BluOr Bank successfully completes 2022 and publishes the audited annual report
In 2022, significant geopolitical upheavals occurred throughout Europe, and in particular in the countries neighboring Latvia, bringing major changes in business and overall market situation.
In the first half of the year, the Bank made significant adjustments in risk management and planning, and continued to strengthen its strategic positioning in providing services to Latvian enterprises. The Bank successfully completed the reporting period, in accordance with the planned indicators for the most important areas of the Bank’s activities.
As the audited data show, the Bank completed 2022 with a profit of EUR 10.5 million, which is 7% more than in 2021. Net operating income of the Bank during the reporting period amounted to EUR 26 million. The amount of the Bank’s equity capital is EUR 80.3 million. Total assets of the Bank at the end of the year were EUR 685 million.
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