BluOr Bank: a Latvian Bank Named as Systemically Important Bank

BluOr Bank: a Latvian Bank Named as Systemically Important Bank

Having operated for more than 20 years, BluOr Bank has gained a business recognition for servicing various businesses. Since its foundation, the bank focuses on the mission of business improvement solutions and on making the banking business better. Isn’t it what all businesses want when looking for a European bank account?

It is worth mentioning that BluOr Bank describes itself as having extraordinary business support. Its client choose BluOr Bank for unprecedently quick responses. It takes 24 hours to respond on loan applications, as an instance. It has also established successful partnerships with an array of companies that allow to carry cross-activities with various business sectors.

Of course, BluOr Bank is not only a loan institution. Its services go beyond that. This financial institution is the bank choice for:

  • Manufacturers,
  • Traders,
  • Port terminals and logistics companies,
  • Developers,
  • Hotel, restaurants, and other industries.

Overview of banking services:

  • Business bank account
  • Safe deposit boxes
  • Payment systems for international transfers in major currencies
  • Private account
  • Payment cards
  • Currency exchange
  • Loans
  • E-commerce tools, such as online card acceptance and POS terminals

Recent News from BlurOr Bank

On May 10, 2022, the Latvian Financial and Capital Market Commission approved the base prospectus of BluOr Bank unsecured subordinated bonds programme.

BluOr Bank plans to commence the public offering of unsecured subordinated bonds of the first tranche to investors in Latvia, Estonia and Lithuania.

The offering period will last from May 16, 2022 – 10:00 AM to May 27, 2022 – 15:30 PM.

BluOr Bank plans to issue up to 7,000 subordinated bonds with the nominal value of EUR 1,000 in a total nominal value of EUR 7,000,000, with a maturity date of 7 years and quarterly interest payments at the rate of 7% per annum. BluOr Bank may increase by up to 3,000 additional bonds and decrease the issue volume by the amount unsubscribed.

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