Luminor announced today its financial results for 3Q25, reporting increased lending and continued good asset quality. The bank’s liquidity and capital positions remained strong.
Luminor generated a profit after tax of 43.3 million EUR in the quarter, compared to 55.0 million EUR in the same period last year. As expected, lower interest rates reduced total operating income, while total operating expenses increased marginally. The bank reported a cost to income ratio of 60.2% and a return on equity, assuming a CET1 ratio of 15%, of 14.6%.
Loans to customers increased by 309.3 million EUR to 11.1 billion EUR. Lending to individuals rose by 184.9 million EUR, driven by mortgage growth. Loans to companies increased by 124,4 million EUR.
Luminor maintained the quality of it loans, with non-performing loans unchanged at 1.7% of gross loans and its strong liquidity and capital positions.
In Retail Banking, demand for mortgage and consumer lending increased, supported by increased public confidence due to lower interest rates. In Corporate Banking, the bank saw continued demand for credit, particularly from small and medium-sized enterprises, and for leasing in agriculture and transportation.
Wojciech Sass, Luminor Bank Chief Executive, said:
“In the third quarter we made progress as we initiated our refreshed strategy. Supported by lower interest rates and continued economic growth in our home markets, and through the commitment of our employees, we generated good, broad-based demand for new lending. Our focus will be to grow our customer franchise, improve the efficiency of our IT systems, and remain complaint with changing regulations.”
Luminor’s 3Q 2025 interim report can be found here.
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