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Erste Bank AD Podgorica has 15 branches covering Montenegrin territory, with emphasis on the southern region. Beside four branches in Podgorica, the Bank has branches in Ulcinj, Bar, Budva, Tivat, Kotor, Herceg Novi, Cetinje, Niksic, Berane, Bijelo Polje, Rozaje and Pljevlja as well. Erste Group is present in Montenegro since March 2009, acquiring 100% shares of the former Opportunity Bank.