BluOr bank products, services and reviews
Rating, reviews, address, contact info, branches, phone numbers, fixed deposits, savings and card accounts offered by BluOr bank
BluOr bank
4.2
Latvia
Credit ratings
Deposit Guarantee Scheme (DGS)
Deposit Guarantee Scheme (DGS) member. Deposits up to €100k per person are covered
S&P
-
Moody’s
-
Fitch
-
About BluOr bank
BluOr Bank AS is a Latvian financial institution established in 2001, with its central office based in Riga. Notably, it introduced the first contactless card ATMs in Latvia in February 2018 and became the country's first online bank in May 2018. As of December 2021, the bank holds the status of one of the five systemically important financial institutions in Latvia. On March 21, 2022, the bank underwent a name change and was rebranded as BluOr Bank AS (formerly known as BlueOrange Bank, Baltikums Bank, and Baltikums).
BluOr bank Deposit guarantee scheme participation
BluOr bank participates in the deposit guarantee scheme of Latvia which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR (or equivalent in local currency) per bank per depositor.
BluOr bank Countries of operations
BluOr bank offers their savings products in Belgium, Bulgaria, Switzerland, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Greece, Croatia, Hungary, Italy, Lithuania, Latvia, Malta, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Products offered by BluOr bank and interest rates
BluOr bank offers 15 deposits and 0 savings accounts in EUR.
BluOr bank offers the following fixed deposits in EUR in Sweden, Poland, Cyprus, Denmark, Bulgaria, Portugal, Latvia, Hungary, Switzerland, Czech Republic, Slovenia, Slovakia, France, Greece, Estonia, Croatia, Belgium, Finland, Romania, Malta, Lithuania, Italy: 3 months deposit - 2%; 6 months deposit - 2.25%; 12 months deposit - 2.5%; 24 months deposit - 2.25%; 36 months deposit - 2%.
Best interest rates in Latvia
Fixed deposits offered by BluOr bank
Loans offered by BluOr bank
There are no products yet
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About BluOr Bank
BluOr Bank is a well-regarded financial institution in Latvia, known for its strong focus on corporate banking, wealth management, and personalized financial services. While the bank does not cater to the mass retail market, it remains a preferred choice for businesses and affluent clients seeking tailored financial solutions.
Geography of Operations
BluOr Bank operates primarily in Latvia but serves clients across the Baltic region and beyond. The bank's international services attract a global clientele, particularly those interested in private banking and tailored investment solutions.
Digital Banking
BluOr Bank provides a comprehensive suite of digital banking services designed to meet the needs of both individual and corporate clients. These services enable customers to manage their accounts, execute transactions, and oversee investments through a secure online platform.
BluOr Bank’s digital banking (Internet bank)services are designed to provide clients with a practical, efficient, and secure way to manage their financial activities, ensuring that they have full control over their banking needs from anywhere at any time.
BluOr Bank Products and Services
- Personal Loans
BluOr Bank provides personal loans tailored to the financial needs of individual clients. Whether for home improvements, education, or other personal expenses, the bank offers competitive rates and flexible repayment options. - Savings Accounts and Fixed-Term Deposits
Clients can open savings accounts or choose from various fixed-term deposit options, ranging from 3 months to 5 years. These products offer a secure way to save money, with the option to diversify holdings across multiple currencies, including EUR and USD. - Subordinated Deposits
For individuals seeking higher returns, BluOr Bank offers subordinated deposit products. These are long-term investments with a higher risk profile, designed for those willing to commit their funds for periods of 5, 7, or 10 years. - Corporate Banking
BluOr Bank offers a wide range of corporate banking services, including business loans, cash management, trade finance, and leasing solutions. - Asset Management
BluOr Bank's asset management services cater to both individual and institutional investors. The bank offers various investment funds, including equity, bond, and mixed funds, managed by a team of experienced professionals. For high-net-worth individuals, BluOr Bank provides personalized wealth management services.
Deposit Protection
BluOr Bank is part of Latvia's Deposit Guarantee Fund, which operates in accordance with EU regulations. This scheme guarantees the protection of deposits up to €100,000 per depositor. In the event of a bank’s insolvency or other financial difficulties, this guarantee ensures that clients will receive compensation for their eligible deposits within the covered limit.
Deposits held in different currencies are also protected under the scheme, with the compensation calculated in euros, regardless of the original currency of the deposit.
It’s important to note that subordinated deposits, which are a type of investment product, typically have different terms and may not be covered by the standard deposit guarantee. Clients considering such products should carefully review the terms and understand the associated risks.
Bank identifiers
BIC number
CBBRLV22
Name
BluOr bank
Country
Latvia