Azmont Investments to set up bank in Montenegro

Azmont Investments from Azerbaijan announced it will set up a bank in Montenegro.

- Having in mind an extensive experience AGI has in finance and developmental options of banking sector in Montenegro, Azmont Investments decided to set up a bank in Montenegro. As a founder of the bank, the company will finalize activities in providing banking license and continue official application for it at the Central Bank of Montenegro - Azmont communicated.

Apart from that, the company announced it will set up the implementation of the Portonovi project, in line with the contract on presentation signed with SOCAR in 2012 so all commitments, rights and liabilities of SOCAR, numbered in the contract on a long-term rent signed with the Government will be transferred to Azmont Investments.

They also explained that in line with the contract on long-term rent, SOCAR will continue acting as a guarantee for Azmont Investments.

They outlined the main objective of AGI is development and implementation of investment projects in non-oil sectors in the region outside Azerbaijan.

Azmont investments doo Herceg Novi

Centralna banka Crne Gore

Vlada Crne Gore

Azmont Investments

Azerbaijan Global Investments

AGI

Portonovi

SOCAR