Private BUSINESS PRIVATE BANKING ABOUT THE BANK C REWARDS
Private
BUSINESS
PRIVATE BANKING
ABOUT THE BANK
C REWARDS
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  1. Private customers
  2. Investment funds

* AS Citadele Banka does not offer investment portfolio management services, fund and asset management services, individual consultations on investing in financial instruments, or recommendations on the capital markets. These services are provided by a company in the Citadele Group: IPAS CBL Asset Management.

Where should I invest my spare money?

If you have longer-term goals, then investment funds are a suitable choice. By using the opportunities afforded by the financial markets, you are able to increase the value of your savings. Using Citadele's brokerage services, you can invest in Citadele subsidiary CBL Asset Management's investment funds, funds traded on the stock exchange (ETFs – Exchange Traded Funds) and other investment funds.

  • If you want to increase the value of your savings by making sustainable investments, choose one of the investment funds managed by CBL Asset Management: CBL Global Emerging Market Bond Fund and CBL European Leaders Equity Fund. More information about CBL funds sustainability.
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** The CBL Bond funds are managed by IPAS CBL Asset Management. When investing in an investment fund, you risk losing money as well as gaining profit. The net value of investment fund assets has a high rate of fluctuation, and historic profitability does not guarantee similar profits in the future. The value of an investment fund may increase or fall, and there is no guarantee that your initial investment will be maintained or make a profit.

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** The CBL Share funds are managed by IPAS CBL Asset Management. When investing in an investment fund, you risk losing money as well as gaining profit. The net value of investment fund assets has a high rate of fluctuation, and historic profitability does not guarantee similar profits in the future. The value of an investment fund may increase or fall, and there is no guarantee that your initial investment will be maintained or make a profit.

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** The CBL Opportunities funds are managed by IPAS CBL Asset Management. When investing in an investment fund, you risk losing money as well as gaining profit. The net value of investment fund assets has a high rate of fluctuation, and historic profitability does not guarantee similar profits in the future. The value of an investment fund may increase or fall, and there is no guarantee that your initial investment will be maintained or make a profit.

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3 simple steps to start investing


Sign an agreement with Citadele bank


If you are a Citadele customer, sign an agreement on the opening of a financial instrument account and the enabling of transactions with financial instruments (in accordance with which Citadele will open a financial instrument and financial instrument cash account for you). This is an account into which the securities you purchase will be transferred, as well as the money you intend to use for financial instrument transactions.
Sign agreement can be concluded as follows:

  • The Citadele online bank: Investments > Create New > Application for agreement on financial instruments accounts and transactions.
Log in to online bank
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Transfer funds to your financial instrument cash account


Transfer funds to your financial instrument cash account in the way that's easiest for you:

  • The Citadele online bank: Payments > Transfer between own accounts.
  • The Citadele mobile app: Pay > Between accounts.
  • Additional options, you can also exchange currency within your financial instrument account. You can do this through the Citadele online bank: Payments > Currency exchange.
Log in to online bank Log in to mobile app
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Submit a security purchase/sale order

  • The Citadele online bank: Investments > New order > Order for investment fund unit purchase or redemption or Order for stocks purchase/sale, or Order for bond purchase/sale.
  • Worth to know – if you wish to invest in shares traded on the United States markets, you will also need to fill in and submit a W-8BEN tax form. Find out more by calling a Citadele broker on +370 66530742.
Log in to online bank Call broker
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Exchange Traded Funds (ETFs)

Funds whose price changes depend on the changing price of an index or gold, oil or another product. ETFs are traded on the stock market just like shares. For example, when you purchase a share of an index ETF, you are purchasing a share portfolio which includes shares from various companies. Indexes can include multiple share categories, or they can group company shares from one or several countries. Indexes can reflect trends in a specific industry, such as technology, health or the financial sector. Advantages:

  • Liquidity: constant ETF trading on the stock market with usually larger trading volumes than separate shares.
  • Lower bank fees than buying each share separately.
  • A more diversified portfolio and extensive availability - investment opportunities in various financial instruments (shares, bonds, goods), countries and regions, as well as industries.

Investment funds managed by others

You are also able to purchase investment funds and hedge funds managed by other world-leading fund managers, which gives you the opportunity to not only protect your capital from losing value due to inflation, but also to earn more. Bringing together the money of many different investors makes it possible to expand the spectrum of investment opportunities and implement professional management of this money with the aim of earning money. When investing your money in investment funds, you may suffer losses as well as make money.

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Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
Do I have to pay taxes?

Yes, you must pay income tax on capital gains and on capital (dividend) income.

How do I open a financial instrument account?

Existing bank customers can open a financial instrument account. They must have a current account or card account open. We recommend also activating the online bank. 

To open a financial instrument account, you must read the relevant documents, terms and conditions and sign an application to open a financial instrument account and transaction agreement. 

The easiest way to do this is for free through the Citadele online bank under Investments (New Order > Application to open a financial instrument account and transaction agreement). 

If necessary, you can also sign an agreement at any Citadele branch.

Can I receive a consultation from the bank on the best investments?

The bank does not give recommendations on the most suitable investment types, and does not recommend specific financial instruments, as only the customer can adequately evaluate and make decisions on their investments, needs and the suitability of specific financial instruments for their aims and requirements.

How much do financial instrument transactions and financial instrument account servicing cost?

Financial instrument purchase and sale transactions are subject to brokerage commissions which are calculated based on the type of financial instrument and the size of the transaction, but please bear in mind that there is a minimum commission fee per transaction, and in some markets there may be an additional fee for transactions. You can see brokerage commissions on our Price List under Trading. 

Meanwhile, the following commission fees apply for financial instrument account servicing: 

  • A monthly fee for holding financial instruments, taken in the customer’s chosen base portfolio currency.
  • A commission fee for the customer’s chosen transaction (receiving, transferring or deregistering securities), which is taken in the transaction currency.
  • A fee for processing orders for corporate events or tax certification documents for certain financial instrument types. 

You can see the full list of service prices on the Price List under Accounts administration. 

Commission fees are taken automatically from the money in the customer’s financial instrument account. Customers must ensure that they have a sufficient balance, otherwise there may be a commission fee for a negative balance.
 

How do I submit an order for a financial instrument transaction?

You can submit an order at any branch of the bank or remotely through the online bank.

What is a convertible bond?

A company may issue convertible bonds, which the bond holder has the right to exchange for shares of this company within a certain time period.

More questions
Do I have to pay taxes?

Yes, you must pay income tax on capital gains and on capital (dividend) income.

How do I open a financial instrument account?

Existing bank customers can open a financial instrument account. They must have a current account or card account open. We recommend also activating the online bank. 

To open a financial instrument account, you must read the relevant documents, terms and conditions and sign an application to open a financial instrument account and transaction agreement. 

The easiest way to do this is for free through the Citadele online bank under Investments (New Order > Application to open a financial instrument account and transaction agreement). 

If necessary, you can also sign an agreement at any Citadele branch.

Can I receive a consultation from the bank on the best investments?

The bank does not give recommendations on the most suitable investment types, and does not recommend specific financial instruments, as only the customer can adequately evaluate and make decisions on their investments, needs and the suitability of specific financial instruments for their aims and requirements.

How much do financial instrument transactions and financial instrument account servicing cost?

Financial instrument purchase and sale transactions are subject to brokerage commissions which are calculated based on the type of financial instrument and the size of the transaction, but please bear in mind that there is a minimum commission fee per transaction, and in some markets there may be an additional fee for transactions. You can see brokerage commissions on our Price List under Trading. 

Meanwhile, the following commission fees apply for financial instrument account servicing: 

  • A monthly fee for holding financial instruments, taken in the customer’s chosen base portfolio currency.
  • A commission fee for the customer’s chosen transaction (receiving, transferring or deregistering securities), which is taken in the transaction currency.
  • A fee for processing orders for corporate events or tax certification documents for certain financial instrument types. 

You can see the full list of service prices on the Price List under Accounts administration. 

Commission fees are taken automatically from the money in the customer’s financial instrument account. Customers must ensure that they have a sufficient balance, otherwise there may be a commission fee for a negative balance.
 

How do I submit an order for a financial instrument transaction?

You can submit an order at any branch of the bank or remotely through the online bank.

What is a convertible bond?

A company may issue convertible bonds, which the bond holder has the right to exchange for shares of this company within a certain time period.

More opportunities

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Consumer loan

Financing of up to 25 000 EUR taking a loan together with a co-borrower. Apply online and receive a personal offer within 10 minutes.
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Short terms savings

A way of saving for your goals using the benefits of the Savings account and Term Deposits. Apply through the online bank and achieve your goals.
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Personal life insurance

Life insurance can provide your family with protection and peace of mind should anything unexpected happen to you. In the event of an accident, your family could use an insurance benefit to overcome various financial difficulties. Service provided by Citadele subsidiary AAS “CBL Life“.
Learn more

In accordance with Republic of Latvia legislation, financial instruments are held separately from other bank assets, therefore the customer does not take on the risks of a situation where a bank is unable to operate, causing the bank to become bankrupt or insolvent, as well as of direct illegal activity aimed at the bank.

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