Citadele Banka: A Leading Banking Institution in Latvia

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Citadele Banka is a well-established banking institution in Latvia. It was founded in 2001.

The bank offers a wide range of financial services to both individuals and businesses.

Citadele Banka has a strong presence in the Latvian market, with a significant number of branches across the country.

Services

At Citadele Banka, you can open a business current account that makes running your day-to-day business a breeze. You can make payments in several currencies, including USD, with their multi-currency accounts.

You can also easily link your account to your accounting program for wage payments and other transfers. This feature is super convenient for managing your finances.

To make payments and oversee your account, you can use the online bank and mobile app. This way, you can stay on top of your finances from anywhere. With Citadele's online banking and mobile app, you have complete control over your account.

You can also withdraw and deposit cash from their ATMs using their payment cards. This is especially useful when you need to make cash transactions.

On a similar theme: Bank Transfer Day

Ownership

Credit: youtube.com, advisory services Ownership

Citadele banka's ownership structure is quite interesting. An international group of investors, represented by Ripplewood Advisors LLC, owns 75% plus one of the bank's shares.

These investors, along with 12 reputable investors, were part of the bank's re-privatization by the Latvian government.

The European Bank for Reconstruction and Development (EBRD) still holds a significant stake, owning 25% minus one of the bank's shares.

Business Current Account

A business current account is a must-have for any company, and Citadele offers a fantastic option. You can make payments in several currencies, including USD, which is super convenient for international transactions.

If you're looking for a hassle-free experience, you can easily link your account to your accounting program for wage payments and other transfers. This saves you time and effort, allowing you to focus on what matters most – running your business.

One of the best things about Citadele's current account is that you can use it for both transfers and cash transactions, using their payment cards to withdraw and deposit cash from their ATMs. This gives you the flexibility you need to manage your business finances effectively.

Curious to learn more? Check out: Cassa Centrale Banca - Credito Cooperativo Italiano

Credit: youtube.com, Best Bank Accounts For Small Business (November 2024)

You can also make payments and oversee your account using the online bank and mobile app, which is super convenient for busy business owners like you. No more scrambling to find a physical bank branch or dealing with long phone lines.

If you're not yet a Citadele customer but can represent your company alone, you can fill out the application and questionnaire remotely. All you need is a qualified SmartID, eID, or eSignature MOBILE for identification and signing the application.

Here are some key benefits of Citadele's current account:

  • Multi-currency accounts for easy international transactions
  • Easy linking to accounting programs for seamless transfers
  • Convenient online and mobile banking for payments and account management
  • Remote application and questionnaire process for easy onboarding

Ready to Apply?

So you're ready to apply for Citadele Bank's services? It takes an average of 20 minutes to complete the application.

To apply remotely, you'll need to choose the most advantageous service plan for your company. This will determine the set of services you'll have access to.

Here are some of the services you'll be able to use, depending on the type of plan you choose:

  • A certain number of free SEPA transfers (depending on the type of plan)
  • A certain number of free current accounts.
  • A certain number of free C Business cards with an account in the first year of service.
  • Unlimited number of free intrabank transfers.
  • Unlimited Mastercard Business Debit cards for free.

To become a customer using an application on the Citadele website, your company must meet certain criteria. Your company must be a limited liability company (SIA), individual merchant (IK), farm undertaking or fishery undertaking (ZS), and active and registered in the Register of Enterprises of the Republic of Latvia.

Frequently Asked Questions

Who is the owner of Citadele Banka?

Citadele Banka is owned by an international group of investors led by Ripplewood Advisors LLC, holding 75% plus one of its shares. The bank was re-privatized by the Latvian government.

What is citadele bic?

The BIC (Bank Identifier Code) for Citadele Banka in Latvia is PARXLV22 XXX. This unique code is used for international transactions and is also known as a SWIFT code.

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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