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Bank M2M Europe AS released its public financial report for the 3rd quarter of 2016, prepared according to the FCMC's Regulations No145. The report includes a management report, general information, financial position and performance, and risk and capital management. The bank's strategy is to service a narrow niche of high net worth individuals (HNWIs), with a conservative balance sheet structure and high liquidity. As of the end of the 3rd quarter, the bank serviced 400 wealthy families with €510 million under management, with a client base comprising 66% Russian, 15% Latvian, and 19% other countries. The bank's commission and fee income increased by 24% in the first 9 months of 2016, with a focus on capital management and related services. The bank's lending policy remains conservative, with a requirement for liquid collateral and a clear understanding of the planned use of funds and sources of repayment. The bank is also prioritizing reputation and AML/CFT risks, with an audit of its AML/CFT system expected to be finalized by the end of 2016.