Citadele to acquire Baltic leasing operations of UniCredit.

Citadele, a Latvian bank and financial and asset manager, agreed to acquire Baltic leasing operations of UniCredit, an Italian global banking and financial services company. Financial terms were not disclosed. "The acquisition of UniCredit’s Baltic leasing operations is consistent with Citadele’s long-term aim to become the leading financial services provider in the Baltics for both individuals and small and medium-sized businesses. Within this context, the leasing sector continues to be attractive thanks to a diversified customer base, strong underlying asset performance, and the potential to reach new clients," Guntis Beļavskis, Citadele CEO.