Letters of Credit

Letters of Credit
  • Letter of credit is an international payment instrument.

  • Types of letter of credit (covered, uncovered, transferable, non-transferable, payable at sight, acceptance) 

Letters of credit user:

All legal entities and entrepreneurs registered in Montenegro

Product price:

Product price is determined on the basis of economic and financial analysis of the company, credit history, turnover on the account with Adriatic Bank, collateral quality and value.


  • Bills of exchange and authorization

  • Authorization of collection right

  • Pledge on movables

  • Mortgage

  • Assignment of receivables

  • Deposit (Cash collateral) 

How to apply for letters of credit?

The SME loan application, along with the necessary documentation, should be submitted to a SME Relationship Manager. Upon the completion of the decision-making process, the SME Relationship Manager will inform the client whether the application has been approved and upon which terms and conditions.