Citadel is the parent company of Citadele Group, which provides a full portfolio of banking, financial, and wealth management services to private individuals and companies. The bank is recognized as the best-governed state-owned enterprise in the Baltic states and aims to become the most valuable local financial group in the region. Citadel is the only partner of American Express in Latvia and Lithuania, authorized to issue American Express credit cards. The bank is owned by JSC "Privatization Agency" and Ripplewood Advisors LLC, with the European Bank for Reconstruction and Development also holding a stake.