BluOr Bank AS (former names: BlueOrange Bank, Baltikums Bank, Baltikums) is a Latvian bank founded in 2001. The central office is located in Riga.
Overview
As of October 2025, BluOr Bank employs approximately 260 people. According to the audited financial report for 2024, the bank’s total assets amounted to €1.049 billion, with equity of €122.4 million and a net income of €17.9 million. The liquidity ratio was 156.28 %, return on equity (ROE) – 20.03 %, and return on assets (ROA) – 1.83 %.[1]
BluOr Bank is included among Latvia’s 500 largest companies and ranks within the top six banks in the country by total assets. It is also listed among Latvia’s 101 most valuable companies, ranking 69th in 2025, up from 89th the previous year.[2]
History
The bank was founded on June 22, 2001, as a joint-stock commercial bank "Baltikums". In September 2017, the bank also changed its legal name to BlueOrange Bank.[3]