Citadele Banka

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title: "Citadele Banka" type: doc version: 1 created: 2026-02-28 author: "Wikipedia contributors" status: active scope: public tags: ["banks-of-latvia", "banks-established-in-2010", "companies-based-in-riga", "latvian-companies-established-in-2010", "banks-under-direct-supervision-of-the-european-central-bank"] description: "Bank based in Riga, Latvia" topic_path: "general/banks-of-latvia" source: "https://en.wikipedia.org/wiki/Citadele_Banka" license: "CC BY-SA 4.0" wikipedia_page_id: 0 wikipedia_revision_id: 0

::summary Bank based in Riga, Latvia ::

::data[format=table title="Infobox company"]

Field	Value
name	Banka Citadele AS
logo	Citadele logo RGB.png
logo_size	180px
image	Green Hall Complex in Vilnius by Augustas Didžgalvis.jpg
image_caption	Lithuanian headquarters in Vilnius
foundation	30 June 2010
location_city	Riga
location_country	Latvia
key_people	Guntis Beļavskis
industry	Banking
products	Financial services, Insurance
assets	€5.4 billion (2022)
operating_income	€233.9 million (2023)
net_income	€110.4 million (2023)
num_employees	1,500
owners	Ripplewood Holdings (75%)
European Bank for Reconstruction and Development (25%)
homepage	www.citadele.lv
footnotes
::

| name = Banka Citadele AS | logo = Citadele logo RGB.png | logo_size = 180px | vector_logo = | image = Green Hall Complex in Vilnius by Augustas Didžgalvis.jpg | image_size = | image_caption = Lithuanian headquarters in Vilnius | type = | foundation = 30 June 2010 | founder = | location_city = Riga | location_country = Latvia | location = | origins = | key_people = Guntis Beļavskis | area_served = | industry = Banking | products = Financial services, Insurance | market cap = | assets = €5.4 billion (2022) | equity = | revenue = | operating_income = €233.9 million (2023) | net_income = €110.4 million (2023) | num_employees = 1,500 | parent = | subsid = | owners = Ripplewood Holdings (75%) European Bank for Reconstruction and Development (25%) | caption = | homepage = www.citadele.lv | dissolved = | footnotes =

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.

Name

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

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.

References

References

1. "History". Citadele Group.
2. "Annual report 2022".
3. (2023-09-11). "Investor relations".
4. (2020-11-12). "Citadele bank HQ in Rīga bought by Lithuanian investment fund".
5. (2020-03-13). "Citadele Bank is moving its Lithuanian headquarters to Green Hall business valley".
6. "Annual report 2023".
7. "JSC "Citadele banka"".
8. (2021-11-19). ""Citadele" vadovas Akerblomas: ambicijos yra gerai, o štai godumas – blogai ir jį labai sunku reguliuoti".
9. Informacija, Ekonomikos Ir Finansų. (2010-08-26). ""Parex" banko pavadinimas pakeistas į naują".
10. (2012-03-06). "AB "Citadele" banko inspektavimo rezultatų ir priežiūrinio tikrinimo ir vertinimo rezultatai".
11. (2010-08-26). "AB "Parex" bankas tapo AB "Citadele" banku".
12. ({{date). "List of supervised entities".
13. "European Central Bank takes over direct supervision of Citadele banka".
14. Gapšys, Justinas. ""Citadele" bankui vadovaus R. Ežerskienė".
15. (5 November 2014). "RIPPLEWOOD AND LATVIAN PRIVATIZATION AGENCY SIGN AGREEMENT FOR SALE OF CITADELE BANK".

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