Hungary's largest lender, OTP Bank Plc. announces that it signed a share purchase agreement to acquire 100% of the shares of Luminor Holding, the parent company of Luminor Bank, operating in the Baltic region.
In an extraordinary announcement, OTP Bank Plc. said on the website of the Budapest Stock Exchange that the shares of Luminor Holding were purchased from a consortium of private equity funds managed by Blackstone and DNB Bank.
Luminor is a stable, strongly capitalised and significant universal banking player in the Baltics, its total assets were EUR 15.9 billion, and its profit after tax amounted to EUR 158 million in 2025, the announcement added.
It has also been pointed out that the completion of the transaction is subject to obtaining the necessary regulatory approvals.
Luminor is the third-largest financial services provider in the Baltic region, serving the financial needs of individuals, families, and businesses. The bank posted a net profit of EUR 158 million in 2025, with a return on equity of 8.6%. Its capital position is exceptionally strong, with a CET1 ratio of 20.2%, as of December 31, 2025, and a total capital adequacy ratio of 24.6%.
In recent years, Luminor has strengthened its business model, expanded its customer base, and enhanced its digital operations. These steps have helped the bank solidify its position throughout the Baltic region—in Estonia, Latvia and Lithuania.
It was emphasized to MTI that, as a strategic investor, OTP Group aims to establish a long-term presence in the Baltic region and, through Luminor, actively contribute to the financial well-being of its customers.
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