Citadele’s profit dried up by a quarter

The profit of the Latvian bank Citadele for the nine months of this year was a quarter lower than the result of the same period last year.

  • Citadele headquarters in Riga. Photo: Reuters/Scanpix

According to the stock exchange announcement, Citadele earned 174.7 million in revenue in nine months, which is 0.4 million more than in the same period last year. The bank’s net profit after tax was 75.1 million this year, 75% of last year.

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Source: www.aripaev.ee