NLB Montenegrobanka
| Type | joint stock company |
|---|---|
| Industry | Banking |
| Predecessor(s) | Crnogorska banka, Montenegrobanka |
| Founded | 1905 |
| Headquarters | Stanka Dragojevića 46, Podgorica, Montenegro |
| Key people | Anton Ribnikar (CEO) |
| Products | Retail banking, merchant banking, wealth management, life insurance, pensions |
| Employees | 338 (2011) |
| Website | www.montenegrobanka.com |
NLB Montenegrobanka is a bank in Montenegro. It was founded in 1905 as Crnogorska banka, and later renamed Montenegrobanka. Headquartered in Podgorica, the bank has 6 branches in and around the city, with additional branches in Nikšić, Bijelo Polje, Bar, Berane, Pljevlja, Herceg Novi, Rožaje, Kotor, Ulcinj, Budva, Cetinje, Tivat and Mojkovac. Nova Ljubljanska banka owns 91.5% of stock of the bank.
History
Modern day NLB Montenegrobanka considers itself a successor to the oldest commercial bank in Montenegro Crnogorska banka[1] 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.
References
- ↑ NLB Montenegrobank, securities.com, Retrieved June 5, 2012