Founded in 2002, Atlas Bank is one of the leading business banks in Montenegro, providing a wide range of retail and corporate banking services.
In 2017 total assets of Atlas banka AD Podgorica were 256,37 mln EUR. In 2017 the bank's net income was 310 000,00 EUR.
Atlas banka AD Podgorica participates in deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50 000 EUR per bank per depositor.
Atlas banka AD Podgorica is headquartered in Podgorica.
term deposit accounts
Western Union money transfers
Atlas banka AD Podgorica provides products and services in the areas of retail banking, corporate banking. The range of products offered by Atlas banka AD Podgorica includes current accounts, savings accounts, term deposit accounts, payment cards, Western Union money transfers, loans, trade finance. Atlas banka AD Podgorica makes its solutions available to residents, non-residents.
|Total Assets (2017)|
|256.37 mln EUR (-1.17%)|
|Total Equity (2017)|
|32.92 mln EUR (+14.39%)|
In 2017 total assets of Atlas banka AD Podgorica were 256.37 mln EUR. Decline compared to the previous period (2016) was -1.17%. The evolution of the total assets of Atlas banka AD Podgorica is shown at Chart 1 below.
Chart 1. Total Assets of Atlas banka AD Podgorica.
Recent changes in total assets of Atlas banka AD Podgorica and its main components are shown in Table 1.
|Cash and deposits with Central Banks||30.0||23.8||-20.62%|
|Loans to banks||46.1||64.9||+40.80%|
|Loans to customers||109.4||86.3||-21.14%|
|Table 1. Recent changes in total assets of Atlas banka AD Podgorica (mln EUR).|
Recent changes in total liabilities of Atlas banka AD Podgorica and its main components are shown in Table 2.
|Amount owed to customers||26.6||17.5||-34.24%|
|Table 2. Recent changes in total liabilities of Atlas banka AD Podgorica (mln EUR).|
|Operating Income (2017)|
|313 000.00 EUR (+169.83%)|
|Net Income (2017)|
|310 000.00 EUR (+156.20%)|
Recent changes in gross profit of Atlas banka AD Podgorica and its main components are shown in Table 3.
|Net Interest Income||3.9||3.7||-6.98%|
|Net Commission Income||5.7||7.9||+38.10%|
|Table 3. Recent changes in gross profit of Atlas banka AD Podgorica (mln EUR).|
In 2017 net income of Atlas banka AD Podgorica was 310 000.00 EUR. Growth compared to the previous period (2016) was 156.20%. The evolution of the net income of Atlas banka AD Podgorica is shown at Chart 2 below.
Chart 2. Net Income of Atlas banka AD Podgorica.
|Yes (up to 50 000 EUR per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Montenegro are obliged to participate in Montenegro's deposit guarantee scheme.
In the case of Atlas banka AD Podgorica failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons, entrepreneurs, legal entities|
|Covered Accounts||all deposit accounts|
|Maximum Protected Amount||50 000 EUR|
|Paid In Currency||EUR|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of Atlas banka AD Podgorica and its components are shown in the table below.
|Bank BIC Code||ATLM|
|Country Code||ME (Montenegro)|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.