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Erste Bank AD Podgorica (Montenegro)

Main Activities: Commercial Banking
Full name: Erste Bank AD Podgorica Profile Updated: July 05, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Erste Bank AD Podgorica was established in May, 2002 under the name Opportunity Bank. It was the first fully- licensed bank of UK-based micro-lending charity Opportunity International in the region.
The bank is a successor of Microcredit Montenegro (MCM), which was founded in 1999 as a non-government, non-profit organisation offering loans to small-businesses in the Adriatic coast republic of Montenegro.
In February 2009, Croatian Erste & Steiermarkische Bank, part of Austrian Erste Group, aquired a 100% stake in the bank for EUR 13 million. The Montenegrin lender was renamed to Erste Bank AD Podgorica later the same year.
The lender provides a wide range of financial products and services to individuals and small and medium-sized enterprises. It attends its clients through a network of nearly 20 branch offices nationwide.

Headquarters
Studentska Str
Podgorica; Podgorica; Postal Code: 81000

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Website: http://www.erstebank.me/

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 05, 2002
Key Executives
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Chairman
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Chief Executive Officer
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Director/Member of the Board
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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100%
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69.3%
Company Performance
Financial values in the chart are available after Erste Bank AD Podgorica report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency EUR. Absolute financial data is included in the purchased report.
Net interest income
17.77%
Net fee and commission income
-17.73%
Operating profit (EBIT)
13.5%
Net Profit (Loss) for the Period
13.58%
Total assets
15.97%
Loans and advances to customers
14.57%
Deposits from customers
19.84%
Total equity
15.84%
Total Assets Trend
9.98%
Net Interest Income Trend
-5.24%
Cost to Income Ratio
-2.63%
Loans to Deposits Ratio
3.9%
Loans to Asset Ratio
3.53%

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