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 was the exclusive cooperation partner of American Express in Latvia and Lithuania, possessing the right to issue American Express payment cards until 1 December 2016. 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. More information...
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