Code of Ethics

Crnogorska Komercijalna Banka a.d. Podgorica with more than 20 years of experience, has been for years now a dominant participant on the banking and capital markets of Montenegro. Tireless efforts and commitment of our employees, transparent and ethical way of business, client centricity, long-term loyalty of our clients, responsible and sustainable business practices are some of key ingredients of CKB’s success in addition to usual, financial parameters. The basis and guidelines of ethical business operation are summarized in the Code of Ethics.

Familiarization and compliance with the document, and the monitoring of the changes are key requirements from all employees and external partners.

Code of Ethics is available for download here.

Conflict of Interest Policy

Crnogorska Komercijalna Banka a.d. Podgorica (hereinafter: Bank) is engaged in providing financial and investment services to its clients.

In order to avoid, detect and manage conflicts of interest that may be detrimental to the clients, the Bank has developed a regulation whose main principles and procedures are contained within Conflict of Interest Policy.

The Conflict of Interest Policy summarizes the circumstances that lead or may lead to a conflict of interest potentially causing adverse consequences for the client.

The Policy of Conflict of Interest is available for download here.

Anti-corruption policy of CKB

Both the Crnogorska komercijalna banka a.d. Podgorica, member of OTP group (hereinafter: Bank) and OTP group are committed to combating corruption. The owners and leaders of the Bank apply zero tolerance towards all forms of bribery and corruption (gaining of unfair advantages).

The provisions of this Policy (hereinafter: Policy) have been formulated in accordance with the applicable Montenegrian legislation, OTP group standards and the Anti-Corruption Guidance of the Wolfsberg Group.

The purpose of the Policy is to define the principles of the Bank’s anti-corruption activity, to define the areas especially exposed to the risk of corruption, and to serve as a core document for the formulation of the regulatory documents required for the Bank’s anti-corruption efforts and for the affected employees’ anti-corruption activity.

The principles and provisions of the Policy apply to the Bank’s entire organization, spanning the full spectrum of its operation from the formulation of internal regulatory documents, the contracts to be concluded with partners to the actions of individual employees and are applicable to all of the Bank’s activities.

The unit responsible for this Policy is the Compliance Department.

Anti-corruption policy of CKB is available for download here.