Company type | Private company |
---|---|
Industry | Financial services |
Founded | December 14, 2018 in Vilnius |
Headquarters | , |
Key people | Sarp Demiray (CEO) Ekmel Cilingir (Chairman of Supervisory Board) |
Products | Commercial banking, fintech |
Website | em |
The European Merchant Bank (trading as EMBank) is a small Lithuanian digital neo bank established in 2018. The bank focuses on Small and medium-sized enterprises (SMEs) in the fintech space. [1]
EMBank was founded in 2018 in Lithuania. On 14 December 2018, the bank received a banking license from the European Central Bank. [2] [3] [4] [5]
By the end of 2021, Bank’s business loans reached €29.7 billion. [6] That same year EMBank managed to break even. [7] [8]
In 2022, the bank was involved in a copyright dispute with the European Union about the use of the bank name. The bank is not part of the European Union, as it is a commercial bank based in Lithuania. [9]
The bank offers a number of financial products and services:
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Ekmel Cilingir is a Turkish banker who spent much of career working in Malta and serves as the Chairman of supervisory board of Lithuanian bank EMBank.