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Strong Financial Performance from European Merchant Bank

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European Merchant Bank (EMBank) has shown significant growth in 2021 and reached a monthly break-even point in less than three years after being granted its license from the European Central Bank.

European Merchant Bank is showing strong performance despite the negative impact of the pandemic, reaching its monthly break-even point in June 2021. The Chairman of the Supervisory Board, Ekmel Cilingir, has explained the reasons for the bank’s success by stating: “Our founding vision was to provide Tier 1 banking services to underserved businesses, both locally and internationally, with a special focus on Fintechs and SMEs. For this purpose, we have established an agile and experienced team that uses the latest technologies to provide our customers with a wide range of services that the existing players in the financial industry weren’t able to offer them. We now see that our strategic approach was the correct one as it is being…

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