Finora Bank Strengthens Leadership – Two Seasoned Banking Professionals Join the Board

Finora Bank, bank dedicated for businesses, is reinforcing its position in the Baltic region with the addition of two experienced banking professionals, Mangirdas Kireilis and Šarūnas Gerasimavičius, to its board. Their appointments have been approved by the Bank of Lithuania (LB). Mangirdas Kireilis, who has been leading Finora Bank’s sales operations across the Baltics and is currently the head of the Estonian branch, has now also been appointed to the board. With extensive experience working with business clients in major Scandinavian banks, he brings valuable expertise in business financing. “The bank’s focus is on growth. We aim for Finora Bank […]

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Finora Bank’s Economist: A Challenging Year Ahead, but Three New Opportunities for Estonia’s SMEs

Small businesses, employing most Estonians, can find new growth opportunities this year. According to Vaidotas Šumskis, an economist at Finora Bank, these lie in the recovering purchasing power of Estonians, Finland’s economic…

In 2024, Finora Bank’s loan portfolio grew by 39%

In 2024 Finora Bank recorded unprecedented growth. The loan portfolio provided to business clients increased by more than 39% over the year – from €20.4 million at the end of 2023 to…

Small Trends Signs Point Estonia’s Progress

Although Estonia's economy is no longer shrinking, it has yet to return to growth. However, signs such as recovering investments and improved financing opportunities for small businesses—which form the backbone of Estonia's…

A Rapid Drop in Euribor Could Be a Lifeline for Thousands of Estonian SMEs

Access to financing has long been a challenge for Estonia's small businesses, creating a significant bottleneck for economic growth. However, the unexpectedly rapid decline in Euribor presents an opportunity that could prove…

Finora Bank Strengthens its Team: Mangirdas Kireilis Appointed as Sales Head for the Baltics

Mangirdas Kireilis, a seasoned professional in banking sales, has been appointed Head of Sales for the Baltic countries. He will also lead the Estonian branch, with approval from the Bank of Lithuania.

Lithuanian Business at a Turning Point: Will the Economy Pick Up Speed?

The Bank of Lithuania's latest quarterly report offers some encouraging news: the country's GDP is expected to grow by 2.2% this year, which is 0.3 percentage points higher than predicted in June.…

Finora Bank Relocates Headquarters to New, Larger Office in Vilnius

Finora Bank relocates headquarters to new, larger office in Vilnius, at Žalgirio g. 90 in Vilnius.

Finora Bank secures €5.6 million investment to fuel expansion and growth

Finora Bank, a Lithuanian-based specialized bank catering to micro, small, and medium enterprises (MSMEs), has successfully raised €5.6 million in a funding round. This significant capital injection, consisting of both equity and…

Lithuania vs. Estonia: The Race for IT Leadership in the Baltics

Lithuania and Estonia have been competing in the IT sector for a long time. Over the past two years, Lithuania has become the fastest-growing economy in the Baltic region, avoiding the economic…