Founded in 2002, Atlas Banka was one of the leading business banks in Montenegro, providing a wide range of retail and corporate banking services. 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. Since 11 April 2019, Atlas Banka is in in bankruptcy.
Atlas banka AD Podgorica was the 9th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 231,38 mln EUR, providing the bank with the market share of 5.25%. In 2018 the bank's net income was -16,43 mln EUR.
Atlas banka 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. Atlas banka AD Podgorica is a member of Deposit Protection Fund and makes its contributions into it.
Atlas banka AD Podgorica was headquartered in Podgorica.
Atlas banka AD Podgorica was authorized and supervised by the Central Bank of Montenegro.