As previously announced, Liene Grūtupa was nominated as the new Chief Compliance and Legal Officer and member of Citadele’s Management Board, pending regulatory approval. On 24 June 2025, the confirmation was received from the European Central Bank.

Liene Grūtupa has more than 25-year experience in executive legal and personnel management positions. She joined Citadele banka in 2011 as Head of the Legal Division and, since January 2022, has additionally taken on the role of Head of HR. Her experience combined with significant achievements in strategic planning and process optimization, demonstrates a strong capability to ensure compliance, and drive organizational success. Liene Grūtupa has a law degree from University of Latvia and an MBA from Riga International School of Economics and Business Administration.

About Citadele

Citadele’s, rated Baa1 (stable) by Moody’s, mission is to modernise the financial industry and offer more opportunities to private individuals and businesses throughout the Baltics. In 2024, Citadele issued EUR 1.3 billion in new loans, with its total loan portfolio reaching EUR 3.3 billion, while total deposits reached EUR 4.0 billion. Alongside a modern universal banking platform, Citadele offers its clients a range of services based on next-generation financial technology, including its modern app, contactless payments and instant payments. Citadele was the first in the Baltics to introduce account opening with a selfie, payment rings and payments to mobile numbers. Citadele Bank is the Group’s parent company in Latvia, and its subsidiaries and branches operate in Latvia, Lithuania and Estonia.