In 2024, Finora Bank ranked among the fastest-growing banks in Lithuania, based on publicly available data. The bank’s business loan portfolio grew several times faster than the market average, while its market share increased. In Lithuania, Finora Bank’s loan portfolio expanded by 52%.
Small and medium-sized enterprises (SMEs) in Estonia now have a faster and more flexible way to access growth financing, thanks to a new partnership between Finora Bank and the Estonian Business and…
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Finora Bank is continuing its targeted growth and expanding its executive team. Michail Leontjev, a finance professional with more than 20 years of experience in the financial sector, has been appointed Chief…
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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…
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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…
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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…
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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…
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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…
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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.
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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.…
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