Luminor reported continued strong growth in lending in Q3

The third quarter continued to be affected by the geopolitical and economic impacts of the invasion of Ukraine, with the Baltic region recording the highest inflation rates in the euro-zone.

As Luminor adjusted to the new operating environment, the bank grew its customer lending and raised its efficiency once again, which resulted in an increase in net profits. Luminor’s credit quality remains robust. Non-performing loans fell to 1.3% of gross lending, its lowest ever level, Luminor said in a statement.