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Lovcen Banka AD (Montenegro)

Main Activities: Commercial Banking
Full name: Lovcen Banka AD Profile Updated: September 26, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Lovcen Banka AD is a company located in Podgorica, Montenegro. The company's mission is to contribute to the development of Montenegrin companies, support citizen initiatives, and promote national economic growth by creating new economic opportunities. Lovcen Banka believes in its clients' projects and supports them through simple procedures, loyalty, and maximum discretion to ensure their financial stability, growth, and development for generations to come. The bank's vision is unstoppable and is already being realized. Lovcen Banka exists for its clients and listens to the market in order to support the development of Montenegro and be the number one banking option in the country. The bank's professional team will build a shared future with its clients by providing them with financial solutions that help them grow and develop, relying on Lovcen Banka. The bank offers a wide range of products, including housing loans with a grace period and loans with bi-monthly installments. In the future, the bank will focus on offering solutions that meet the needs of its clients, continuously improving the quality of its offerings, and being market-oriented.

Headquarters
56/I Dzhordzh Vashington Blvd
Podgorica; Podgorica; Postal Code: 81000

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Website: http://lovcenbanka.me/

Basic Information
Outstanding Shares:
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Registered Capital:
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Incorporation Date:
2014
Key Executives
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Chief Executive Officer
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
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Member of Board of Directors
Ownership Details
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28.16%
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20.13%
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15.67%
Company Performance
Financial values in the chart are available after Lovcen Banka AD 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
14.78%
Net fee and commission income
118.66%
Operating profit (EBIT)
59.26%
Net Profit (Loss) for the Period
39.22%
Total assets
2.25%
Loans and advances to customers
-1.77%
Deposits from customers
3.01%
Total equity
33.14%
Total Assets Trend
-17.38%
Net Interest Income Trend
-7.84%
Cost to Income Ratio
-3.17%
Loans to Deposits Ratio
-0.18%
Loans to Asset Ratio
-1.55%

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