Citadele Bank

SIA UniCredit Leasing in the Baltics Becomes Citadele Leasing

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SIA UniCredit Leasing is rebranded to Citadele Leasing and is part of the Citadele Group. As of January 4, this year, the successful closing of Citadele’s acquisition of SIA UniCredit Leasing in the Baltics has taken place. With this Citadele continues its road towards becoming the Baltic champion within financial services. SIA Citadele Leasing will build on the long-standing industry knowledge, top professionals, excellent client service and the most modern digital solutions of UniCredit Leasing and Citadele in all three Baltic countries.

As per January 4 SIA UniCredit Leasing and its subsidiary SIA UniCredit Insurance Broker have become part of the Citadele Group, completing the acquisition that was signed in December 2019.

The deal between AS Citadele Banka and UniCredit S.p.A. involves a name and brand change for SIA UniCredit Leasing, as a result of which SIA UniCredit Leasing will become Citadele Leasing in February. SIA UniCredit Insurance Broker is re-named to SIA CL Insurance Broker.

The name changes will not impact existing clients of SIA UniCredit Leasing and SIA UniCredit Insurance Broker. All contracts and other obligations will remain in force in accordance with existing terms and conditions.

“With Citadele Leasing, we are strengthening our positions and will significantly increase our market share in the Baltic leasing market. Our plans include continuing the successful development of our leasing products, becoming the leading leasing player, and providing the best client and partner service in the Baltics. The clients will also enjoy the benefits from the rest of the Group. The biggest winners of this will be our clients and business partners,” emphasises Johan Åkerblom, Citadele’s CEO.

About Citadele Leasing

Citadele Leasing is the subsidiary of the Citadele Group with branches in Estonia and Lithuania, offering a full range of leasing services to individuals and companies in the Baltics. The company unites longstanding industry knowledge, top professionals, excellent customer service and the most up-to-date digital tools of SIA UniCredit Leasing and Citadele.

About the Citadele Group

Citadele’s mission is to modernise the banking sector and offer more opportunities to clients and businesses throughout the Baltics.

Citadele is the second largest bank in Latvia by assets. The Citadele group is managed from Latvia. Its subsidiaries and branches operate in Latvia, Lithuania and Estonia. In 2019, one of Central and Eastern Europe’s leading customer service evaluation and improvement companies—Dive GROUP—recognised Citadele as the bank with the best customer service in Latvia and the second best in Lithuania.

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