Opportunity Bank
Encyclopedia
Erste Bank AD Podgorica Montenegro, was formally licensed by the Central Bank of Montenegro
on 23 April 2002, and became operational on 29 May 2002.
Opportunity Bank is Opportunity International
's first fully licensed bank in the region. Opportunity International, via funding and support from USAID, is the bank's majority shareholder. Opportunity Bank opened its doors to the public on 1 July 2002. The bank was formally inaugurated by the US Ambassador to Yugoslavia, His Excellency William Montgomery on 18 September 2002.
Since 2002, Opportunity Bank has implemented credit lines from the German development bank, Kreditanstalt fur Wiederaufbau (KfW
), the Swiss Agency for Development and Cooperation (SDC), European Bank for Reconstruction and Development (EBRD), the International Finance Corporation
(IFC), the responsibility fund, Oikocredit
, Symbiotics and Blue Orchard. All of these credit lines have been directed at supporting the micro, small and medium sized private business sector in Montenegro.
In 2009 Erste & Steiermärkische Bank (Erste Bank) completed the acquisition of Opportunity Bank Montenegro, acquiring 100% shares of the former member of Opportunity International, a US-based non-profit microfinance organization.
On July 24th 2009, Opportunity Bank officially changed its name to ERSTE BANK AD Podgorica.
Central Bank of Montenegro
The Central Bank of Montenegro is the central bank of Montenegro. The mission of the central bank is to establish and maintain a sound banking system and monetary policy.-Overview:...
on 23 April 2002, and became operational on 29 May 2002.
Opportunity Bank is Opportunity International
Opportunity International
Opportunity International is an organization that provides small business loans, savings, insurance and training to more than two million people working their way out of poverty in the developing world...
's first fully licensed bank in the region. Opportunity International, via funding and support from USAID, is the bank's majority shareholder. Opportunity Bank opened its doors to the public on 1 July 2002. The bank was formally inaugurated by the US Ambassador to Yugoslavia, His Excellency William Montgomery on 18 September 2002.
Since 2002, Opportunity Bank has implemented credit lines from the German development bank, Kreditanstalt fur Wiederaufbau (KfW
KFW
KFW may refer to:*Keith Fullerton Whitman , an American musician*KfW or Kreditanstalt für Wiederaufbau, a German public-sector financial institution...
), the Swiss Agency for Development and Cooperation (SDC), European Bank for Reconstruction and Development (EBRD), the International Finance Corporation
International Finance Corporation
The International Finance Corporation promotes sustainable private sector investment in developing countries.IFC is a member of the World Bank Group and is headquartered in Washington, D.C., United States....
(IFC), the responsibility fund, Oikocredit
Oikocredit
Oikocredit is a cooperative society that offers loans or investment capital for microfinance institutions, cooperatives and small and medium-sized enterprises in developing countries. It is one of the world's largest private financiers of the microfinance sector...
, Symbiotics and Blue Orchard. All of these credit lines have been directed at supporting the micro, small and medium sized private business sector in Montenegro.
In 2009 Erste & Steiermärkische Bank (Erste Bank) completed the acquisition of Opportunity Bank Montenegro, acquiring 100% shares of the former member of Opportunity International, a US-based non-profit microfinance organization.
On July 24th 2009, Opportunity Bank officially changed its name to ERSTE BANK AD Podgorica.