Atlas banka AD Podgorica

Founded in 2002, Atlas Bank is one of the leading business banks in Montenegro, providing a wide range of retail and corporate banking services.

Services

Retail Banking
Corporate Banking

Financials

Total Assets (2017)
256.37 mln EUR  (-1.17%)
Net Income (2017)
310 000.00 EUR  (+156.20%)

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.

Contacts

Vaka Đurovića bb, 81000, Podgorica, Montenegro
+ 382 20 407 200
+382 20 665 451

Atlas banka AD Podgorica is headquartered in Podgorica.

Bank Identifiers

BIC (SWIFT)
ATLMMEP2
Company Number
40000398
Start Date
18 December 2002

Business Summary

Services
retail banking
corporate banking
Eligible Clients
residents
non-residents
Products
current accounts
savings accounts
term deposit accounts
payment cards
Western Union money transfers
loans
trade finance

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.

Financial Positions

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.

Total Assets of Atlas banka AD Podgorica.

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.

2016 2017 % change
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%
Total Assets 259.4 256.4 -1.17%
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.

2016 2017 % change
Bank deposits 0.0 0.0 0.00%
Customer deposits 196.6 201.5 +2.49%
Amount owed to customers 26.6 17.5 -34.24%
Total Liabilities 259.4 256.4 -1.17%
Table 2. Recent changes in total liabilities of Atlas banka AD Podgorica (mln EUR).

Profit and Loss

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.

2016 2017 % change
Interest Income 9.0 7.3 -18.85%
Interest Charges -5.0 -3.6 -28.14%
Net Interest Income 3.9 3.7 -6.98%
Commission Income 10.4 14.8 +41.93%
Commission Charges -4.7 -6.8 +46.65%
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.

Net Income of Atlas banka AD Podgorica.

Chart 2. Net Income of Atlas banka AD Podgorica.

Market Share and Rank (among banks in Montenegro)

Total Assets (2016)
7th (market share 6.84%)

In 2016 Atlas banka AD Podgorica was ranked the 7th largest bank in Montenegro in terms of total assets, having 6.84% of the domestic market share.

Market share of Atlas banka AD Podgorica (among banks in Montenegro)

Chart 3. Market share of Atlas banka AD Podgorica (among banks in Montenegro)

Several banks having the market shares and ranks closest to Atlas banka AD Podgorica are shown below.

RankNameTotal AssetsMarket Share
6Prva banka Crne Gore AD Podgorica439.98 mln EUR9.92%
7Atlas banka AD Podgorica259.40 mln EUR6.84%
8Addiko Bank AD Podgorica253.81 mln EUR6.70%
 

Deposit Guarantee

Deposit Guarantee
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

Further Information

BIC

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.

BIC  ATLMMEP2
Bank BIC Code  ATLM
Country Code  ME (Montenegro)
Location Code  P2
Branch Code  -

Company Registration Number

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.

Company Number  40000398