What information must be included in the power of attorney?

Banks are required to identify their clients.The power of attorney must include the following information about both the grantor and the authorized person: 

1. Name and surname or the name of the legal entity 
2. Personal identification number or another equivalent identification number (if the power of attorney is issued to or for an individual) or the registration number of the legal entity, or 
3. If there is no personal identification number: date of birth, place of birth, and the number, issuance date, and place of the identification document. 

Actions You Want to Assign to the Authorized Person: 

1. Carefully consider the scope of the tasks to be assigned before signing the power of attorney. 
2. The bank will not provide an expanded translation of the power of attorney’s content; any doubts about the extent of the authorization will be interpreted against the interests of the authorized person. When issuing the power of attorney, clearly and unambiguously specify the actions you are entrusting to the authorized person. 

Please note that, to ensure the financial security of its clients, Citadele may restrict the authorized person from performing certain specific actions under the power of attorney, such as obtaining a loan from the bank, entering into collateral agreements, or receiving payment for real estate purchases.