aA
A new specialized bankEuropean Merchant Bank” will start its operations in Lithuania starting this autumn. The bank plans to start with providing its services for business and in 2020 it will start working with personal customers.


European Merchant Bank
European Merchant Bank
© Bendrovės archyvas

“We will start providing our services in 2019 fall. For business we will be providing loans, payment and deposit services”, says Mindaugas Kyguolis, CEO of the bank.



“European Merchant Bank” became a member of the Association of Lithuanian banks on 1st of June. The financial institution got a specialized bank licence last year December.

As the CEO adds, the bank will focus on small and medium enterprises.

“Our market analysis shows that in Lithuania there are not enough financing opportunities for SMEs. Moreover, because of the lack of competition companies are faced with disadvantageous loan terms”, says M. Kyguolis in a press release.



“European Merchant Bank” is owned my Norwegian Ozan Ozerk.

DELFI EN
It is forbidden to copy the text of this publication without a written permission from DELFI.

Some 200 new points of sale of illegal tobacco emerged

204 new points of sale of illegal tobacco emerged in Lithuania, with their number going up by a...

Tourism: Lithuania had biggest growth of nights spent in EU

In 2019, the number of nights spent in tourist accommodation in the European Union (EU) is expected...

No contamination found in Curonian Lagoon fish

Tests have found no contamination in fish from the Curonian Lagoon despite the release of untreated...

Debates started to get a grip on environmental polluters

The of Lithuanian Seimas during its extraordinary session on Thursday started deliberating a package...

Lithuanian scientists create new breakthrough technology

Panevėžys Mechatronics Center (PMC) announced about the creation of a new breakthrough technology...

Top news

Skvernelis urges to refrain from attempts to reinterpret WWII consequences

Lithuanian Prime Minister Saulius Skvernelis has urged to refrain from attempts to reinterpret the...

Number of barred people up as immigration grows

The number of people barred to enter Lithuania rose last year, and the country's State Border Guard...

Some 200 new points of sale of illegal tobacco emerged

204 new points of sale of illegal tobacco emerged in Lithuania, with their number going up by a...

Savickas nominated for economy minister

Lithuanian Prime Minister Saulius Skvernelis on Friday submitted the candidature of his adviser Lukas...

No contamination found in Curonian Lagoon fish

Tests have found no contamination in fish from the Curonian Lagoon despite the release of untreated...