Created by Anna Mileiko 
Invest banka Montenegro is a universal commercial bank, providingretail, corporate and investment banking products and services to individualsand businesses, both residents and non-residents of Montenegro. In December 2018, Central Bank of Montenegro placed Atlas Banka and Invest Banka under temporary administration due to poor financial conditions of the both banks. On January 4, 2019 Central Bank of Montenegro initiated bankruptcy proceedings against Invest Banka Montenegro AD Podgorica.
In 2018, Invest banka Montenegro AD Podgorica achieved the position of 14th largest bank in Montenegro with a market share of 0.93%; its total assets dropped by 9.48%.
Additionally, the bank became the 15th profitable bank in relation to its total assets showcasing -16.31% return on assets and -126.45% return on equity in 2018.
Deposits up to 50,000 EUR are covered by Montenegro's deposit guarantee scheme in Invest banka Montenegro AD Podgorica.
Montenegro
internationally
branch
online banking
Montenegro Stock Exchange (XMNX)
Invest banka Montenegro AD Podgorica ranked as the 14th largest bank in Montenegro by total assets. In 2018 its total assets were 41.02 mln EUR, representing a 0.93% market share. In 2018 the bank's net income was -7.04 mln EUR.
Deposit Protection Fund (FZD)Invest banka Montenegro AD Podgorica protects deposits up to up to 50,000 EUR per depositor through Montenegro's deposit guarantee scheme. The scheme applies to all deposit accounts made by natural persons (Montenegrin and foreign), legal entities. The bank participates in the Deposit Protection Fund (FZD), making regular contributions into it.
Bulevar Svetog Petra Cetinjskog 115, 81000, Podgorica, Montenegro
+382 20 407 900
+382 20 407-956
http://www.invest-banka.com/Invest banka Montenegro AD Podgorica was headquartered in Podgorica.
Invest banka Montenegro AD Podgorica was authorized and supervised by the Central Bank of Montenegro.
MontenegrointernationallyInvest banka Montenegro AD Podgorica provides products and services in the areas of retail banking, corporate banking, investment banking. Invest banka Montenegro AD Podgorica makes its solutions available to residents, non-residents.
branch online bankingProducts and services offered by Invest banka Montenegro AD Podgorica are available at its branches and via its online banking system.
In 2018 total assets of Invest banka Montenegro AD Podgorica were 41.02 mln EUR. Decline compared to the previous period (2017) was -9.48%. The evolution of the total assets of Invest banka Montenegro AD Podgorica is shown at Chart 1 below.
Chart 1. Total Assets of Invest banka Montenegro AD Podgorica.
Recent changes in total assets of Invest banka Montenegro AD Podgorica and its main components are shown in Table 1.
| 2017 | 2018 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 3.0 | 4.5 | +51.12% |
| Loans to banks | 1.6 | 11.6 | +618.00% |
| Loans to customers | 23.3 | 16.4 | -29.47% |
| Total Assets | 45.3 | 41.0 | -9.48% |
Table 1. Recent changes in total assets of Invest banka Montenegro AD Podgorica (mln EUR).
Recent changes in total liabilities of Invest banka Montenegro AD Podgorica and its main components are shown in Table 2.
| 2017 | 2018 | change (%) | |
|---|---|---|---|
| Bank deposits | 0.0 | 0.0 | |
| Customer deposits | 26.2 | 40.3 | +53.84% |
| Amount owed to banks | 0.0 | 0.0 | 0.00% |
| Amount owed to customers | 5.0 | 2.8 | -44.78% |
| Total Liabilities | 45.3 | 41.0 | -9.48% |
Table 2. Recent changes in total liabilities of Invest banka Montenegro AD Podgorica (mln EUR).
Recent changes in gross profit of Invest banka Montenegro AD Podgorica and its main components are shown in Table 3.
| 2017 | 2018 | change (%) | |
|---|---|---|---|
| Interest Income | 1.7 | 1.1 | -38.25% |
| Interest Charges | -1.1 | -1.0 | -7.10% |
| Net Interest Income | 0.6 | 0.5 | -20.32% |
| Commission Income | 0.3 | 1.0 | +225.93% |
| Commission Charges | -0.3 | -0.4 | +33.84% |
| Net Commission Income | 0.0 | 0.6 | +4,787.06% |
Table 3. Recent changes in gross profit of Invest banka Montenegro AD Podgorica (mln EUR).
In 2018 net income of Invest banka Montenegro AD Podgorica was -7,040,000.43 EUR. Growth compared to the previous period (2017) was 811.39%. The evolution of the net income of Invest banka Montenegro AD Podgorica is shown at Chart 2 below.
Chart 2. Net Income of Invest banka Montenegro AD Podgorica.
In 2018 Invest banka Montenegro AD Podgorica was ranked the 14th largest bank in Montenegroin terms of total assets, having 0.93% of the domestic market share.
Chart 3. Market share of Invest banka Montenegro AD Podgorica (among banks in Montenegro)
Historical changes in Invest banka Montenegro AD Podgorica's domestic rank and market share over 2014-2018 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2018 | 14 | 0.93 % |
| 2017 | 14 | 1.10 % |
| 2016 | 13 | 1.22 % |
| 2015 | 13 | 1.41 % |
| 2014 | 11 | 1.38 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Invest banka Montenegro AD Podgorica listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 13 |  | 1.60% | 102.76 mln EUR (+28.19%) |
| 14 | | 0.93% | 41.02 mln EUR (-9.48%) |
| 15 |  | 8.33% | 533.93 mln EUR (+2.15%) |
Discover key identifiers of Invest banka Montenegro AD Podgorica including its BIC, company number.
BIC: IBMNMEPG
The BIC (also known as SWIFT code) for Invest banka Montenegro AD Podgorica is IBMNMEPG. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | IBMNMEPG |
| Bank BIC Code | IBMN |
| Country Code | ME (Montenegro) |
| Location Code | PG |
| Branch Code | - |
Company Registration Number: 40001690
Invest banka Montenegro AD Podgorica is registered in Montenegro under company number 40001690. In Montenegro,Company Registration Number (Registarski Broj) is assigned automaticallywhen registering a company; the company details are then available in the Central Registry of Business Entities (CRPS - Centralnog Registra Privrednih Subjekata). The registration number is a unique and unchangeable identifier which consist of 8 digits.
| Key | Value |
|---|---|
| Company Number | 40001690 |
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