As of January 4 this year, the successful closing of Citadele’s acquisition of SIA UniCredit Leasing in the Baltics has taken place and SIA UniCredit Leasing is now part of the Citadele Group. 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 SIA Citadele Leasing in January. Hereafter the Estonian unit will be named as SIA Citadele Leasing Estonian branch.
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 Leasing in all three Baltic countries.
“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.
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.
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.