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Dace Priede becomes the Chairwoman of the Board and the Head of Administration of Citadele Bank in Lithuania

01.12.2016.

Starting from December 1 this year, Dace Priede takes up a position of the Chairwoman of the Board and the Head of Administration of Citadele Bank in Lithuania. Previously, Dace Priede acted as a member of the Board and Chief Business Officer (CBO) of Citadele Bank.

Dace Priede appointed as the new Chairwoman of the Board by the Supervisory Board of the bank joined the Board of Citadele Bank in January, 2016, and acted as its Chief Business Officer. She has been working for Citadele Group since 2008. Dace Priede studies Executive MBA in Riga Technical University and holds degrees in law and psychology from the University of Latvia.

At the beginning of this year, as Dace Priede joined the Board of Citadele Bank while holding the position of the Chief Business Officer, the bank implemented bold solutions and offered various new products to its customers. During 9 month this year new payment cards issued by Citadele Bank increased 84,22 % in comparison with the same period last year. A number of new customers grew up 72,4 %; new lending increased 79,35 %; in the business segment the loan portfolio increased 47,86 %. The increase of corporate term deposits at the end of September this year was 70,56 % in comparison with the same period in 2015; the increase of retail demand deposits was 64,14 %.

Managed by Dace Priede, Citadele Bank will continue to introduce innovations and improve its services with the aim of implementing the new strategy of the bank launched after the changes to the list of shareholders of Citadele Group in 2015.

The vision of Citadele Group is to become the best provider of financial services to individual clients as well as small and medium businesses in the Baltic states.

AS Citadele Banka in Latvia is the sole shareholder of Citadele Bank in Lithuania. The shareholders of the Citadele Group are an international group of investors with substantial international experience in the banking sector. 75 % plus one share are held by an international group of investors, represented by Ripplewood Advisors LLC, while the remaining shares are held by the European Bank for Reconstruction and Development.