In 2019 Luminor continued to implement a new business model and plans to reduce its team in the Baltic States. According to the new business model, Luminor Bank (Estonia) is going to be a head bank for Luminor's branches in Latvia and Lithuania; Luminor Bank AS has been transfromed into Luminor Bank AS Latvijas filiāle.
Luminor Bank AS Latvijas filiāle participates in the deposit guarantee scheme of Estonia. This deposit guarantee scheme applies to current accounts, demand deposits, term deposits made by natural persons (Estonian and foreign), legal entities (Estonian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Luminor Bank AS Latvijas filiāle is a member of Guarantee Fund of Estonia and makes its contributions into it.
Luminor Bank AS Latvijas filiāle operates as a branch of Luminor Bank AS (Estonia).
Luminor Bank AS Latvijas filiāle is located in Rīga.