BluOr Bank AS

BluOr Bank AS, previously known as BlueOrange Bank and Baltikums, is a Latvian bank founded in 2001 in Riga. It was created by four Latvian entrepreneurs with experience in international trade and logistics. The goal was to establish a financial institution that would offer convenient solutions for businesses.

In 2017, the bank changed its name to BlueOrange, and in 2022 it was renamed BluOr Bank AS. Today, it is one of the systemically important banks in Latvia, supervised by the Bank of Latvia and the national financial regulator. The majority stake belongs to the Latvian holding BBG AS.

Bank services

BluOr Bank is focused on corporate services and offers a wide range of products:

• opening accounts for companies from the EU, EEA, UK and Switzerland, including the ability to do this remotely;
• business loans for the purchase of equipment, real estate, project development and working capital;
• e-commerce solutions: accepting online payments with fast crediting of funds;
• deposits for individuals and legal entities with protection up to 100,000 euros;
• asset management, investment strategies, custody of securities;
• brokerage services and access to global markets;
• subordinated deposits with increased profitability.

Documents for opening an account

To open a corporate account, you need:

• company registration documents;
• charter and information about the owners;
• passport or ID of the beneficiaries;
• proof of address and field of activity.

The bank does not work with companies from offshore jurisdictions such as the BVI, Belize, Panama, Seychelles or the Marshall Islands.

For individuals, a passport and proof of residential address are usually sufficient.

Opening times

BluOr Bank is known for its prompt service: with a full package of documents, an account can be opened within 1-2 business days. For corporate clients, the terms may increase depending on the complexity of the business structure.

Bank advantages

• Modern and technologically advanced Internet bank and mobile application;
• Remote opening of accounts for companies and private clients;
• Fast lending decisions and an individual approach;
• State protection of deposits up to 100,000 euros;
• Participation in European programs to support small and medium-sized businesses;
• Favorable conditions for deposits and investment products.

BluOr Bank is a reliable and flexible Latvian bank offering a wide range of solutions for businesses and private clients. Its key advantages are speed of service, digital technologies, transparency and security.

If you are planning to open an account with BluOr Bank, IT-OFFSHORE specialists are ready to help you prepare documents, negotiate with the bank and support the process at all stages.