ERSTE Bank is present in Montenegro since July 2009. ERSTE Bank offers a wide range of retail and corporate banking products and services to individuals and businesses, including loans, deposits, SWIFT international transactions, domestic payments, payment cards and e-banking.
Due to regulatory requirements ERSTE Bank AD Podgorica performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual ERSTE Bank AD Podgorica will ask him/her to provide the following documents: passport, ID card. For corporate clients ERSTE Bank AD Podgorica will ask to provide corporate documentation as well as information about controlling persons. ERSTE Bank AD Podgorica may request additional documentation or information depending on the case.
ERSTE Bank AD Podgorica is the 3rd largest bank in Montenegro in terms of total assets. In 2018 its total assets were 520,34 mln EUR, providing the bank with the market share of 11.81%. In 2018 the bank's net income was 10,23 mln EUR.
ERSTE Bank AD Podgorica participates in the deposit guarantee scheme of Montenegro. This deposit guarantee scheme applies to all deposit accounts made by natural persons (Montenegrin and foreign), legal entities and covers up to up to 50,000 EUR per bank per depositor. ERSTE Bank AD Podgorica is a member of Deposit Protection Fund and makes its contributions into it.
ERSTE Bank AD Podgorica is a member of Erste Group (Austria).
ERSTE Bank AD Podgorica is headquartered in Podgorica.