OREANDA-NEWS. July 06, 2010. Citadele Bank is currently in the making and is planning to start operating after 1 August. All customers of the existing Parex banka will become customers of the new Citadele Bank. The splitting of the bank will in no way affect the cooperation routine between the bank and its customers, including the use of issued payment cards and bank account management. The new bank will provide all the usual services to American Express cardholders, as well as holders of other cards issued by the bank, reported the press-centre of Parex Banka.

The transfer of customers to the new bank will be automatic, ensuring uninterrupted continuity of cooperation between the bank and its customers. There will be no changes to product terms and conditions and customers can expect the same high level of service to be provided.

The new bank will have a robust financial footing, enabling it to successfully attract a strategic investor and repay the funds invested by the state in the shortest time possible;

We will successfully operate without requiring further state aid, will be profitable and offer our customers the necessary lending services;

We will continue servicing all the existing customer accounts, similarly maintaining all depositor guarantees and previously ensured advantages.