OTP Bank to acquire Baltic lender Luminor

On 20 July 2026 Hungary's OTP Bank signed an agreement to acquire 100% of Luminor Holding from a consortium of Blackstone-managed private equity funds (majority) and DNB Bank. Luminor is the third-largest financial services provider in the Baltics (Latvia's fourth-largest bank by total assets); for 2025 it reported net profit of €158m, a return on equity of 8.6% and a CET1 ratio of 20.2%. The purchase price was not disclosed. Completion is subject to regulatory approvals (Estonian financial supervisor, ECB, Latvian central bank). Second source: BNN.