BluOr Bank Launches Mortgage Lending and Loan Transfer Services for Private Individuals

BluOr Bank is expanding its range of services and has announced the launch of mortgage loans for home purchases. This marks a new chapter in the bank’s development — alongside its well-established services for businesses, the bank is now actively strengthening its presence in the private customer segment. The loan offering is available to both existing and new clients across Latvia.

By entering the housing loan market, BluOr Bank aims not only to diversify its portfolio but also to give a positive boost to the real estate sector and promote healthy competition. Increased competition in this field means better conditions and more choices for customers. Moreover, the fact that these services are provided by a locally owned bank ensures that income and investment remain in Latvia, supporting the country’s economy.

“By offering mortgage loans to private individuals, we are responding to the growing demand for the convenience of receiving all financial services within one bank,” says Dmitrijs Latiševs, Chairman of the Board of BluOr Bank.

“We started with financing solutions for Latvian businesses and have gradually expanded our offerings based on real customer needs. As a bank that has worked closely with Latvian companies for many years, we have a clear understanding of what a mortgage loan offer should look like for individuals — competitive, transparent, and tailored to the local client, as well as aligned with the specifics of Latvia’s real estate market. We have long been active in this segment — financing both the construction of new housing and renovation projects across Latvia. We know this market, we live in it ourselves, and we are proud to bring new quality to it by offering a real alternative to foreign banks.”

In addition to issuing new mortgage loans, BluOr Bank will also offer mortgage loan transfers (commonly referred to in Latvia as loan refinancing or loan switching) for clients who have an existing mortgage with another bank and are seeking more favorable terms. The mortgage lending terms offered by BluOr Bank provide a favorable interest rate and individually tailored repayment conditions. Loan transfer is a simple way to reduce monthly payments and gain greater long-term financial flexibility.

Over the years, the bank has consistently increased its market share in Latvia and plans to further expand its service offering for private individuals. Evolving from a specialized business partner into a full-service commercial bank, BluOr Bank becomes the first among Latvia’s systemically important banks with local capital to offer a full range of high-quality services to both businesses and private clients.