Created by Anna Mileiko 
Prva Banka Crne Gore (First Bank of Montenegro) traces its roots back to 1901 when Niksic Saving Bank was founded which became the first bank in Montenegro. In 2007 after more than a century the bank changed its name to Prva Banka Crne Gore. Prva Banka Crne Gore operates as a modern universal bank providing retail, corporate and investment banking products and services at fair prices to individuals, business entities and public sector.
In 2023, Prva banka Crne Gore AD Podgorica achieved the position of 8th largest bank in Montenegro with a market share of 5.29%; its total assets grew by 2.17%.
Additionally, the bank became the 10th profitable bank in relation to its total assets showcasing 0.02% return on assets and 0.24% return on equity in 2023.
Deposits up to 50,000 EUR are covered by Montenegro's deposit guarantee scheme in Prva banka Crne Gore AD Podgorica.
Montenegro
internationally
EUR (Euro)
USD (US dollar)
Becoming a client of Prva banka Crne Gore AD Podgorica can be done in a few steps:
Prva banka Crne Gore AD Podgorica performs client's identity verification via branch visit.
branch
online banking
mobile app
Montenegro Stock Exchange (XMNX)
Prva banka Crne Gore AD Podgorica ranks as the 8th largest bank in Montenegro by total assets. In 2023 its total assets were 338.78 mln EUR, representing a 5.29% market share. In 2023 the bank's net income was 75,607.04 EUR.
Deposit Protection Fund (FZD)Prva banka Crne Gore 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 broj 141, 81000, Podgorica, MontenegroPrva banka Crne Gore AD Podgorica is headquartered in Podgorica.
Prva banka Crne Gore AD Podgorica has profiles at the following social networks:
Prva banka Crne Gore AD Podgorica is authorized and supervised by the Central Bank of Montenegro.
MontenegrointernationallyEURUSDMasterCardVisaPrva banka Crne Gore AD Podgorica provides products and services in the areas of retail banking, corporate banking, investment banking. Prva banka Crne Gore AD Podgorica offers a range of products including current accounts, debit cards, credit cards, savings accounts, cash loans, consumer loans, mortgage loans, bank guarantees. Prva banka Crne Gore AD Podgorica makes its solutions available to natural persons, companies.
Opening an account with Prva banka Crne Gore AD Podgorica can be done by performing the following steps: visit bank branch.
Prva banka Crne Gore AD Podgorica requires the following documents to open a personal bank account: passport or ID card; application form and PEP form.
While opening a bank account Prva banka Crne Gore AD Podgorica has to perform KYC procedure and comply with AML requirements. KYC procedure usually includes obtaining the information about customer identity, residential address, current occupation and source of income. KYC checks performed by Prva banka Crne Gore AD Podgorica and the documents used are outlined below.
Prva banka Crne Gore AD Podgorica may require additional documentation or information depending on the case.
Prva banka Crne Gore AD Podgorica performs identity verification using branch visit.
branch online banking mobile appProducts and services offered by Prva banka Crne Gore AD Podgorica are available at its branches and via its online banking system, mobile application.
In 2023 total assets of Prva banka Crne Gore AD Podgorica were 338.78 mln EUR. Growth compared to the previous period (2022) was 2.17%. The evolution of the total assets of Prva banka Crne Gore AD Podgorica is shown at Chart 1 below.
Chart 1. Total Assets of Prva banka Crne Gore AD Podgorica.
Recent changes in total assets of Prva banka Crne Gore AD Podgorica and its main components are shown in Table 1.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Cash and deposits with Central Banks | 88.3 | 82.6 | -6.52% |
| Loans to banks | 5.1 | 6.7 | +30.70% |
| Loans to customers | 166.7 | 171.2 | +2.72% |
| Total Assets | 331.6 | 338.8 | +2.17% |
Table 1. Recent changes in total assets of Prva banka Crne Gore AD Podgorica (mln EUR).
Recent changes in total liabilities of Prva banka Crne Gore AD Podgorica and its main components are shown in Table 2.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Bank deposits | 0.0 | 0.0 | +2,824.57% |
| Customer deposits | 285.4 | 290.5 | +1.79% |
| Amount owed to banks | 0.0 | 0.0 | 0.00% |
| Amount owed to customers | 2.3 | 2.1 | -6.45% |
| Total Liabilities | 331.6 | 338.8 | +2.17% |
Table 2. Recent changes in total liabilities of Prva banka Crne Gore AD Podgorica (mln EUR).
Recent changes in gross profit of Prva banka Crne Gore AD Podgorica and its main components are shown in Table 3.
| 2022 | 2023 | change (%) | |
|---|---|---|---|
| Interest Income | 9.4 | 10.4 | +10.99% |
| Interest Charges | -2.8 | -3.0 | +5.67% |
| Net Interest Income | 6.7 | 8.4 | +25.47% |
| Commission Income | 5.7 | 7.2 | +27.00% |
| Commission Charges | -3.7 | -4.7 | +27.14% |
| Net Commission Income | 2.0 | 2.5 | +26.72% |
Table 3. Recent changes in gross profit of Prva banka Crne Gore AD Podgorica (mln EUR).
In 2023 net income of Prva banka Crne Gore AD Podgorica was 75,607.04 EUR. Growth compared to the previous period (2022) was 22.32%. The evolution of the net income of Prva banka Crne Gore AD Podgorica is shown at Chart 2 below.
Chart 2. Net Income of Prva banka Crne Gore AD Podgorica.
In 2023 Prva banka Crne Gore AD Podgorica was ranked the 8th largest bank in Montenegroin terms of total assets, having 5.29% of the domestic market share.
Chart 3. Market share of Prva banka Crne Gore AD Podgorica (among banks in Montenegro)
Historical changes in Prva banka Crne Gore AD Podgorica's domestic rank and market share over 2019-2023 are shown below:
| Year | Rank | Market % |
|---|---|---|
| 2023 | 8 | 5.29 % |
| 2022 | 9 | 5.18 % |
| 2021 | 6 | 5.83 % |
| 2020 | 5 | 7.73 % |
| 2019 | 6 | 8.52 % |
TheBanks.eu identified several banks banks having the market shares and ranks closest to Prva banka Crne Gore AD Podgorica listed below.
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 7 |  | 5.52% | 353.64 mln EUR (+2.25%) |
| 8 | | 5.29% | 338.78 mln EUR (+2.17%) |
| 9 |  | 3.65% | 234.05 mln EUR (+7.10%) |
Discover key identifiers of Prva banka Crne Gore AD Podgorica including its BIC, company number.
BIC: PRVAMEPG
The BIC (also known as SWIFT code) for Prva banka Crne Gore AD Podgorica is PRVAMEPG. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
| Key | Value |
|---|---|
| BIC | PRVAMEPG |
| Bank BIC Code | PRVA |
| Country Code | ME (Montenegro) |
| Location Code | PG |
| Branch Code | - |
Company Registration Number: 40000732
Prva banka Crne Gore AD Podgorica is registered in Montenegro under company number 40000732. 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 | 40000732 |
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