Citadele banka
Citadele banka is a Latvian commercial bank that provides financial services including retail, corporate, and private banking primarily within the Baltic region. Established in 2010 following the restructuring of Parex Banka, it operates as a significant financial institution in Latvia with subsidiaries in Lithuania and Estonia.
Brand Identity Data
HQ Country
Latvia
HQ City
Riga
Founded
2010
EU Headquartered
Yes
EU Manufactured
Yes
Ownership Type
private
Stock Exchange
Private
Tax Domicile
LV
Ultimate Parent
RA Citadele Holdings LLC (controlled by Ripplewood Advisors LLC)
Data Hosting
LV
CLOUD Act Exposure
Yes ⚠️
GDPR Status
compliant
B Corp Certified
No
Repair / Recycling
No
Ethical Certifications
None verified
Verified on October 15, 2026
Corporate Lineage
2010
Establishment
Citadele banka was established following the restructuring of the state-owned Parex Banka.
2015
Privatization
The Latvian government sold its stake in Citadele to an investor group led by Ripplewood Advisors.