Lovćen Bank today marks a full 10 years of successful operations. Since August 2014, the bank has come a long way from growth and development to becoming a modern and successful financial institution.
In ten years, Lovćen Bank has grown significantly. Starting its operations with only three branches in Podgorica, Bar and Kotor, today the bank serves citizens and businesses with a total of sixteen branches and counters throughout Montenegro and even employs 195 people. By moving into a new administrative building on Bulevar knjaza Danila Petrovića and centralizing resources and teams, the bank is now able to offer higher quality service and support. Alongside the expansion of basic capacities, a modern branch has been opened on Bulevar Svetog Petra Cetinjskog in Podgorica, a new branch as part of the administrative building, and soon a branch in Nikšić will be opened in a new, more accessible location.
In the jubilee year, the bank has offered numerous products with additional benefits or more favorable financial terms to support citizens’ financial needs, future aspirations and better daily lives. For the youngest individuals, youths aged 14 to 26, the bank offered a free package and Yolo card for young people, while for the oldest clients, pensioners, it enabled cash loans with reduced interest rates. A cash loan “5 for 5” has been introduced, approved in the amount of €5000 with a repayment term of 5 years. This loan is available not only to clients but also to citizens who are not its clients, and it does not require salary transfer to Lovćen Bank. There have also been promotions on classic savings with higher interest rates, and in the coming months, clients will be offered numerous benefits and new products.
Lovćen Bank invests in the community and socially responsible projects, having allocated €25,000 in the jubilee year to support organizations in the fields of health protection, ecology and nature conservation, education, culture, and heritage preservation, considering it its duty to support the local community and our society, leaving it better for future generations. The bank has supported: the “Ognjen Rakočević” Foundation for helping provide speech therapy for children, the Center for the Protection of Birds of Montenegro (CZIP) by actively participating in the protection of endangered species, the Center for the Protection of Adriatic Biodiversity – Aquarium Boka for the protection of endangered sea turtles, the Multiple Sclerosis Association, the NGO “Vrijedne ruke” from Petnjica, and is expected to equip physics and chemistry classrooms in two primary schools in Podgorica and Nikšić.
In the jubilee year, the bank will continue to expand its operations, create new jobs, continuously implement process digitalization, and introduce new, modern banking products.
