Finora Bank reports strong growth in early 2025 and strengthens its strategic team: Michail Leontjev appointed Chief Financial Officer

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 Financial Officer (CFO). His appointment has been approved by the Bank of Lithuania. Leontjev also joins the Management Board and takes on the role of Deputy CEO, responsible for financial strategy and performance oversight.

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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…

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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…

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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…

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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…

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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…

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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.

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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.…

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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.

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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…

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