Established in 2015, Zapad banka AD Podgorica is a full-service universal bank, providing retail and corporate banking products and services to individuals, small and medium enterprises and other business entities.
Due to regulatory requirements Zapad banka AD Podgorica performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Zapad banka AD Podgorica will ask him/her to provide the following documents: passport, ID card, PEP form, USA form. For corporate clients Zapad banka AD Podgorica will ask to provide corporate documentation as well as information about controlling persons. Zapad banka AD Podgorica may request additional documentation or information depending on the case.
Zapad banka AD Podgorica is the 12th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 90,81 mln EUR, providing the bank with the market share of 2.06%. In 2018 the bank's net income was 1,46 mln EUR.
Zapad 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. Zapad banka AD Podgorica is a member of Deposit Protection Fund and makes its contributions into it.
Zapad banka AD Podgorica is headquartered in Podgorica.
Zapad banka AD Podgorica is authorized and supervised by the Central Bank of Montenegro.