Question 1

What is Addiko Bank AD Podgorica?

Accepted Answer

Addiko Bank AD Podgorica is a specialist consumer and SME bank operating in Montenegro. As of 2024, it ranks as the 10th largest bank in the country with a market share of 3.32% and total assets of 240.48 million EUR. The bank is part of the Addiko Group, an Austrian banking group with operations across Central and South-Eastern Europe, including Slovenia, Croatia, Bosnia and Herzegovina, Serbia, and Montenegro.

The bank focuses on providing unsecured personal loans for consumers and working capital loans for SME customers, funded largely by retail deposits.

Question 2

When was Addiko Bank AD Podgorica founded?

Accepted Answer

Addiko Bank was established in 2015 when Advent International and the European Bank for Reconstruction and Development (EBRD) acquired Hypo Alpe Adria with its Southeast Europe banking network from Heta Asset Resolution. The bank received its operating license in Montenegro on December 29, 2005.

The bank was rebranded to Addiko Bank in July 2016, reflecting the strategic repositioning of the entire Addiko Group. This transformation marked a shift from the former Hypo Alpe-Adria structure to a specialized consumer and SME banking model.

Question 3

Where is Addiko Bank AD Podgorica headquartered?

Accepted Answer

Addiko Bank AD Podgorica is headquartered at Bulevar Džordža Vašingtona 98, The Capital Plaza, in Podgorica, Montenegro. The head office serves as the central administration point for the bank's operations throughout Montenegro.

Question 4

Where does Addiko Bank AD Podgorica operate?

Accepted Answer

Addiko Bank AD Podgorica operates throughout Montenegro with a network of branches and sub-branches in major cities and towns. The bank maintains branches in Kotor and Podgorica, with sub-branches in Bar, Budva, Herceg Novi, Nikšić, Bijelo Polje, and Pljevlja.

Teller desks are also located in strategic locations such as Sutorina and Radanovići industrial zone. This distribution network allows the bank to serve customers across Montenegro's coastal regions, capital area, and northern territories.

Question 5

What services does Addiko Bank AD Podgorica offer?

Accepted Answer

Addiko Bank AD Podgorica provides a comprehensive range of retail banking, SME banking, and business banking services. For retail customers, the bank offers current accounts, debit cards, savings accounts, time deposit accounts, credit cards, consumer loans, car loans, and mortgage loans.

For business clients, the bank provides working capital financing, payment services, and transaction banking solutions. Digital banking services are available through the bank's online banking system and mobile application, enabling customers to manage their accounts remotely.

The bank also offers insurance agency services under approval from the Central Bank of Montenegro. International services include foreign payment operations, foreign exchange trading, and financial derivatives.

Question 6

What makes Addiko Bank AD Podgorica unique?

Accepted Answer

Addiko Bank AD Podgorica distinguishes itself through its specialized focus on consumer and SME banking rather than operating as a universal bank. The bank has strategically reduced its mortgage business, public lending, and large corporate lending portfolios to concentrate resources on growing consumer and SME segments.

In 2024, the bank demonstrated strong profitability, ranking as the 9th most profitable bank in Montenegro with a 1.29% return on assets and 8.11% return on equity. The bank's participation in Montenegro's Deposit Protection Fund (FZD) provides deposit insurance coverage up to 50,000 EUR per depositor.

Addiko Bank is supervised by both the Central Bank of Montenegro and, as part of the Addiko Group designated as a Significant Institution in 2020, indirectly by the European Central Bank.

Question 7

What type of financial institution is Addiko Bank AD Podgorica?

Accepted Answer

Addiko Bank AD Podgorica is a Komercijalna Banka (Commercial Bank) in Montenegro, operating under a full banking license. It functions as a specialist consumer and SME bank rather than a universal bank.

The bank is authorized to accept deposits, grant loans, issue guarantees, process payment instruments including credit cards, conduct foreign exchange operations, and provide various financial services. As a commercial bank, it operates under the supervision and regulation of the Central Bank of Montenegro, holding registration number 40215615.

Addiko Bank AD Podgorica

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About Addiko Bank AD Podgorica in Montenegro