Azerbaijani bank in Montenegro changes name

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Baku, September 23, AZERTAC

Azerbaijani capital "Azmont bank” in Montenegro has changed its name to Nova Bank, since June.

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). Its headquarter is located in Podgorica city.

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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