About the Bank

BluOr Bank was established on June 22, 2001.

BluOr Bank is ranked among the largest commercial banks in Latvia.

The new brand name and legal name "BluOr Bank AS" has been used since March 2022.

The bank operates in accordance with the applicable legislation of the Republic of Latvia and is regulated by The Bank of Latvia.

To learn more about our bank and its history, please visit the About Us page on our website.

Bank is headquartered in Riga, Latvia. You can find detailed contact information here.

BluOr Bank provides its services in Latvia, the Baltic States, the EEA and European Union countries, as well as other countries if they comply with the specifics of any service to be provided.

• Corporate clients and individuals;

• Small and medium-sized enterprises (SMEs);

• Institutional clients (pension funds, insurance companies, other financial institutions);

• Platforms (partners in resource and client acquisition) and FinTech (clients – payment institutions and partners – suppliers of modern IT solutions).

Legal entities using such services as:

• Opening and servicing business accounts;

• Lending (manufacturing and agricultural enterprises, traders of raw materials, shipping-related enterprises, industrial, managers of industrial, construction, and commercial property, real estate developers, as well as trading companies, mainly from Latvia and other Baltic States. Companies involved in shipping, raw materials, and other product trading (trade finance) may also come from other regions of the world, according to the specifics of the industry);

• Term deposits;

• Brokerage services.

Payment/electronic money institutions with the following cooperation criteria:

• Safeguarding of customer funds, deposits,

• Custody services,

• Client-initiated payments.

FinTech companies, including:

• EU-registered and licensed financial service providers operating as deposit-gathering platforms that facilitate client acquisition for placing deposits with the bank.

Individuals:

• Related to the bank’s clients – legal entities,

• Placing term deposits with the bank,

• Using asset management services, brokerage services;

• Using the mortgage loan service.

• Business lending to companies in Latvia and the Baltic states across various industries

• Deposit services for individuals and legal entities (EU residents), as well as other deposit and investment services, including for payment institutions

• Brokerage services, asset management and capital raising

• Mortgage lending

• Liquidity management services for clients engaged in international trade in Latvia, the EU, and other countries

More than 270 employees currently work at the bank.

BluOr Bank operations are subject to the applicable legislation of the Republic of Latvia and are supervised by The Bank of Latvia.

BluOr Bank is a member of the Finance Latvia Association (FLA), which is part of the European Banking Federation (EBF). For more information, please visit the FLA website.

As a registered bank in Latvia, BluOr Bank is governed by the national laws and regulations of the Republic of Latvia, including the Deposit Guarantee Law.

This law stipulates that the guaranteed compensation per depositor for funds deposited with a bank in Latvia equals the amount of their guaranteed deposit, up to a maximum of EUR 100,000. To learn more about the regulations applicable to BluOr Bank, please visit the Regulations section on our website.

BluOr Bank operates within the SWIFT code CBBRLV22.

In 2014, the bank established the BeOpen charity foundation, which primarily focuses on philanthropic initiatives and support for vulnerable groups in local society, including children with special needs. To learn more about the bank's charity foundation, please read the Charity section on our website.