Luminor grew lending by 376 million EUR in the second quarter

Luminor announced today its financial results for 2Q 2026, reporting loan growth of 376 million EUR during the quarter, continued growth in deposits, and further progress with its strategy, customer experience and digital transformation. Loans to customers increased by 3.3% and reached 11.9 billion EUR. 

Demand for financing remained strong across customer segments. In the first half of 2026, compared with the same period of 2025, mortgage sales increased by 10%, consumer lending volumes doubled, micro lending volumes grew 2.5 times, and household deposits increased by 12%. 

Retail Banking grew lending and deposits while continuing to develop its product offering and enhance customer experience. During the quarter, Luminor launched Bloom, the first product to be hosted on its new cloud-based banking platform. In Corporate Banking, lending continued to grow as overall business activity remained healthy. Luminor also advanced its digitalization plans and further enhanced its consolidated risk-based approach to preventing financial crime.  

‘We made clear progress with our strategy, growing loans and deposits, and improving our customer experience once again. And, we reached a milestone in our IT transformation, with the launch of Bloom, the first product to be hosted on our new cloud-based banking platform.’, said Wojciech Sass, Luminor Bank Chief Executive. 

Profit for the period was 37.4 million EUR compared with 46.2 million EUR in the second quarter of 2025, primarily reflecting higher migration costs as the bank continued to advance its digitalization plans. Total operating income increased by 4.7 million EUR, mainly due to growth in net interest income and net fee income as customer balances and activity increased. Total operating expenses increased by 2.8 million EUR, including 13.0 million EUR of additional migration-related costs. Excluding these necessary costs, total operating expenses would have decreased by 10.2 million EUR. 

Lending to individuals increased by 174.4 million EUR during the quarter, mainly driven by mortgage lending. Lending to companies increased by 201.9 million EUR across most sectors. Overall asset quality remained sound, reflecting the bank’s prudent underwriting standards and effective risk management practices.  

The bank maintained its strong liquidity and capital positions.  

Luminor’s Interim Report 2Q 2026 can be found here.