Addiko Bank was established in 2015, when Advent International and the European Bank for Reconstruction and Development acquired Hypo Alpe Adria with its Southeast Europe banking network from Heta Asset Resolution.
Due to regulatory requirements Addiko Bank AD Podgorica performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Addiko Bank AD Podgorica will ask him/her to provide the following documents: passport, ID card. For corporate clients Addiko Bank AD Podgorica will ask to provide corporate documentation as well as information about controlling persons. Addiko Bank AD Podgorica may request additional documentation or information depending on the case.
Addiko Bank AD Podgorica is the 8th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 237,93 mln EUR, providing the bank with the market share of 5.40%. In 2018 the bank's net income was 2,34 mln EUR.
Addiko 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. Addiko Bank AD Podgorica is a member of Deposit Protection Fund and makes its contributions into it.
Addiko Bank AD Podgorica is headquartered in Podgorica.
Addiko Bank AD Podgorica is authorized and supervised by the Central Bank of Montenegro (reference number 40215615).