Moravcevic, Vojnovic, and Partners in cooperation with Schoenherr has advised the owner of the Adriatic Bank Podgorica on the acquisition of Expobank Belgrade. BDK Advokati advised the shareholders of Expobank Belgrade.
The Adriatic Bank Podgorica is the fifth-largest bank in Montenegro in terms of asset size and the youngest bank in the Montenegrin market.
According to Schoenherr, “this transaction is a step towards expanding the successful business of Adriatic Bank Podgorica, which has seen continuous growth since the change in ownership in 2020. The financial stability of the bank is based on profitable operations and liquidity indicators that are among the highest in the system, while its steady growth has been continuously supported by the owner through additional capital and retention of realized profits.”
Schoenherr’s team included Partners Matija Vojnovic, Vojimir Kurtic, Dusan Obradovic, and Danijel Stevanovic.
The BDK Advokati team included Partner Vladimir Dasic and Associate Sanja Dedovic.
