AS BlueOrange Bank (formerly Baltikums Bank AS)

BlueOrange Bank is an international private bank that provides a wide range of financial and advisory services, including tailor-made solutions for high net worth individuals and businesses. BlueOrange Bank serves both domestic and international clients.

Services

Personal Banking
Corporate Banking
Investment Banking
Brokerage
Financial Advisory

Products

Financials

Total Assets (2017)
661.00 mln EUR  (+1.46%)
Net Income (2017)
4.83 mln EUR  (-38.15%)

In 2017 total assets of AS BlueOrange Bank were 661,00 mln EUR. In 2017 the bank's net income was 4,83 mln EUR.

AS BlueOrange Bank participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Smilšu iela 6, 1050, Rīga, Latvia
+371 67 031 333

AS BlueOrange Bank is headquartered in Rīga.

Bank Identifiers

BIC (SWIFT)
CBBRLV22
MFI ID
LV000755

Business Summary

Services
personal banking
corporate banking
investment banking
brokerage
financial advisory
Products
settlement and cash management
loans
fiduciary services
documentary operations
payment cards
deposits
time deposit accounts (0.50 - 1.30 %)

AS BlueOrange Bank provides products and services in the areas of personal banking, corporate banking, investment banking, brokerage, financial advisory. The range of products offered by AS BlueOrange Bank includes settlement and cash management, loans, fiduciary services, documentary operations, payment cards, deposits, time deposit accounts (0.50 - 1.30 %).

Products

Time Deposit Accounts

Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).

Time deposit accounts made with AS BlueOrange Bank are covered by deposit guarantee scheme of Latvia up to 100 000 EUR per depositor. AS BlueOrange Bank offers the following time deposit accounts.

Updated on 17 December 2018

Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
0.50 %
Deposit Term (months)
6
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
0.50 %
Deposit Term (months)
6
Investment Amount
20000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.10 %
Deposit Term (months)
12
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.10 %
Deposit Term (months)
12
Investment Amount
20000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.30 %
Deposit Term (months)
24
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.30 %
Deposit Term (months)
24
Investment Amount
20000 - 100000 EUR
Interest Frequency
1 times a year
Festgeld
Sales Region
Germany
Account Currency
EUR
Interest Rate (p.a.)
1.25 %
Deposit Term (months)
36
Time Deposit Account Details
Product Name
Festgeld
Account Currency
EUR
Interest Rate (p.a.)
1.25 %
Deposit Term (months)
36
Investment Amount
20000 - 100000 EUR
Interest Frequency
1 times a year

Germany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.

See Also

Financial Positions

Total Assets (2017)
661.00 mln EUR  (+1.46%)
Total Equity (2017)
60.03 mln EUR  (+1.61%)

In 2017 total assets of AS BlueOrange Bank were 661.00 mln EUR. Growth compared to the previous period (2016) was 1.46%. The evolution of the total assets of AS BlueOrange Bank is shown at Chart 1 below.

Total Assets of AS BlueOrange Bank.

Chart 1. Total Assets of AS BlueOrange Bank.

Recent changes in total assets of AS BlueOrange Bank and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 153.9 233.8 +51.95%
Loans 177.2 166.5 -6.04%
Total Assets 651.5 661.0 +1.46%
Table 1. Recent changes in total assets of AS BlueOrange Bank (mln EUR).

Recent changes in total liabilities of AS BlueOrange Bank and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 3.5 1.4 -59.25%
Deposits from other clients 585.2 596.4 +1.91%
Total Liabilities 651.5 661.0 +1.46%
Table 2. Recent changes in total liabilities of AS BlueOrange Bank (mln EUR).

Profit and Loss

Net Income (2017)
4.83 mln EUR  (-38.15%)

Recent changes in gross profit of AS BlueOrange Bank and its main components are shown in Table 3.

2016 2017 % change
Interest Income 11.1 10.9 -2.28%
Interest Charges -3.2 -3.8 +21.40%
Commission Income 23.3 17.0 -26.90%
Commission Charges -7.9 -5.0 -36.94%
Table 3. Recent changes in gross profit of AS BlueOrange Bank (mln EUR).

In 2017 net income of AS BlueOrange Bank was 4.83 mln EUR. Decline compared to the previous period (2016) was -38.15%. The evolution of the net income of AS BlueOrange Bank is shown at Chart 2 below.

Net Income of AS BlueOrange Bank.

Chart 2. Net Income of AS BlueOrange Bank.

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Latvia are obliged to participate in Latvian deposit guarantee scheme.

In the case of AS BlueOrange Bank failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits, current account balance, salary accounts, savings accounts etc.
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of AS BlueOrange Bank and its components are shown in the table below.

BIC  CBBRLV22
Bank BIC Code  CBBR
Country Code  LV (Latvia)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of AS BlueOrange Bank is shown in the table below.

MFI ID  LV000755