Lovćen banka AD Podgorica

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Business Focus
universal banking

Lovćen banka AD traces its roots back to 2011 when MFI Kontakt started its lending business. In 2014 Lovćen banka was established and expanded its activities to provide banking products and services. Lovcen banka AD oeprates as 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.

Services

retail banking
business banking

Clients

natural persons
SMEs
companies

Area Served

MEMontenegro
internationally

Products

current accounts
debit cards
credit cards
savings accounts
cash loans
overdrafts
consumer loans
mortgage loans
safe deposit boxes

Account Currencies

EUEUR (Euro)

Card Providers

MasterCard

Account Opening

Becoming a client of Lovćen banka AD Podgorica can be done in a few steps:

1.
Visit bank branch

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 or ID card. 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 performs client's identity verification via branch visit.

Ways to Bank

Lovćen banka AD Podgorica delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of Lovćen banka AD Podgorica
Net_income of Lovćen banka AD Podgorica
Market Share of Lovćen banka AD Podgorica
Total Assets (2019)
198.74 mln EUR  (+16.68%)
Net Income (2019)
1.88 mln EUR  (+6.35%)

Lovćen banka AD Podgorica is the 9th largest bank in Montenegro in terms of total assets. In 2019 its total assets were 198,74 mln EUR, providing the bank with the market share of 4.32%. In 2019 the bank's net income was 1,88 mln EUR.

Deposit Guarantee

Protected Amount
up to 50,000 EUR
Guarantee Fund
Deposit Protection Fund
Covered Depositors
natural persons (Montenegrin and foreign)
legal entities
Covered Accounts
all deposit accounts

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.

Contacts

Bulevar Džordža Vašingtona 56/I, 81000, Podgorica, Montenegro
+382 (0)20 205 410
+382 (0)20 205 411

Lovćen banka AD Podgorica is headquartered in Podgorica.

Social Networks

Lovćen banka AD Podgorica has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
LOVBMEPG
Company Number
40009270

Bank Supervision

Supervised By
Central Bank of Montenegro

Lovćen banka AD Podgorica is authorized and supervised by the Central Bank of Montenegro.

Bank History

Start Date
28 April 2014

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