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.
Due to regulatory requirements Prva banka Crne Gore AD Podgorica performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual Prva banka Crne Gore AD Podgorica will ask him/her to provide the following documents: passport, ID card, PEP form. For corporate clients Prva banka Crne Gore AD Podgorica will ask to provide corporate documentation as well as information about controlling persons. Prva banka Crne Gore AD Podgorica may request additional documentation or information depending on the case.
Prva banka Crne Gore AD Podgorica is the 6th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 396,08 mln EUR, providing the bank with the market share of 8.99%. In 2018 the bank's net income was 337 951,48 EUR.
Prva banka Crne Gore AD Podgorica participates in the deposit guarantee scheme of Montenegro. This deposit guarantee scheme applies to all deposit accounts made by natural persons (Montenegrin and foreign), legal entities and covers up to up to 50,000 EUR per bank per depositor. Prva banka Crne Gore AD Podgorica is a member of Deposit Protection Fund and makes its contributions into it.
Prva banka Crne Gore AD Podgorica is headquartered in Podgorica.