NLB Montenegrobanka is a bank in Montenegro

Montenegro

Montenegro Montenegrin: Crna Gora Црна Гора , meaning "Black Mountain") is a country located in Southeastern Europe. It has a coast on the Adriatic Sea to the south-west and is bordered by Croatia to the west, Bosnia and Herzegovina to the northwest, Serbia to the northeast and Albania to the...

. Nova Ljubljanska banka owns 91.5% of stock of the bank. Its headquarters are in Podgorica

Podgorica

Podgorica , is the capital and largest city of Montenegro.Podgorica's favourable position at the confluence of the Ribnica and Morača rivers and the meeting point of the fertile Zeta Plain and Bjelopavlići Valley has encouraged settlement...

 and has branches in Bijelo Polje

Bijelo Polje

Bijelo Polje is a town in northern Montenegro. It has a population of 15,883 .Bijelo Polje is the center of municipality . It is unofficial center of north-eastern region of Montenegro...

, Rožaje

Rožaje

Rožaje , is a town in northeastern Montenegro. It has a population of 9,121 Rožaje is the centre of the municipality, which has a population of 22,693. The municipality is located in the geographical region of Sandžak.-History:The history of Rožaje goes back to 1571 and 1585 when it was first...

, Mojkovac

Mojkovac

Mojkovac is a town in northern Montenegro. It has a population of 4,120 . Mojkovac is also the centre of the municipality, which has a population of 10,066.-Features:...

, Nikšić

Nikšić

Nikšić is a city in Montenegro . In 2003 the city had a total population about 75,000.Nikšić is located in Nikšić plain, at the foot of Mount Trebjesa. It is the center of the municipality , which is the largest in Montenegro by area...

, Cetinje

Cetinje

Cetinje , Цетиње / Cetinje , Italian: Cettigne, Greek: Κετίγνη, Ketígni) is a town and Old Royal Capital of Montenegro. It is also a historical and the secondary capital of Montenegro , with the official residence of the President of Montenegro...

, Budva

Budva

Budva is a coastal town in Montenegro. It has around 15,000 inhabitants, and it is the centre of municipality...

, Bar

Bar, Montenegro

Bar is a coastal town in Montenegro. It has a population of 17,727...

, Ulcinj

Ulcinj

Ulcinj is a coastal resort town and municipality in Montenegro. The town of Ulcinj has a population of 10,828 of which the majority are Albanians...

, Tivat

Tivat

Tivat is a coastal town in southwest Montenegro, located in the Bay of Kotor...

, Kotor

Kotor

Kotor is a coastal city in Montenegro. It is located in a secluded part of the Gulf of Kotor. The city has a population of 13,510 and is the administrative center of the municipality....

 and Herceg Novi

Herceg Novi

Herceg Novi is a coastal town in Montenegro located at the entrance to the Bay of Kotor and at the foot of Mount Orjen. It is the administrative center of the Herceg Novi Municipality with around 33,000 inhabitants...

.

History

Modern day NLB Montenegrobanka considers itself a successor to Crnogorska banka that was founded in 1905 and has operated since off and on in various forms.

In May 2003, Slovenian Nova ljubljanska banka

Nova Ljubljanska banka

Nova Ljubljanska banka is the largest bank in Slovenia. It has branches throughout Slovenia, Trieste in neighbouring Italy and subsidiary banks in Montenegro, Serbia, Macedonia, Bulgaria, Germany and other countries in Europe. The head office is in Ljubljana, Slovenia....

 purchased the 91.5% stake in Montenegrobanka from the Government of Montenegro

Government of Montenegro

The Government of Montenegro is the executive branch of state authority in Montenegro. It is headed by the prime minister. It comprises the prime minister, the deputy prime ministers as well as ministers....

 for €

Euro

The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...

11 million, and promptly renamed it NLB Montenegrobanka.

In mid 2005, Nova ljubljanska banka (NLB) bought 80.29% stake in another bank operating in Montenegro - Euromarket banka. On January 1, 2006, NLB merged it into its existing operation NLB Montenegrobanka, thus increasing its presence and market stake in Montenegro.