AB „Citadele” bankas

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. AB „Citadele” bankas operates as a subsidiary of Citadele Banka (Latvia).

Financials

Total Assets (2017)
541.92 mln EUR  (+7.61%)
Net Income (2017)
2.68 mln EUR  (+7.63%)

In 2017 total assets of AB „Citadele” bankas were 541,92 mln EUR. In 2017 the bank's net income was 2,68 mln EUR.

AB „Citadele” bankas participates in deposit guarantee scheme of Lithuania. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

K. Kalinausko g. 13, 03107, Vilnius, Lithuania
(8 5) 266 4600
(8 5) 266 4601

AB „Citadele” bankas is headquartered in Vilnius.

Bank Identifiers

BIC (SWIFT)
INDULT2XXXX
MFI ID
LT112021619
Bank Sort Code
72900

Financial Positions

Total Assets (2017)
541.92 mln EUR  (+7.61%)
Total Equity (2017)
52.72 mln EUR  (+5.49%)

In 2017 total assets of AB „Citadele” bankas were 541.92 mln EUR. Growth compared to the previous period (2016) was 7.61%. The evolution of the total assets of AB „Citadele” bankas is shown at Chart 1 below.

Total Assets of AB „Citadele” bankas.

Chart 1. Total Assets of AB „Citadele” bankas.

Recent changes in total assets of AB „Citadele” bankas and its main components are shown in Table 1.

2016 2017 % change
Cash and deposits with Central Banks 5.5 5.2 -6.19%
Loans 278.0 254.6 -8.42%
Bonds and other fixed-income securities 175.8 195.3 +11.12%
Total Assets 503.6 541.9 +7.61%
Table 1. Recent changes in total assets of AB „Citadele” bankas (mln EUR).

Recent changes in total liabilities of AB „Citadele” bankas and its main components are shown in Table 2.

2016 2017 % change
Deposits 419.7 453.1 +7.97%
Total Liabilities 503.6 541.9 +7.61%
Table 2. Recent changes in total liabilities of AB „Citadele” bankas (mln EUR).

Profit and Loss

Net Income (2017)
2.68 mln EUR  (+7.63%)

In 2017 net income of AB „Citadele” bankas was 2.68 mln EUR. Growth compared to the previous period (2016) was 7.63%. The evolution of the net income of AB „Citadele” bankas is shown at Chart 2 below.

Net Income of AB „Citadele” bankas.

Chart 2. Net Income of AB „Citadele” bankas.

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 credit institutions operating in Lithuania are obliged to participate in Lithuanian deposit guarantee scheme.

In the case of AB „Citadele” bankas failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all deposit accounts
Covered Currencies  all
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 AB „Citadele” bankas and its components are shown in the table below.

BIC  INDULT2XXXX
Bank BIC Code  INDU
Country Code  LT (Lithuania)
Location Code  2X
Branch Code  XXX

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 AB „Citadele” bankas is shown in the table below.

MFI ID  LT112021619

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  72900

European Presence: 4 banks in 3 countries

AB „Citadele” bankas 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

Latvia

Lithuania

Banking Products in Lithuania