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Azerbaijani bank in Montenegro changes name
Finance
- 23 September, 2016
- 06:24
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Baku. 23 September. REPORT.AZ/ Montenegro's Azmont Bank has changed its name to Nova Bank AD Podgorica.
Report informs referring to the foreign media.
Notably, Azmont Bank is owned by Azmont Investment, a subsidiary of Azerbaijan Global Investments (AGI). The bank was established in June with capital of 11.98 million EUR ($13.4 million).
Azmont Investment is currently involved in the construction of the Portonovi resort which will cover an area of 26 ha and feature a luxury hotel, 500 residential units and villas, a marina with 220 berths for super yachts, yacht and beach clubs, spas and restaurants.
The resort will be put into operation in summer 2018.
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