In the first half of 2025, Finora Bank’s business loan portfolio grew by 111%, reaching €59 million. Deposit volumes rose by 135%, totaling €65 million. Revenue also saw a sharp increase of 74% compared to the same period last year, driven by strong demand for financing and a focused strategy tailored to business clients.
Compared to the same period last year, the number of new loans issued grew by 80%, while the number of newly financed clients increased by nearly one-third. The average loan size rose from €118,000 to €160,000, reflecting higher financing needs and growing client confidence in the bank.
Šarūnas Ruzgys, CEO at Finora Bank, says: “In the first half of the year, our revenue grew by 74%, from €1.2 million to €2.1 million, compared to same period last year. This shows that we are becoming a trusted partner for established companies that value flexible, tailored solutions and high-quality decision-making. Most of our financing in this period went to businesses in trade, construction, logistics, real estate development, and manufacturing. We’re seeing strong momentum and are on track to grow our loan portfolio to €90 million by year-end.
The bank’s growth was also supported by investment in its team. Finora’s team expanded by 14.5% in the first half of the year, with key hires in Operations, Product, and IT teams, functions that directly impact client experience, decision speed, and infrastructure efficiency.
Šarūnas Ruzgys adds: “Over the past year, Finora Bank has gone through a significant transformation. We’re now one of the fastest-growing bank in Lithuania and Estonia, able to keep pace with businesses and offer solutions that match their real needs. This progress reflects our long-term investments in people, technology, and decision quality. Undoubtedly, an important boost came from the new investors who joined in 2024, strengthening our capital base and accelerating growth. We’re moving forward with a clear ambition – to become the first choice for businesses looking for a reliable, fast, and solution-oriented financing partner. As we continue to grow, we’re focused on increasing the value of the bank and welcoming more long-term partners and investors who believe in what we’re building.”
In the second half of the year, Finora Bank plans to introduce factoring services in Lithuania, following their successful rollout in Estonia. The bank is also implementing SEPA payment infrastructure and launching a new online banking platform to enhance the speed and convenience of daily financial operations.