Igors Jermackovs

Citadele banka

Citadele is a full-service financial group for both private individuals and companies offering complete portfolio of banking. Citadele provides the financial and private capital management services through its affiliates IPAS "CBL Asset Management", AAS "CBL Life" and AS "CBL Atklātais pensiju fonds". The Citadele bank is the parent company of the group. The core market of Citadele Group is the Baltic states - Latvia, Lithuania and Estonia. The bank is recognized as the best-governed state-owned enterprise in the Baltic states according to a study conducted by the Baltic Institute of Corporate Governance. Citadele's vision is to become the most valuable local financial group in the Baltic states. An international group of investors represented by Ripplewood Advisors LLC owns 75% plus one of Citadele banka's shares. The European Bank for Reconstruction and Development (EBRD) owns the remaining 25% minus one of the bank's shares. Additional information: www.citadele.lv