Citadele Banka

Banka Citadele AS
IndustryBanking
Founded30 June 2010[1]
Headquarters
Riga
,
Latvia
Key people
Guntis Beļavskis
ProductsFinancial services, Insurance
€233.9 million (2023)
€110.4 million (2023)
Total assets€5.4 billion (2022)[2]
OwnersRipplewood Holdings (75%)
European Bank for Reconstruction and Development (25%)
Number of employees
Increase 1,500
Websitewww.citadele.lv
Footnotes / references
[3][4][5][6]

AS Citadele banka is a Latvian bank and financial and asset manager.[7][8] 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 Financial crisis of 2007–2010. The bad bank assets remained with Parex, now renamed Reverta.[9][10][11]

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.[12][13]

In 2024 the CEO Johanas Åkerblomas was replaced by Rūta Ežerskienė.[14]

  1. ^ "History". Citadele Group. Retrieved 12 July 2016.
  2. ^ Annual report 2022
  3. ^ "Investor relations". Citadele Group. 2023-09-11. Retrieved 2024-02-13.
  4. ^ "Citadele bank HQ in Rīga bought by Lithuanian investment fund". Eng.lsm.lv. 2020-11-12. Retrieved 2024-02-13.
  5. ^ "Citadele Bank is moving its Lithuanian headquarters to Green Hall business valley". en.15min.lt. 2020-03-13. Retrieved 2024-02-13.
  6. ^ "Annual report 2023". Archived from the original on 2024-04-02. Retrieved 2024-04-02.
  7. ^ "JSC "Citadele banka"". Lietuvos bankas (in Lithuanian). Retrieved 2023-10-12.
  8. ^ ""Citadele" vadovas Akerblomas: ambicijos yra gerai, o štai godumas – blogai ir jį labai sunku reguliuoti". lrt.lt (in Lithuanian). 2021-11-19. Retrieved 2023-10-12.
  9. ^ Informacija, Ekonomikos Ir Finansų (2010-08-26). ""Parex" banko pavadinimas pakeistas į naują". Delfi verslas (in Lithuanian). Retrieved 2023-10-12.
  10. ^ "AB "Citadele" banko inspektavimo rezultatų ir priežiūrinio tikrinimo ir vertinimo rezultatai". Lietuvos bankas (in Lithuanian). 2012-03-06. Retrieved 2023-10-12.
  11. ^ "AB "Parex" bankas tapo AB "Citadele" banku". 15min.lt/verslas (in Lithuanian). 2010-08-26. Retrieved 2023-10-12.
  12. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  13. ^ "European Central Bank takes over direct supervision of Citadele banka". eng.lsm.lv. Retrieved 2024-05-22.
  14. ^ Gapšys, Justinas. ""Citadele" bankui vadovaus R. Ežerskienė". vz.lt (in Lithuanian). Retrieved 2024-05-22.