Citadele Banka
Lithuanian headquarters in Vilnius | |
| Industry | Banking |
|---|---|
| Founded | 30 June 2010 |
| Headquarters | , |
Key people | Guntis Beļavskis |
| Products | Financial services, Insurance |
| €233.9 million (2023) | |
| €110.4 million (2023) | |
| Total assets | €5.4 billion (2022) |
| Owners | Ripplewood Holdings (75%) European Bank for Reconstruction and Development (25%) |
Number of employees | 1,500 |
| Website | www.citadele.lv |
| Footnotes / references | |
AS Citadele banka is a Latvian bank and financial and asset manager. The principal market of operation for the Citadele Group is the Baltic States.
Citadele banka is the parent company of a Group offering banking, financial and private capital management services in its home market and through its international presence.
Citadele is one of two institutions created in 2010 from a state administered split of Parex Bank into viable and distressed banking assets. The other is Reverta. Parex was privately founded 1992 and taken over by the Latvian government on 8 November 2008 during the 2008 Latvian financial crisis. The bad bank assets remained with Parex, now renamed Reverta.
Citadele has been designated in 2020 as a Significant Institution under the criteria of European Banking Supervision, and as a consequence is directly supervised by the European Central Bank.
In 2024 the CEO Johanas Åkerblomas was replaced by Rūta Ežerskienė.