AS Citadele banka is a Latvian bank and financial and asset manager.

[7][8] The principal market of operation for the Citadele Group is the Baltic States.

Citadele banka is the parent company of a Group offering banking, financial and private capital management services in its home market and through its international presence.

Parex was privately founded 1992 and taken over by the Latvian government on 8 November 2008 during the Financial crisis of 2007–2010.

[14] The name Citadele is drawn from the Italian word “citadella” meaning a small city, a powerful fortress, and the main fortification at the heart of the feudal city which also serves as the administrative and cultural centre.