Posts tagged as Citadele bank

Citadele bank buys ABLV’s mortgage portfolio

Friday, March 12, 2021

Citadele bank on March 12 announced the acquisition of the majority of the mortgage portfolio owned by ABLV bank, which is already into the third year of its lengthy liquidation procedure. “The portfolio consists of several thousand mortgage loans with a total exposure above EUR 170 million. Given the materiality of the deal, the planned completion date is in the second half of this year, and all customers affected will be contacted in…

Citadele bank HQ in Rīga bought by Lithuanian investment fund

Thursday, November 12, 2020

The business center that hosts the headquarters of Citadele bank has changed hands with the help of a 27 million euro loan from rival bank SEB. Lithuanian investment fund Lords LB Baltic Green Fund (V) has purchased the business centre in what is described as “the largest transaction in Riga’s office space market in 2020.” According to Marius Junda, Lords LB Baltic Green Fund (V)’s Manager, this investment will strengthen the fund’s…

Latvia: Regulator fines Citadele bank nearly 650,000 euros

Monday, May 4, 2020

Latvia’s financial regulator, the Financial and Capital Market  Commission (FKTK) said April 30 it is fining retail bank Citadele nearly 650,000 euros for failures in its approach to countering money laundering. “In 2018, the FKTK carried out a regular on-site inspection of the Bank, identifying certain shortcomings in the field of anti- money laundering, counter-terrorism and counter-proliferation financing (AML/CTF/CPF),” FKTK said. “The Bank had not provided for sufficient operation of individual…