Citadele acquisition of SIA UniCredit Leasing in the Baltics has been completed


As of 4 January 2021, transaction between AS Citadele banka and UniCredit S.p.A. has been completed. Citadele has become the 100% owner of SIA UniCredit Leasing (including its Estonian and Lithuanian branches), along with its 100% owned subsidiary SIA UniCredit Insurance Broker (including its Estonian branch).

Active leasing and loan agreements, signed with SIA UniCredit Leasing, as well as all existing obligations of SIA UniCredit Leasing will remain in force in accordance with their current terms and conditions.

The Bank will provide more details on the transaction in the coming weeks.

About Citadele Bank

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

Alongside classic banking services, Citadele offers its clients a range of services based on next-generation financial technology, including its modern app, contactless payments and instant payments, and finally, being the first in the Baltics to introduce opening an account with a selfie, payment rings and payments to mobile numbers.

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.