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Photo by Vladimir Ivanovo (V)
Erkki Raasuke, CEO of Luminor Bank AS, has decided to leave his current position to move to the next stage of the bank’s development. He will serve as boss until the end of the year. Since 2021 January 1 Peter Bosek has been appointed the new CEO of the bank.
2017 Following the merger of the Baltic banks Nordea and DNB, Luminor became an independent bank. Mr. Raasuke contributed to the preparatory project and led the cross-border merger and restructuring of the Luminor banking group when the bank was acquired by a consortium led by Blackstone. Under his leadership, the bank issued the first covered bonds in the region, according to the report.
Mr. Bosek worked for the Austrian financial services group Erste Group and as CEO of Erste Bank and Chief Retail Officer of Erste Group. Erste Group employs 47,000 people and serves more than 16.1 million people. clients in more than 2,300 branches in 7 countries.
Luminor is the third largest financial services provider in the Baltic banking market, serving 900,000 customers and has 2,500 employees. 2020 As of June, the bank had a market share of 15.6% in deposits and 17.6% in loans. Luminor’s share capital amounts to 1.6 billion. Eur and the CET1 ratio is 22%.
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