European Merchant Bank, UAB announces new CEO

Nov 17, 2020

European Merchant Bank, UAB announces new CEO

Monika Rimkūnaitė-Bložė assumes the position of CEO and member of Management Board at European Merchant Bank from July 2020.

M. Rimkūnaitė-Bložė has gained more than 20 years of experience in the financial sector, where for the last three years she has worked as the CEO of Mobilieji Mokėjimai, UAB founded by Bitė Lietuva, UAB, Tele2, UAB, and Telia Lietuva, UAB. For 10 years she held management positions in various branches of SEB Bank in Lithuania and the Baltic States and since December 2016, she has been independent member of the Board of Lithuanian Railways, the largest state owned company in Lithuania.

Currently, the European Merchant Bank Board consists of three members – Nemira Palaimienė, Jelena Salietienė and Inga Kuktienė. The Board will soon acquire one more member and will consist of 4 Board Memebers.

European Merchant Bank started operations in 2019.

The Bank has started to provide loans, time deposits, treasury products and transactional banking services to small and medium-sized businesses. In 2020, the Bank opened Internet banking, at the same time starting to provide an open banking service. Currently, the Bank is also developing a card project with MasterCard principal membership license and expanding the range of their services required for small and medium-sized businesses. the launch of a package of services for private individuals is also planned for the end of this year. The Bank is also planning to start Trade Finance transactions in Q1 2020.

July 7, 2020