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''Citadele banka'' repays state EUR 46.6 million

2011.01.19 19:03

RIGA, Jan 18 (NOZARE.LV) - Today, joint-stock ''Citadele banka'' repaid EUR 46.6 million (LVL 32.8 million) deposit to the Finance Ministry six months before the repayment term, as the bank informed the business information portal ''Nozare.lv''. ''Citadele banka'' board chairman Juris Jakobsons points out that one of the bank's main priorities is the repayment of the state aid provided to the bank as soon as possible, which is being done. ''Thanks to the hard work of ''Citadele banka'' branches and the loyalty of our clients, we have been able to achieve better results than previously planned,'' said Jakobsons.

As reported, this past September, "Citadele banka", where most assets have been transferred from the joint-stock "Parex banka", repaid EUR 17.3 million deposit to the Ministry of Finance.

LETA also reported, on August 1 of last year, the technical split of "Parex banka" was performed, as a result part of assets and liabilities was transferred to "Citadele banka", including part of the Finance Ministry's deposits.

Raivis Spalvēns Nozare.lv

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Danish Chamber of Commerce in Latvia, Pils iela 11, Rīga, LV 1863, Latvia;
e-mail: dcc@dcc.lv, ph.: +371 22002977

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