NLB Montenegrobanka
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NLB Montenegrobanka is a bank in Montenegro. Nova Ljubljanska banka owns 91.5% of stock of the bank. Its headquarters are in Podgorica and has branches in Bijelo Polje, Rožaje, Mojkovac, Nikšić, Cetinje, Budva, Bar, Ulcinj, Tivat, Kotor and Herceg Novi.
[edit] History
Modern day NLB Montenegrobanka considers itself a successor to Crnogorska banka that was founded in 1905 and has operated since off and on in various forms.
In May 2003, Slovenian Nova ljubljanska banka purchased the 91.5% stake in Montenegrobanka from the Government of Montenegro for €11 million, and promptly renamed it NLB Montenegrobanka.
In mid 2005, Nova ljubljanska banka (NLB) bought 80.29% stake in another bank operating in Montenegro - Euromarket banka. On January 1, 2006, NLB merged it into its existing operation NLB Montenegrobanka, thus increasing its presence and market stake in Montenegro.
[edit] External links
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