AS Citadele banka Eesti filiaal

Citadele Banka is a Latvian bank, establlished in 2010 when good assets of Parex Bank were transferred to the newly created Citadele Banka. Citadele Banka provides retail and corporate banking products and services to domestic and international clients. AS Citadele banka Eesti filiaal operates as a branch of AS "Citadele banka" (Latvia).

Bank Category

Branches of foreign banks

Financials

Total Assets (2017)
178.38 mln EUR  (-21.66%)
Net Income (2017)
1.48 mln EUR  (-43.32%)

AS Citadele banka Eesti filiaal is the 11th largest bank in Estonia in terms of total assets. In 2017 its total assets were 178,38 mln EUR, providing the bank with the market share of 0.71%. In 2017 the bank's net income was 1,48 mln EUR.

AS Citadele banka Eesti filiaal participates in deposit guarantee scheme of Latvia. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Narva mnt 63/1, 10152, Tallinn, Estonia
+372 770 0000

AS Citadele banka Eesti filiaal is located in Tallinn.

Bank Identifiers

BIC (SWIFT)
PARXEE22
MFI ID
EE11971924
Company Number
11971924

Financial Positions

Total Assets (2017)
178.38 mln EUR  (-21.66%)
Total Equity (2017)
198 000.00 EUR

In 2017 total assets of AS Citadele banka Eesti filiaal were 178.38 mln EUR. Decline compared to the previous period (2016) was -21.66%. The evolution of the total assets of AS Citadele banka Eesti filiaal is shown at Chart 1 below.

Total Assets of AS Citadele banka Eesti filiaal.

Chart 1. Total Assets of AS Citadele banka Eesti filiaal.

Recent changes in total assets of AS Citadele banka Eesti filiaal and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 130.1 27.0 -79.22%
Loans 96.7 112.0 +15.83%
Total Assets 227.7 178.4 -21.66%
Table 1. Recent changes in total assets of AS Citadele banka Eesti filiaal (mln EUR).

Recent changes in total liabilities of AS Citadele banka Eesti filiaal and its main components are shown in Table 2.

2016 2017 % change
Deposits 226.9 177.8 -21.66%
Total Liabilities 227.7 178.4 -21.66%
Table 2. Recent changes in total liabilities of AS Citadele banka Eesti filiaal (mln EUR).

Profit and Loss

Net Income (2017)
1.48 mln EUR  (-43.32%)

Recent changes in gross profit of AS Citadele banka Eesti filiaal and its main components are shown in Table 3.

2016 2017 % change
Interest Income 4.3 5.9 +38.54%
Interest Charges -1.3 -1.2 -6.29%
Commission Income 2.0 1.4 -31.02%
Commission Charges -0.2 -0.2 +2.93%
Table 3. Recent changes in gross profit of AS Citadele banka Eesti filiaal (mln EUR).

In 2017 net income of AS Citadele banka Eesti filiaal was 1.48 mln EUR. Decline compared to the previous period (2016) was -43.32%. The evolution of the net income of AS Citadele banka Eesti filiaal is shown at Chart 2 below.

Net Income of AS Citadele banka Eesti filiaal.

Chart 2. Net Income of AS Citadele banka Eesti filiaal.

Market Share and Rank (among banks in Estonia)

Total Assets (2017)
11th (market share 0.71%)
Loans (2017)
10th (market share 0.61%)
Deposits (2017)
11th (market share 0.83%)

In 2017 AS Citadele banka Eesti filiaal was ranked the 11th largest bank in Estonia in terms of total assets, having 0.71% of the domestic market share.

Market share of AS Citadele banka Eesti filiaal (among banks in Estonia)

Chart 3. Market share of AS Citadele banka Eesti filiaal (among banks in Estonia)

Several banks having the market shares and ranks closest to AS Citadele banka Eesti filiaal are shown below.

RankNameTotal AssetsMarket Share
10TALLINNA ÄRIPANGA AS231.85 mln EUR0.92%
11AS Citadele banka Eesti filiaal178.38 mln EUR0.71%
12Svenska Handelsbanken AB Eesti filiaal146.76 mln EUR0.58%
 

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All branches of foreign banks operating in Estonia participate in deposit guarantee schemes of their home countries. This means that AS Citadele banka Eesti filiaal participates in the deposit guarantee scheme of Latvia.

In the case of AS Citadele banka Eesti filiaal failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  deposits, current account balance, salary accounts, savings accounts etc.
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of AS Citadele banka Eesti filiaal and its components are shown in the table below.

BIC  PARXEE22
Bank BIC Code  PARX
Country Code  EE (Estonia)
Location Code  22
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of AS Citadele banka Eesti filiaal is shown in the table below.

MFI ID  EE11971924

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  11971924

European Presence: 3 banks in 3 countries

AS Citadele banka Eesti filiaal operates under the brand name Citadele Banka. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Estonia

  • (this bank) AS Citadele banka Eesti filiaal (Tallinn)

Latvia

Lithuania

Banking Products in Estonia