Banks in Montenegro are mainly focusedon the following areas:
Central Bank of Montenegro
Currently there are 12 credit institutions operating in Montenegro.
In 2020 consolidated banking assets in Montenegro were 4,586.51 mln EUR. The consolidated banking assets' evolution is shown at Chart 1 below.
Chart 1. Consolidated banking assets in Montenegro.
Recent structural changes (2013 - 2022) of the banking sector of Montenegro are summarised in Table 1.
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |
| Opened Banks | 0 | 1 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Closed Banks | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 1 | 1 | 0 |
| Change | 0 | +1 | +2 | +1 | 0 | 0 | -2 | -1 | -1 | 0 |
Table 1. Recent structural changes in the banking sector of Montenegro.
The list of the most recently opened banks in Montenegro is provided in Table 2.
| Name | Start Date |
|---|---|
 | March 2016 |
 | April 2015 |
 | January 2015 |
 | April 2014 |
Table 2. The most recently opened banks in Montenegro.
All the credit institutions operating in Montenegro can be classified into several categories. Table 3 summarises the number of banks in each category.
| Category | Number of Banks |
|---|---|
| Banks | 11 |
| Central banks | 1 |
Table 3. Number of banks by category in Montenegro.
Deposit guarantee scheme is a financial stability mechanism implemented in many countries to protect bank depositors against the loss of their deposits in the case when a bank is unable to meet its obligations to depositors by compensating certain deposits held by depositors of the bank. This compensation is paid out from the contributions which banks have made into a deposit guarantee fund.
From a depositor's point of view it is important to know:
All these details about deposit guarantee scheme in Montenegro are summarised in Table 4.
Table 4. Deposit guarantee scheme in Montenegro.
In Montenegro there is one deposit guarantee fund, namely Deposit Protection Fund (FZD).
Moody's country ceilings for deposits specify the highest rating that can be assigned to local- or foreign- currency denominated deposit obligations of a bank or other deposit taking institution domiciled within that country.
Foreign currency deposit ceiling for Montenegro is Baa3 (lower medium grade).
