Turkish Ziraat Bank receives permission to open a branch office in Montenegro

14 April 2015 —
The Council of Montenegrin Central Bank has issued a license to turkish 'Ziraat Bank' to operate in Montenegro. Ziraat Bank applied for permission in December 2014 and it is expected that the Turkish lender will begin opening its branches in the coming months.

The situation in the banking sector in Montenegro in the previous year was stable, but still banks have a number of problems, including the biggest problem of non-performing loans. In Montenegro currently operate 12 banks, out of which only "Prva bank", "Atlas bank" and "IBM" are with domestic capital. Read the full story Turkish Ziraat Bank receives permission to open a branch office in Montenegro
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