Citadele banka will soon take over Danske Bank personal loans in Latvia

Dear Customers,

We are pleased to inform you that Citadele banka and Danske Bank have signed an agreement according to which Citadele banka purchases our personal loan portfolio in Latvia.

According to this agreement, and pursuant to section 59.2(1) and (2) of the Latvian Credit Institution Law, Citadele banka will take over the servicing of our personal customers’ loans. Loan agreements will remain valid under the current terms and conditions.

The transfer of loans will expectedly take place in February 2020 and will affect approximately 60 customers upon acceptance from the Finance and Capital Market Commission of Latvia.

This letter is for your information only and customers do not have to take any actions.

In case you have any questions to the transfer, please call us at + 371 67 959 599 (Mon-Fri 09:00-17:00).