European Merchant Bank

Last updated
EMBank European Merchant Bank
Type Private company
Industry Financial services
FoundedDecember 14, 2018;4 years ago (2018-12-14) in Vilnius
Headquarters,
Key people
Sarp Demiray (CEO), Ekmel Cilingir (Chairman of supervisory board)
Products Commercial banking, fintech
Website em.bank

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]

Contents

History

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]

Features

The bank offers a number of financial products and services:

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References

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  6. "NetSol Technologies, Inc. (NTWK) Stock Price, News, Quote & History - Yahoo Finance". finance.yahoo.com. Retrieved 2023-09-01.
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  8. Shishmanov, Lazar (2022-05-04). "EMBank 2021 results: 13x revenue growth and EUR 27.7 million growth in loan portfolio!". European Merchant Bank UAB. Retrieved 2023-09-01.
  9. "Action brought on 12 May 2022 — Mostovdrev v Council". eur-lex.europa.eu. 2022-07-04. Retrieved September 1, 2023.
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