- 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.
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.
External links
Categories:- Montenegro stubs
- Banks of Montenegro
- Banks established in 1905
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