NLB Tutunska banka

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NLB Tutunska Banka a.d. Skopje

Type	Private
Founded	1985
Headquarters	Skopje, Republic of Macedonia
Industry	Finance and Insurance
Products	Commercial banking, Investment banking
Website	NLB Tutunska banka

Tutunska banka is a leading banking institution in the Republic of Macedonia with a steady trend of development and positive results since its establishment through to the present day. It was founded in 1985 and since 1993 it has operated on the market as a commercial bank offering all financial and banking services to clients in the country and abroad. The bank is considered a big bank and according to the total net assets, it is ranked third among the banking institutions in the country. is the major financial partner in the development of and support to small and medium-sized enterprises and the leading bank retail lending. Also by means of partnership with NLB, the bank is achieving favourable business conditions for the development of SMEs, financing of investment projects and export arrangements, creation of new jobs, introduction of new technological lines and modernisation of production as well as support to export-oriented Macedonian companies. It is one of the most successful promoters of Macedonia on international financial markets. One of the foundations of the banks development strategy is also the provision of services for all aspects of financial operations of companies having established business relationships with Slovenia and companies with Slovene equity in Macedonia, thus boosting the existent tradeing between Macedonian and Slovene companies. The majority of Slovene equity investments in Macedonia are also implemented through Tutunska banka, which remains the banks priority for the future.

In terms of its size, Tutunska banka is the third biggest banking institution in Macedonia. Since 2000, it has been one of the most successful member companies of the NLB Group. Its objective is to remain among the leading financial institutions in the country. The bank strives to ensure a high level and modern range of new services as well as to strengthen its tradition. Due to high-quality operations, the magazine The Banker awarded Tutunska banka the 2003 Bank of the Year Award in Macedonia.