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{{Verification|date=July 2022}}{{Short description|Bank based in Riga, Latvia}}
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{{Infobox company

⚫
| name = Banka Citadele AS
⚫
{{Infobox company
| logo = [[File:Banka_Citadele_Logo.png|180px]]
⚫
| name = Banka Citadele AS
| vector_logo =
| logo = Citadele logo RGB.png
⚫
| type =
| logo_size = 180px
⚫
| foundation = 30 June 2010<ref>{{Cite web |url=http://www.cblgroup.com/en/citadele-group/citadele-bank-latvia/history/ |title=History |publisher=Citadele Group |accessdate=12 July 2016}}</ref>
| founder =
| vector_logo =
| image = Green Hall Complex in Vilnius by Augustas Didžgalvis.jpg
⚫
| location_city = [[Riga]]
| image_size =
| image_caption = Lithuanian [[headquarters]] in [[Vilnius]]
⚫
| type =
⚫
| foundation = 30 June 2010<ref>{{Cite web |url=http://www.cblgroup.com/en/citadele-group/citadele-bank-latvia/history/ |title=History |publisher=Citadele Group |accessdate=12 July 2016}}</ref>
| founder =
⚫
| location_city = [[Riga]]
| location_country = [[Latvia]]
| location_country = [[Latvia]]
| location =
| location =
| origins =
| origins =
| key_people = Guntis Beļavskis
| key_people = Guntis Beļavskis
| area_served =
| area_served =
| industry = [[Banking]]
| industry = [[Banking]]
| products = [[Financial Services]], [[Insurance]]
| products = [[Financial services]], [[Insurance]]
| market cap =
| market cap =
| assets = €5.4 billion (2022)<ref>{{citation|title=Annual report 2022|url=https://www.cblgroup.com/media/W1siZiIsIjIwMjMvMDMvMDkvM2xoczBuOWIxdV9DaXRhZGVsZV9Bbm51YWxfcmVwb3J0XzIwMjIucGRmIl1d?sha=9eabfc27316f326c}}</ref>
| assets = {{Increase}} €2329.77 mln <small>(2014)<ref name="cb_profile">[https://thebanks.eu/banks/16312 Bank Profile: Citadele Banka]</ref>
| equity =
| equity = {{Increase}} €172.40 mln <small>(2014)<ref name="cb_profile"/>
| revenue =
| revenue =
| operating_income =
| operating_income = €233.9 million (2023)
| net_income = {{Increase}} €28.35 mln <small>(2014)<ref name="cb_profile"/>
| net_income = €110.4 million (2023)
| num_employees = {{Increase}} 1,500
| num_employees = {{Increase}} 1,500
| parent =
| parent =
| subsid =
| subsid =
| owners = [[Ripplewood Holdings]] (75%)<br>[[European Bank for Reconstruction and Development]] (25%)
| owner =
| caption =
| caption =
| homepage = [http://www.citadele.lv www.citadele.lv]
| homepage = [http://www.citadele.lv www.citadele.lv]
| dissolved =
| dissolved =
| footnotes = <ref>{{cite web | title=Investor relations | website=Citadele Group | date=2023-09-11 | url=https://www.cblgroup.com/en/investors/financial-reports/ | access-date=2024-02-13}}</ref><ref>{{cite web | title=Citadele bank HQ in Rīga bought by Lithuanian investment fund | website=Eng.lsm.lv | date=2020-11-12 | url=https://eng.lsm.lv/article/economy/business/citadele-bank-hq-in-riga-bought-by-lithuanian-investment-fund.a381453/ | access-date=2024-02-13}}</ref><ref>{{cite web | title=Citadele Bank is moving its Lithuanian headquarters to Green Hall business valley | website=en.15min.lt | date=2020-03-13 | url=https://www.15min.lt/en/article/economy/citadele-bank-is-moving-its-lithuanian-headquarters-to-green-hall-business-valley-527-1289032 | access-date=2024-02-13}}</ref><ref>{{cite web | title=Annual report 2023 | url=https://www.cblgroup.com/media/W1siZiIsIjIwMjQvMDMvMjEvMmZoNGIyaHF4cl9DaXRhZGVsZV9Bbm51YWxfcmVwb3J0XzIwMjMucGRmIl1d?sha=2cfb4d5081867906 | access-date=2024-04-02| archive-url=https://web.archive.org/web/20240402201006/https://www.cblgroup.com/media/W1siZiIsIjIwMjQvMDMvMjEvMmZoNGIyaHF4cl9DaXRhZGVsZV9Bbm51YWxfcmVwb3J0XzIwMjMucGRmIl1d?sha=2cfb4d5081867906| archive-date=2024-04-02}}</ref>
| footnotes =
}}
}}


'''AS Citadele banka''' is a [[List of banks in Latvia|Latvian bank]] and financial and asset manager. The principal market of operation for the Citadele Group is the [[Baltic states]].
'''AS Citadele banka''' is a [[List of banks in Latvia|Latvian bank]] and financial and asset manager.<ref>{{cite web | title=JSC "Citadele banka" | website=Lietuvos bankas | url=https://www.lb.lt/lt/finansu-rinku-dalyviai/jsc-citadele-banka | language=lt | access-date=2023-10-12}}</ref><ref>{{cite web | title="Citadele" vadovas Akerblomas: ambicijos yra gerai, o štai godumas – blogai ir jį labai sunku reguliuoti | website=lrt.lt | date=2021-11-19 | url=https://www.lrt.lt/naujienos/verslas/4/1546126/citadele-vadovas-akerblomas-ambicijos-yra-gerai-o-stai-godumas-blogai-ir-ji-labai-sunku-reguliuoti | language=lt | access-date=2023-10-12}}</ref> The principal market of operation for the Citadele Group is the [[Baltic states|Baltic States]].
Citadele is the exclusive cooperation partner of [[American Express]] in Latvia and [[Lithuania]], possessing the right to issue American Express payment cards.


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 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|Financial crisis of 2007–2010]]. The bad bank assets remained with Parex, now renamed Reverta.
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|Financial crisis of 2007–2010]]. The bad bank assets remained with Parex, now renamed Reverta.<ref>{{cite web | last=Informacija | first=Ekonomikos Ir Finansų | title="Parex" banko pavadinimas pakeistas į naują | website=Delfi verslas | date=2010-08-26 | url=https://www.delfi.lt/verslas/verslas/parex-banko-pavadinimas-pakeistas-i-nauja-35833237 | language=lt | access-date=2023-10-12}}</ref><ref>{{cite web | title=AB "Citadele" banko inspektavimo rezultatų ir priežiūrinio tikrinimo ir vertinimo rezultatai | website=Lietuvos bankas | date=2012-03-06 | url=https://www.lb.lt/lt/naujienos/ab-citadele-banko-inspektavimo-rezultatu-ir-prieziurinio-tikrinimo-ir-vertinimo-rezultatai | language=lt | access-date=2023-10-12}}</ref><ref>{{cite web | title=AB "Parex" bankas tapo AB "Citadele" banku | website=15min.lt/verslas | date=2010-08-26 | url=https://www.15min.lt/verslas/naujiena/finansai/ab-parex-bankas-tapo-ab-citadele-banku-662-112870 | language=lt | access-date=2023-10-12}}</ref>

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]].<ref>{{cite web |website=European Central Bank |title=List of supervised entities |date={{date|2023/01/01}} |url=https://www.bankingsupervision.europa.eu/ecb/pub/pdf/ssm.listofsupervisedentities202302.en.pdf }}</ref><ref>{{Cite web |title=European Central Bank takes over direct supervision of Citadele banka |url=https://eng.lsm.lv/article/economy/banks/european-central-bank-takes-over-direct-supervision-of-citadele-banka.a388465/ |access-date=2024-05-22 |website=eng.lsm.lv |language=en}}</ref>

In 2024 the CEO Johanas Åkerblomas was replaced by Rūta Ežerskienė.<ref>{{Cite web |last=Gapšys |first=Justinas |title="Citadele" bankui vadovaus R. Ežerskienė |url=https://www.vz.lt/rinkos/2024/05/20/citadele-bankui-vadovaus-r-ezerskiene |access-date=2024-05-22 |website=vz.lt |language=lt}}</ref>


== Name ==
== Name ==
Citadele (from the Italian word “[[citadel]]la”) literally means a small city, a powerful fortress, and the main fortification, the heart of the feudal city which also serves as the administrative and cultural centre. The headquarters of the Citadele Group is located at 2a Republic Square, [[Riga]].
The name Citadele is drawn from the Italian word “[[citadel]]la” meaning a small city, a powerful fortress, and the main fortification at the heart of the feudal city which also serves as the administrative and cultural centre. The headquarters of the Citadele Group is located at 2a Republic Square, [[Riga]].


==Ownership==
==Ownership==
An international group of investors represented by [[Ripplewood Holdings|Ripplewood Advisors LLC]] together with 12 reputable investors own 75% plus one of Citadele banka's shares after its re-privatization by the Latvian government. The [[European Bank for Reconstruction and Development]] (EBRD) continues to own 25% minus one of the bank's shares.
An international group of investors represented by [[Ripplewood Holdings|Ripplewood Advisors LLC]] together with 12 reputable investors own 75% plus one of Citadele banka's shares after its re-privatization by the Latvian government. The [[European Bank for Reconstruction and Development]] (EBRD) continues to own 25% minus one of the bank's shares.<ref>{{citation|title=RIPPLEWOOD AND LATVIAN PRIVATIZATION AGENCY SIGN AGREEMENT FOR SALE OF CITADELE BANK|date=5 November 2014 |url=https://www.cblgroup.com/en/media/press-releases/2014/33786/}}</ref>


== References ==
== References ==
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* https://www.citadele.ee/ Citadele banka in Estonia
* https://www.citadele.ee/ Citadele banka in Estonia
* https://www.citadele.lt/ Citadele bankas in Lithuania
* https://www.citadele.lt/ Citadele bankas in Lithuania
* https://www.apbank.ch/ Ap Anlage & Privatbank AG
* https://www.cblgroup.com/ Citadele Group
* https://www.cblgroup.com/ Citadele Group
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* [https://archive.today/20130119114924/http://www.citadelebank.com/en/ Citadele Banka]

== External links ==
⚫
* [https://archive.is/20130119114924/http://www.citadelebank.com/en/ Citadele Banka]


{{2008 economic crisis}}
{{2008 economic crisis}}

{{Authority control}}


[[Category:Banks of Latvia]]
[[Category:Banks of Latvia]]
[[Category:Banks established in 2010]]
[[Category:Banks established in 2010]]
[[Category:Companies based in Riga]]
[[Category:Companies based in Riga]]
[[Category:2010 establishments in Latvia]]
[[Category:Latvian companies established in 2010]]
[[Category:Banks under direct supervision of the European Central Bank]]


{{Latvia-company-stub}}
{{Europe-bank-stub}}

Latest revision as of 08:07, 23 June 2024

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]

Name

[edit]

The name Citadele is drawn from the Italian word “citadella” meaning a small city, a powerful fortress, and the main fortification at the heart of the feudal city which also serves as the administrative and cultural centre. The headquarters of the Citadele Group is located at 2a Republic Square, Riga.

Ownership

[edit]

An international group of investors represented by Ripplewood Advisors LLC together with 12 reputable investors own 75% plus one of Citadele banka's shares after its re-privatization by the Latvian government. The European Bank for Reconstruction and Development (EBRD) continues to own 25% minus one of the bank's shares.[15]

References

[edit]
  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.
  15. ^ RIPPLEWOOD AND LATVIAN PRIVATIZATION AGENCY SIGN AGREEMENT FOR SALE OF CITADELE BANK, 5 November 2014
[edit]
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