AS “Citadele banka” Management Board has approved the plans to launch Citadele’s Third Unsecured Subordinated Bonds Programme and issue new Subordinated Bonds in the amount of up to EUR 30 million. Proceeds from the offer are to be used by Citadele for its general business development, and to strengthen further Citadele Group’s capital base.

More detailed information will follow after the approval of the base prospectus by Citadele’s Management Board and the Financial and Capital Market Commission of Latvia.

         Ilona Frīdmane
         Head of Investor Relations
         Telephone: +371 67010183
         E-mail: IR@citadele.lv
         
         Mihails Goļevs
         Head of Financial Institutions Division
         Phone: +371 6 7778585
         IR@citadele.lv