Citadele’s Loan Portfolio Grows 12%

Latvia-based Citadele reported a 12% year-on-year increase in its loan portfolio to €4.12 billion at the end of September 2026, while its nine-month profit remained broadly unchanged.

Net profit from continuing Baltic operations reached €63.4 million in January–September, compared with €63.8 million a year earlier. Third-quarter profit increased to €23.6 million from €20.4 million.

The bank provided €1.2 billion in new financing during the first nine months, including €446 million in the third quarter, up 9% year on year. Of the nine-month total, €89.9 million went towards green and transition financing.

Customer deposits reached €4.45 billion at the end of September, up 9% year on year, while the non-performing loan ratio stood at 1.8%.

Citadele operates across Latvia, Lithuania and Estonia.