Created by Anna Mileiko 
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 business banking products and services to domestic and international clients. Citadele Banka aims to become the primary bank of choice for retail and small business customers across the Baltics, and will continue to improve products and services for clients in the corporate and private capital management segments.
AS Citadele banka Eesti filiaal operates as a branch of AS "Citadele banka" (Latvia).
In 2023, AS Citadele banka Eesti filiaal achieved the position of 9th largest bank in Estonia with a market share of 0.52%; its total assets grew by 11.49%.
Additionally, the bank became the 3rd profitable bank in relation to its total assets showcasing 3.69% return on assets and 69.76% return on equity in 2023.
Also the lender held the 1st position regarging its loans-to-deposits (L/D) registering 103.69% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Latvian deposit guarantee scheme in AS Citadele banka Eesti filiaal.
Estonia
Becoming a client of AS Citadele banka Eesti filiaal can be done in a few steps:
branch
online banking
mobile app
SMS service
AS Citadele banka Eesti filiaal ranks as the 9th largest bank in Estonia by total assets. In 2023 its total assets were 271.30 mln EUR, representing a 0.52% market share. In 2023 the bank's net income was 9.49 mln EUR.
AS Citadele banka Eesti filiaal protects deposits up to up to 100,000 EUR per depositor through Latvia's deposit guarantee scheme. The scheme applies to current accounts, deposit accounts made by natural persons (Latvian and foreign), legal entities (Latvian and foreign). The bank participates in the Deposit Guarantee Fund (DGF), making regular contributions into it.
Narva mnt 63/1, 10120, Tallinn, Estonia
+372 770 0000AS Citadele banka Eesti filiaal is located in Tallinn.
AS Citadele banka Eesti filiaal has profiles at the following social networks:
EstoniaVisaAS Citadele banka Eesti filiaal provides products and services in the areas of retail banking, private banking, business banking. AS Citadele banka Eesti filiaal offers a range of products including current accounts, debit cards, savings accounts, time deposit accounts, credit cards, consumer loans, mortgage loans, leasing, factoring, investment loans, overdrafts. AS Citadele banka Eesti filiaal makes its solutions available to domestic natural persons, domestic business entities.
Opening an account with AS Citadele banka Eesti filiaal can be done by performing the following steps: submit online application.
branch online banking mobile app SMS serviceProducts and services offered by AS Citadele banka Eesti filiaal are available at its branches and via its online banking system, mobile application, SMS service.
In 2023 total assets of AS Citadele banka Eesti filiaal were 271.30 mln EUR. Growth compared to the previous period (2022) was 11.49%. The evolution of the total assets of AS Citadele banka Eesti filiaal is shown at Chart 1 below.
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.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 0.7 | 7.6 | +990.79% |
| Loans | 234.9 | 263.0 | +11.95% |
| Total Assets | 243.3 | 271.3 | +11.49% |
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.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 230.7 | 253.6 | +9.92% |
| Total Liabilities | 243.3 | 271.3 | +11.49% |
Table 2. Recent changes in total liabilities of AS Citadele banka Eesti filiaal (mln EUR).
Recent changes in gross profit of AS Citadele banka Eesti filiaal and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 7.5 | 17.1 | +127.85% |
| Interest Charges | -0.1 | -0.5 | +568.57% |
| Commission Income | 0.4 | 0.4 | -7.25% |
| Commission Charges | -0.3 | -0.5 | +71.48% |
Table 3. Recent changes in gross profit of AS Citadele banka Eesti filiaal (mln EUR).
In 2023 net income of AS Citadele banka Eesti filiaal was 9.49 mln EUR. Growth compared to the previous period (2022) was 388.07%. The evolution of the net income of AS Citadele banka Eesti filiaal is shown at Chart 2 below.
Chart 2. Net Income of AS Citadele banka Eesti filiaal.
In 2023 AS Citadele banka Eesti filiaal was ranked the 9th largest bank in Estoniain terms of total assets, having 0.52% of the domestic market share. AS Citadele banka Eesti filiaal also became # 9 in terms of loans (market share - 0.68%), # 9 in terms of deposits (market share - 0.55%).
Chart 3. Market share of AS Citadele banka Eesti filiaal (among banks in Estonia)
Historical changes in AS Citadele banka Eesti filiaal's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 9 | 0.52 % |
| 2022 | 9 | 0.50 % |
| 2021 | 9 | 0.41 % |
| 2020 | 9 | 0.42 % |
| 2019 | 9 | 0.72 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to AS Citadele banka Eesti filiaal listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 8 |  | 1.74% | 907.71 mln EUR (+6.84%) |
| 9 | | 0.52% | 271.30 mln EUR (+11.49%) |
| 10 |  | 0.36% | 185.97 mln EUR (+40.81%) |
Discover key identifiers of AS Citadele banka Eesti filiaal including its BIC, company number, MFI ID.
BIC: PARXEE22
The BIC (also known as SWIFT code) for AS Citadele banka Eesti filiaal is PARXEE22. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | PARXEE22 |
| Bank BIC Code | PARX |
| Country Code | EE (Estonia) |
| Location Code | 22 |
| Branch Code | - |
Company Registration Number: 11971924
AS Citadele banka Eesti filiaal is registered in Estonia under company number 11971924. Company Registration Number is a distinctive code issued upon registration of a new company. Company number can be used to find data about the company in a national company register.
| Key | Value |
|---|---|
| Company Number | 11971924 |
MFI ID: EE11971924
AS Citadele banka Eesti filiaal’s MFI ID, EE11971924, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Estonia (EE), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | EE11971924 |
| Country Code | EE |
| MFI Code | 11971924 |
TheBanks.eu identified several banks similar to AS Citadele banka Eesti filiaal based on various criteria, including:
