On 24 June 2020, Citadele borrowed via the ECB's latest TLTRO III operation EUR 440 million for the 3-year term. Loan maturity date is on 28 June 2023 with early repayment option starting on 29 September 2021.

Bank’s total borrowing allowances for TLTRO-III operations are set at EUR 452.96 million. Interest rate on TLTRO III is -0.5% from 24 June 2020 to 23 June 2021 and for banks meeting the lending thresholds, the interest rate can be as low as -1%.

         Natalija Fokina
         Head of Treasury
         Phone: +37126424732
         Natalija.Fokina@citadele.lv