EIB partners with Luminor for Baltic risk transfer

Baltics_AdobeStock_575x375_17Dec20
By Tom Brown
17 Dec 2020

The EIB and EIF have guaranteed a synthetic securitization issued by Luminor Bank to support SMEs and mid-caps in the Baltic States.

The guarantee structure can support at least €660m of additional loans and leases to SMEs and mid-caps across Estonia, Latvia, and Lithuania.

The response is part of a €40bn package the EIB announced in March to help SMEs weather the worst of the Covid-19 economic crisis.

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