In Montenegro, the Azerbaijani bank will start working
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The Central Bank of Montenegro has made a positive decision to issue a banking license to the Azerbaijani bank Azmont Banka, which plans to service the construction of the Portonovi complex near Herceg Novi, in the village of Kumbor. The complex will include not only the hotel, spa, boutiques and restaurants, traditional for a hotel of this level, but also its own marina for yachts. The opening is planned for the summer of 2018, however, local residents say that for a long time no activity has been observed at the construction site.
Azmont Banka is a joint offspring of Azmont Investments and Azerbaijan Global Investments. The post of executive director of the bank was taken by Miodrag Radonic, former assistant to the Minister of Finance of Montenegro for the state treasury, who had left his office.
Montenegrin bankers also state that there is another important reason for the bank's opening: it is a Trans-Adriatic pipeline project that provides transportation of gas from the Azerbaijani Shah Deniz field to the European Union countries, and the necessary documents, in particular, a memorandum of cooperation, have already been signed with the government of Montenegro.
Azmont Bank will become the 15th bank in Montenegro.
Photo: cdm.me
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