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.
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.[9][10][11]