# Citadele Bank

> Source: https://docs.barcoder.ai/docs/wallets/citadele-bank
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Citadele — official](https://www.citadele.lv/)

## Overview

**Citadele Bank** is **Latvian commercial bank + Pan-Baltic banking** + **Ripplewood Holdings + EBRD + IDH controlling post-2010 Parex Bank good-bank spin-off** + **one of largest Latvian commercial banks + Pan-Baltic banking** <sup>[1][1], [Latvia report](https://docs.barcoder.ai/docs/payments/LV)</sup>. **2025 baseline**: Citadele Latvian commercial bank + Pan-Baltic banking + Ripplewood Holdings + EBRD + IDH controlling + one of largest Latvian commercial banks.

## History

**1992 — Parex banka founded in Latvia** distinctive Latvian banking heritage.

**Aug 2010 — Citadele Banka founded as good-bank spin-off of Parex Bank post-2008 financial crisis** distinctive Latvian banking restructuring heritage.

**Aug 2014 — Ripplewood Holdings (Tim Collins US private equity) + EBRD + International Diversified Holdings IDH acquire Citadele Bank from Latvian government for €148M** distinctive Latvian banking privatization.

**2014 — Citadele mobile banking app launch** distinctive Latvian mobile banking strategy.

**2021 — Citadele Bank Lithuanian subsidiary + Estonian subsidiary Pan-Baltic banking expansion**.

## Ownership & operator

**Operating entity**: **Citadele Banka AS** (Latvian commercial bank + Pan-Baltic banking; Ripplewood Holdings + EBRD + IDH controlling post-2010 Parex Bank good-bank spin-off).

**Major shareholders**: **Ripplewood Holdings (Tim Collins US private equity) + EBRD + International Diversified Holdings IDH + Latvian retail + institutional + foreign investors**.

**Regulators**: **Latvijas Banka + ECB + Finantsinspektsioon Estonia + Lietuvos bankas Lithuania**.

## Technical integration

Citadele mobile banking app (iOS + Android) + citadele.lv online + Citadele branch network across Latvia + Estonia + Lithuania + Citadele Visa + Mastercard cards; SEPA + SEPA Instant + EPC-QR.

## Implementations & partners

**Major Latvian + Pan-Baltic banking competitors**: [Swedbank (Sweden + Baltic)](https://docs.barcoder.ai/docs/wallets/swedbank) (Swedbank Sweden + Latvia + Lithuania + Estonia operations) + [SEB (Skandinaviska Enskilda Banken)](https://docs.barcoder.ai/docs/wallets/seb-bank) (Skandinaviska Enskilda Banken SEB + Latvia + Estonia + Lithuania operations) + [Luminor Bank](https://docs.barcoder.ai/docs/wallets/luminor-bank) (Luminor Bank Pan-Baltic Nordea+DNB spinoff; Blackstone acquired 2019) + [LHV Pank (Estonia)](https://docs.barcoder.ai/docs/wallets/lhv-bank) (LHV Pank Estonia's largest domestically-owned bank + UK BaaS provider) + BluOr Bank (BluOr Bank Latvian commercial bank).

**Regulators**: Latvijas Banka + ECB + Finantsinspektsioon Estonia + Lietuvos bankas Lithuania.

## Status

**Active, Latvian commercial bank + Pan-Baltic banking + Ripplewood Holdings + EBRD + IDH controlling + one of largest Latvian commercial banks** <sup>[1][1], [2][2]</sup>:
- **Citadele Banka AS** since 1992 Parex banka founding + Aug 2010 Citadele Banka founded as good-bank spin-off of Parex Bank + Aug 2014 Ripplewood Holdings + EBRD + IDH acquire Citadele Bank from Latvian government for €148M + 2014 Citadele mobile banking app launch + 2021 Pan-Baltic banking expansion.
- **Latvijas Banka + ECB + Finantsinspektsioon Estonia + Lietuvos bankas Lithuania regulated**.

## Sources

[1]: https://www.citadele.lv/en "Citadele — official"
[2]: https://en.wikipedia.org/wiki/Citadele_Banka "Citadele Banka — Wikipedia"
[lv-cro]: https://docs.barcoder.ai/docs/payments/LV

- [1] [Citadele — official][1]
- [2] [Citadele Banka — Wikipedia][2]
- <sup>[Latvia report](https://docs.barcoder.ai/docs/payments/LV)</sup> In-corpus: `reports/countries/LV-latvia.md`

## Source

Biography extracted from [citadele-bank.md](https://docs.barcoder.ai/source/wallets/citadele-bank). See `matrix.md` for standards-support matrix if present.