In 2024 Finora Bank recorded unprecedented growth. The loan portfolio provided to business clients increased by more than 38% over the year – from €20.4 million at the end of 2023 to €28.1 million at the end of 2024. The bank's assets grew by 61%, reaching €36.9 million compared to €22.9 million the previous year. Financing volumes and the number of clients also increased significantly, especially among small and medium-sized enterprises (SMEs).

Additionally, in 2024, Finora Bank attracted €6 million in capital investments, strengthening its ability to increase access to financing for businesses and introduce new banking products. The bank also strengthened its position in the Baltic region by opening a new branch in Tallinn, expanding its reach to a broader range of business clients.

Finora Bank CEO, Šarūnas Ruzgys, says “2024 was a year of significant changes and investments in Finora Bank’s history. The infusion of new capital ensured faster growth of the client portfolio and revenue, while enabling the modernization of systems to better meet market needs. With the planned changes implemented, operational efficiency will increase considerably, making it easier for clients to use the bank's services.”

Last year, the bank laid the foundation for significant changes and created favorable conditions for sustainable growth.

“In 2024, we focused on strategic changes. We built a strong team – over the year, more than 30 new employees joined the bank, and a new leadership team was formed. These steps established the foundation for the next phase, where we will need to implement processes ensuring rapid growth, profitability, and efficiency – all while maintaining robust credit, operational, and overall business management control,” added Š. Ruzgys.

Since the beginning of its operations, Finora Bank has provided business loans totaling over €192 million. 2025 is set to be another intensive growth year. The bank will continue to fulfill its commitments – to actively contribute to more flexible financing and better conditions for the SME sector.