BluOr Bank continues to develop financial services for Latvian companies

BluOr Bank ended the reporting period with a profit of EUR 4.1 million. The Bank’s operating net income in the 1st half of 2022 reached EUR 10.5 million. The amount of the Bank’s equity capital is EUR 78 million, and the total amount of assets is EUR 756 million.

The Bank’s liquidity as of June 30, 2022, was 198% (LCR). Other key indicators of the Bank’s financial performance are also successful: return on equity (ROE) – 10.4% and return on assets (ROA) – 1.0%.

In six months, the Bank signed new loan agreements in the amount of EUR 54 million. The total portfolio of loans granted and issued as of June 30, 2022, was EUR 381.5 million, which is 3.1% more than in the corresponding period last year.

In 2022, the Bank purposefully continued to develop its strategic priority area of activity – provision of services to enterprises, as evidenced by the continuous growth in the number of the Bank’s clients – legal entities. It has grown by 15% in the first half of the year, and this is the fourth six-month period in a row, during which there has been a steady increase in the number of legal entities.

The full interim financial report on the performance of BluOr Bank AS in the first half of 2022 is published in the section FINANCIAL INFORMATION of the bank's home page. https://www.bluorbank.lv/en/financial-information

About BluOr Bank:

BluOr Bank AS is a privately owned commercial bank of Latvia. The Bank was established in 2001. BluOr Bank AS provides a full range of banking services: daily banking services for businesses and individuals, loans to small and medium-sized companies, asset management and brokerage services.

According to the Bank’s development strategy, the main business segment is corporate banking with a focus on small and medium-sized companies and corporate lending.

Additional information: https://www.bluorbank.lv

For contacts:

Ingrīda Šmite

Head of the Corporate Communication and Marketing Department at BluOr Bank

Ph.: +371 67 034 257

pr@bluorbank.lv

ingrida.smite@bluorbank.lv

www.bluorbank.lv