Latvia's Financial and Capital Market Commission approved AS Citadele banka's proposed acquisition of the remaining mortgage loans of Danske Bank A/S' Latvian branch, Reuters reported.

The transaction will be finalized in February, the newswire wrote, citing a statement from Citadele banka.

The move comes amid the Danish lender's efforts to exit all Baltic states in the wake of a €200 billion money-laundering scandal centered around its Estonian branch.

Danske Bank recently offered 2,000 employees in Denmark a voluntary redundancy option.