Awards for Excellence 2008: Montenegro

As the second largest financial institution in Montenegro, NLB Montenegrobanka is a key player in the country’s burgeoning banking sector, serving a growing number of retail and corporate customers through its 15-strong branch network. In 2007, the bank nearly tripled its profits to €3.4 million. As a member of Slovenia’s NLB banking group, NLB Montenegrobanka has helped to forge important economic links between Slovenia and Montenegro. By providing consumer loans for goods manufactured by Slovene producers, the bank has helped Slovene companies to enter the Montenegrin market. At the same time it provides loans and other forms of export financing to Montenegrin companies exporting to Slovenia.