In the first half of 2025, European Merchant Bank (EMBank), one of Lithuania’s largest SMEs financing institutions, recorded steady growth. Compared to the same period last year, both deposits and bank assets saw significant increases, while consistent growth was observed in the company’s profit and revenue lines. These results reflect both financial sustainability and opportunities driven by a recovering market.
EMBank’s net profit continued to grow in the first half of the year – reaching € 650,000 over six months, or 2.2% more than in the first half of 2024.
The bank’s net income also grew, reaching € 5.7 million – 8.4 % higher than a year ago. Compared to the same period of last year, net interest income increased to € 2.2 million by %8 increase.
According to EMBank CEO Sarp Demiray, the results reflect the bank’s responsible business strategy and growing client trust.
“We are seeing signs of recovery in the market, not only in financial institutions’ performance but also in consumer and business confidence indicators. The overall financial tone is much more optimistic than in previous years. The European Central Bank’s consistent interest rate cuts, rapidly advancing technologies, and a stronger focus on sustainability have all energized business activity. The first half of the year showed that businesses need reliable financial partners, which is a key foundation for continued growth,” said S. Demiray.
Confidence in EMBank is also highlighted by the stability of its business loan portfolio. In the first half of the year, the portfolio reached to € 40.9 million (including corporate bonds) by 3.27% increase. Meanwhile, deposits grew rapidly – from € 137 million in 2024 to € 175 million by the end of June 2025, an increase of nearly 28%. The bank’s assets also grew significantly – by almost a quarter – reaching € 189 million.
EMBank’s Chairman of the Board, Ekmel Cilingir, emphasizes that the bank’s performance should be assessed not only from a financial perspective, as the generated income was purposefully reinvested into innovation and expansion.
“Our decision to strategically invest in team growth and modern technologies ensures greater operational efficiency and a competitive advantage for the future. Our goal is not short-term success, but stable, long-term growth that we can share with our clients,” said E. Cilingir.
According to him, EMBank constantly adapts its service portfolio to meet the needs of businesses – both current and future. That is why the bank invests not only in developing new products but also in strengthening the expertise of its specialist team.
As part of this strategy, EMBank is taking important steps to further strengthen its financing activities for businesses in Lithuania. EMBank is not only reinforcing its sales force, but also introducing new solutions and forming a strategic partnership to simplify the bond issuance process and expand financing alternatives for businesses in Lithuania. These initiatives clearly demonstrate EMBank’s commitment to supporting the growth of local businesses by offering them innovative and competitive financial services.
