BluOr Bank’s activities in the first half of 2025 are characterized by stability and targeted development in accordance with the Bank’s business model and strategic goals.
The Bank ended the reporting period with a profit of EUR 7.8 million. In the first half of 2025, the Bank’s net operating income amounted to EUR 21.2 million. The amount of the Bank’s equity capital is EUR 122.8 million, and the total amount of assets is EUR 1 106.6 million.
In the first six months of 2025, the Bank raised EUR 1 million in new Tier 1 capital through its own bond offering.
As of June 30, 2025, the Bank’s liquidity coverage ratio (LCR) stood at 136.37% (LCR), and the capital adequacy ratio – 18.80%. Other key indicators of the Bank’s financial performance for six months are also successful: return on equity (ROE) – 16.54% and return on assets (ROA) – 1.49%.
The Bank successfully implements its business strategy focused on providing services to Latvian corporate clients: over the past 12 months, the number of clients – Latvian companies has increased by 26%.
BluOr Bank continues to actively provide loans to companies, offering financing to entrepreneurs from a wide variety of industries. Over a six-month period, the Bank signed new loan agreements worth EUR 148.4 million, representing a 68% increase compared to the first half of the previous year. Of this amount, 87.3% was allocated to lending and business development for small and medium-sized enterprises (SMEs) in both Riga and the regions of Latvia.
As of June 30, 2025, the total loan portfolio (loans granted and disbursed) reached EUR 667.8 million.
As a bank founded by Latvian entrepreneurs, BluOr Bank focuses on long-term relationships with its clients, therefore it continuously improves and develops existing financial services in accordance with the needs of both companies and individuals. In response to the growing demand for accessing all financial services within a single banking institution, BluOr Bank has significantly accelerated the issuance of mortgage loans for home purchases during the reporting period. This marks a new phase in the Bank’s development — alongside its established business services, the Bank is now strategically expanding its presence in the retail segment.
Enclosed: BluOr Bank AS publishes its unaudited interim financial statements for the six-month period ended 30 June 2024.
About BluOr Bank:
BluOr Bank AS is a privately owned commercial bank of Latvia. The Bank was established in 2001.We support business success through smart lending, account services, and e-commerce solutions — while helping individuals achieve financial well-being with personal accounts, mortgages, consumer loans, and wealth management. With BluOr Bank, you get more than just banking — you gain a partner committed to your growth.
Additional information: https://www.bluorbank.lv