AP Anlage & Privatbank AG (Bank) was founded in 1995 by German Hypo Bank (Munich). In 2004, Parex Bank (Riga, Latvia) acquired AP Anlage & Privatbank and introduced the Bank into Parex Group. After the reconstruction of Parex Bank in 2010 and establishment of a new Citadele Banka, whose shareholders are the Latvian State and European Bank for Reconstruction and Development (EBRD), AP Anlage & Privatbank became a 100% subsidiary bank of Citadele Banka. AP Anlage & Privatbank AG became Kaleido Privatbank AG in April 2021
The bank has Russian-speaking staff
JSC Citadele banka (Riga Latvia)
Judicial Cooperation Agreement with Russia is signed; Double Taxation Agreement with Russia is signed; AML legislation is strictly observed; Active member of OECD, FATF, Basel Commitee, Egmont Group etc.