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NLB Banka Podgorica
NLB Banka Podgorica (full name: NLB Banka a.d. Podgorica) is a bank operating in Montenegro. Its parent bank is Slovenian NLB Group. History On 14 November 2021, NLB Banka Podgorica and Komercijalna banka Budva were integrated, following the acquisition of Komercijalna banka NLB Komercijalna banka (full legal name: ''NLB Komercijalna banka a.d. Beograd,'' ) is a bank founded in 1970 with headquarters in Belgrade, Serbia. It is owned by Slovenian NLB Group. History The bank was founded on 1 December 1970 in Belgr ... (Serbia) by the NLB Group. Komercijalna banka operated in Montenegro for 19 years, starting from November 2002. See also * List of banks in Montenegro References External links * {{Portal, Banks Banks of Montenegro Banks established in 2003 ...
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Podgorica
Podgorica (Cyrillic script, Cyrillic: Подгорица, ; Literal translation, lit. 'under the hill') is the Capital city, capital and List of cities and towns in Montenegro, largest city of Montenegro. The city was formerly known as Titograd (Cyrillic script, Cyrillic: Титоград, ) between 1946 and 1992—in the period that Montenegro formed, as the Socialist Republic of Montenegro in honour of Marshal of Yugoslavia, Marshal Josip Broz Tito. The city was largely destroyed during the bombing of Podgorica in World War II and accordingly the city is now dominated by architecture from the following decades of communism. Further but less substantial damage was caused by the NATO bombing of Yugoslavia, 1999 bombing by NATO forces. The surrounding landscape is predominantly Mountain range, mountainous terrain. The city is just north of the Lake Skadar and close to coastal destinations on the Adriatic Sea. Historically, it was Podgorica's position at the confluence of the Ribn ...
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Montenegro
) , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = Montenegrin , languages2_type = Languages in official use , languages2 = , ethnic_groups = , ethnic_groups_year = 2011 , religion = , religion_year = 2011 , demonym = Montenegrin , government_type = Unitary parliamentary republic , leader_title1 = President , leader_name1 = Milo Đukanović , leader_title2 = Prime Minister , leader_name2 = Dritan Abazović (acting) , leader_title3 = Speaker , leader_name3 = Danijela Đurović , legislature = Skupština , sovereignty_type = Establishment history , established_event1 = Principality of Duklja , established_date1 ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Commercial Bank
A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with corporations or a large/middle-sized business to differentiate it from a retail bank and an investment bank. Commercial banks include private sector banks and public sector banks. History The name ''bank'' derives from the Italian word ''banco'' "desk/bench", used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of banking activity can be found even in ancient times. In the United States, the term commercial bank was often used to distinguish it from an investment bank due to differences in bank regulation. After the Great Depression, through the Glass–Steagall Act, the U.S. Congress required that commercial banks only engage in ba ...
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Investment Bank
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect ...
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NLB Group
NLB Group is the largest banking and financial group in Slovenia, with the core of its activity being in Southeast Europe. History Founded in 1994, the bank now covers markets with a population of approximately 17.4 million people. In addition to NLB d.d., a main entity in Slovenia, NLB Group comprises several subsidiary banks in Southeast Europe: NLB Banka Skopje, NLB Banka Sarajevo, NLB Banka Banja Luka, NLB Banka Prishtina, NLB Komercijalna banka, NLB Banka Podgorica, N Banka, several companies for ancillary services (asset management, leasing, real estate management etc.) and a limited number of non-core subsidiaries controlled wind-down. NLB d.d. is as of 14 November 2018 a publicly listed company owned by a diversified investor base and whose largest shareholder is the Republic of Slovenia with a 25% plus one share. With the acquisition of the Serbian Komercijalna banka in December 2020, the Group further strengthened its strategic and systemic position in the region and now ...
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Komercijalna Banka
NLB Komercijalna banka (full legal name: ''NLB Komercijalna banka a.d. Beograd,'' ) is a bank founded in 1970 with headquarters in Belgrade, Serbia. It is owned by Slovenian NLB Group. History The bank was founded on 1 December 1970 in Belgrade, SFR Yugoslavia. On 6 May 1992, it was transformed into joint-stock company, with Government of Serbia being its majority owner. In November 2002, Komercijalna banka established Komercijalna banka Budva, operating in Montenegro. The bank also had a subsidiary in Bosnia and Herzegovina, Komercijalna banka a.d. with headquarters in Banja Luka. As of December 2014, two of the bank's biggest stakeholders were the Government of Serbia with 42.6% and European Bank for Reconstruction and Development with 25% of shares. In March 2015, the bank's management announced that Government of Serbia plans to sell its stake in the bank in the second half of 2017. However, the auction was postponed several times. In June 2019, the Government of S ...
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List Of Banks In Montenegro
This is a list of Montenegrin banks. Central bank * Central Bank of Montenegro Commercial banks There are eleven banks operating in Montenegro, all headquartered in the capital, Podgorica. Former banks * Ekos Bank - liquidated * Euromarket Bank - bought by NLB and merged into NLB Montenegrobanka * Jugobanka - bought by Dundee Investments Limited and merged into Criterion Banking Limited * Opportunity Bank, changed name in 2009 to Erste Bank AD Podgorica References External links Find all banks' branches and ATMs in Montenegro using Maps {{List of banks in Europe Montenegro Banks Montenegro ) , image_map = Europe-Montenegro.svg , map_caption = , image_map2 = , capital = Podgorica , coordinates = , largest_city = capital , official_languages = M ...
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Banks Of Montenegro
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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