Lovcen banka AD Podgorica is a universal commercial bank, providing retail and corporate banking products and services to individuals, micro-, small- and medium-sized enterprises as well as other businesses.
Due to regulatory requirements Lovćen banka AD Podgorica performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Lovćen banka AD Podgorica will ask him/her to provide the following documents: passport, ID card, PEP form. For corporate clients Lovćen banka AD Podgorica will ask to provide corporate documentation as well as information about controlling persons. Lovćen banka AD Podgorica may request additional documentation or information depending on the case.
Lovćen banka AD Podgorica is the 10th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 170,32 mln EUR, providing the bank with the market share of 3.87%. In 2018 the bank's net income was 1,77 mln EUR.
Lovćen banka 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. Lovćen banka AD Podgorica is a member of Deposit Protection Fund and makes its contributions into it.
Lovćen banka AD Podgorica is headquartered in Podgorica.
Lovćen banka AD Podgorica is authorized and supervised by the Central Bank of Montenegro.