Protection of depositor interests

In accordance with the Deposit Guarantee Law, your deposits at the bank are protected through a government deposit protection system. If a bank becomes insolvent, loses its license, or other circumstances stipulated in the law come into effect, your deposits (both as a private and legal entity) will be repaid as stipulated in the Deposit Guarantee Law. 

Guaranteed compensation is equal to your deposit sum, but no greater than 100 000 EUR. In some exceptional cases, compensation may be up to 200 000 EUR. This means that your deposit at Citadele is protected, and you are guaranteed compensation within the circumstances described in the law. The law also stipulates cases in which guaranteed compensation is not paid. 

More information on the amount of guaranteed compensation, how and in what time frame the money is paid, the possibility of set-off of liabilities resulting from claims, and contact information for the deposit guarantee fund, is available "Basic information on state-guaranteed deposit protection." 

More information on deposit protection is available through the Latvijas Banka website.

Latvijas Banka address: K.Valdemāra iela 2A, Riga, LV-1050, phone number: 6702 2300 .