Created by Anna Mileiko 
European Merchant UAB is part of Akce Group and was set up to expand the range of services the group offers. Akre Group also controls Ozan Limited an electronic money institution licensed in the UK, currently providing payment and payment-related services. European Merchant UAB intends to focus on providing retail banking products and services, in particular accepting resident deposits, lending to households and businesses, providing payment services.
In 2023, European Merchant Bank UAB achieved the position of 9th largest bank in Lithuania with a market share of 0.29%; its total assets grew by 30.04%.
Additionally, the bank became the 9th profitable bank in relation to its total assets showcasing 0.56% return on assets and 6.49% return on equity in 2023.
Also the lender held the 12th position regarging its loans-to-deposits (L/D) registering 29.95% L/D ratio in 2023.
Deposits up to 100,000 EUR are covered by Lithuanian deposit guarantee scheme in European Merchant Bank UAB.
online banking
European Merchant Bank UAB ranks as the 9th largest bank in Lithuania by total assets. In 2023 its total assets were 147.59 mln EUR, representing a 0.29% market share. In 2023 the bank's net income was 731,000.00 EUR.
European Merchant Bank UAB protects deposits up to up to 100,000 EUR per depositor through Lithuania's deposit guarantee scheme. The scheme applies to all deposit accounts made by natural persons, legal entities. The bank participates in the Deposit and Investment Insurance, making regular contributions into it.
Gedimino pr. 35, Vilniaus m. sav. Vilnius, LithuaniaEuropean Merchant Bank UAB is headquartered in Vilniaus M. Sav. Vilnius.
European Merchant Bank UAB has profiles at the following social networks:
Lithuania
GermanyEuropean Merchant Bank UAB provides services in the area of retail banking. European Merchant Bank UAB offers a range of products including savings accounts, time deposit accounts (2.50 - 3.30 %), consumer loans, business loans. European Merchant Bank UAB makes its solutions available to natural persons, SMEs.
online bankingProducts and services offered by European Merchant Bank UAB are not available at the bank's branches. European Merchant Bank UAB instead uses direct channels to deliver its solutions to customers, namely via online banking system.
Time deposits accounts are interest-bearing deposit accounts offering higher interest rates than savings accounts. However the money deposited to such account cannot be withdrawn for a specified period of time (term).
European Merchant Bank UAB offers the following time deposit accounts.
Updated on 21 January 2025
GermanyGermany: This product is offered to German residents only. When clicking on the product link you will be redirected to the product page in German.
Deposit Guarantee. Time deposit accounts made with European Merchant Bank UAB are covered bydeposit guarantee scheme of Lithuaniaup to 100,000 EUR per depositor.
Withholding Tax. Interest gained on time deposit accounts by non-residents of Lithuaniais taxed at 0.00% rate. When the interest is paid, this tax is automatically withhold by European Merchant Bank UAB from the time deposit account. Interest income gained on time deposit accounts by residents of Lithuaniais not taxed.
In 2023 total assets of European Merchant Bank UAB were 147.59 mln EUR. Growth compared to the previous period (2022) was 30.04%. The evolution of the total assets of European Merchant Bank UAB is shown at Chart 1 below.
Chart 1. Total Assets of European Merchant Bank UAB.
Recent changes in total assets of European Merchant Bank UAB and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Loans | 21.4 | 33.7 | +57.79% |
| Bonds and other fixed-income securities | 0.4 | ||
| Total Assets | 113.5 | 147.6 | +30.04% |
Table 1. Recent changes in total assets of European Merchant Bank UAB (mln EUR).
Recent changes in total liabilities of European Merchant Bank UAB and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Deposits | 96.1 | 112.6 | +17.14% |
| Total Liabilities | 113.5 | 147.6 | +30.04% |
Table 2. Recent changes in total liabilities of European Merchant Bank UAB (mln EUR).
In 2023 net income of European Merchant Bank UAB was 731,000.00 EUR. Growth compared to the previous period (2022) was 115.00%. The evolution of the net income of European Merchant Bank UAB is shown at Chart 2 below.
Chart 2. Net Income of European Merchant Bank UAB.
In 2023 European Merchant Bank UAB was ranked the 9th largest bank in Lithuaniain terms of total assets, having 0.29% of the domestic market share. European Merchant Bank UAB also became # 12 in terms of loans (market share - 0.17%), # 9 in terms of deposits (market share - 0.27%).
Chart 3. Market share of European Merchant Bank UAB (among banks in Lithuania)
Historical changes in European Merchant Bank UAB's domestic rank and market share over 2020-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 9 | 0.29 % |
| 2022 | 9 | 0.25 % |
| 2021 | 9 | 0.26 % |
| 2020 | 8 | 0.18 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to European Merchant Bank UAB listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 8 |  | 0.32% | 164.25 mln EUR (+25.85%) |
| 9 | | 0.29% | 147.59 mln EUR (+30.04%) |
| 10 |  | 0.23% | 117.24 mln EUR (+24.00%) |
Discover key identifiers of European Merchant Bank UAB including its BIC, LEI, company number, MFI ID.
BIC: EUEBLT22XXX
The BIC (also known as SWIFT code) for European Merchant Bank UAB is EUEBLT22XXX. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | EUEBLT22XXX |
| Bank BIC Code | EUEB |
| Country Code | LT (Lithuania) |
| Location Code | 22 |
| Branch Code | XXX |
LEI: 254900TRQWSAA6UDK962
European Merchant Bank UAB’s LEI is 254900TRQWSAA6UDK962. This code is critical for verifying the institutions’s legal identity in financial markets and is used for regulatory reporting and risk management.
| Key | Value |
|---|---|
| LEI | 254900TRQWSAA6UDK962 |
| LOU Identifier | 2549 |
| Reserved | 00 |
| Entity Identifier | TRQWSAA6UDK9 |
| Verification ID | 62 |
Company Registration Number: 304559043
European Merchant Bank UAB is registered in Lithuania under company number 304559043. Company Registration Number is a distinctive code issued upon registration of a new company. Company number can be used to find data about the company in a national company register.
| Key | Value |
|---|---|
| Company Number | 304559043 |
MFI ID: LT304559043
European Merchant Bank UAB’s MFI ID, LT304559043, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Lithuania (LT), followed by the institutions's internal ID.
| Key | Value |
|---|---|
| MFI ID | LT304559043 |
| Country Code | LT |
| MFI Code | 304559043 |
TheBanks.eu identified several banks similar to European Merchant Bank UAB based on various criteria, including:
