Cost-cutting continues at Citadele

  • 2012-08-22
  • From wire reports
RIGA - Latvia’s Citadele Bank will continue implementing its optimization measures, closing its branches in Germany and Sweden and the bank’s asset management company in Ukraine, Citadele CEO Guntis Belavskis said in an interview with the business daily Dienas Bizness.The management of these structural units requires time and money, but they do not yield a return. In Lithuania, however, Citadele Bank operates with excellent results, he said.During the next few months, the bank will come up with a business plan for the coming years. This will be done to continue develo...
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