Citadele_banka
Citadele Banka
Bank based in Riga, Latvia
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.
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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]