Flag of Montenegro>

Economy and Banking Sector of Montenegro

Major Banks of Montenegro

Rank
1
Total Assets
691.36 mln EUR  (+12.44%)
Market Share
15.69 %
Rank
2
Total Assets
530.46 mln EUR  (+9.74%)
Market Share
12.04 %
Rank
3
Total Assets
520.34 mln EUR  (+6.06%)
Market Share
11.81 %
Rank
4
Total Assets
506.84 mln EUR  (+2.43%)
Market Share
11.50 %
Rank
5
Total Assets
489.04 mln EUR  (+6.36%)
Market Share
11.10 %
Rank
6
Total Assets
396.08 mln EUR  (+5.31%)
Market Share
8.99 %
Rank
7
Total Assets
266.83 mln EUR  (+16.69%)
Market Share
6.05 %

#1: Crnogorska komercijalna banka AD Podgorica

Crnogorska komercijalna banka (CKB) is a universal commercial bank providing retail, private and corporate banking products and services.

Services
retail banking
private banking
SME banking
corporate banking
Clients
residents
non-residents
Area Served
Montenegro
internationally

Crnogorska komercijalna banka AD Podgorica is the 1st largest bank in Montenegro in terms of total assets. In 2018 its total assets were 691,36 mln EUR, providing the bank with the market share of 15.69%. In 2018 the bank's net income was 10,08 mln EUR.

Crnogorska komercijalna banka AD Podgorica participates in the deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50,000 EUR per bank per depositor.

#2: Podgorička banka AD Podgorica

In February 2019, Societe Generale Montenegro was sold to OTP Bank (Hungary) and became Podgorička banka. Podgorička banka is a modern and dynamic financial institution which provides a wide range of banking services through its branch network to individuals and legal entities.

Services
retail banking
SME banking
corporate banking
Clients
residents
non-residents
Area Served
Montenegro
internationally

Podgorička banka AD Podgorica is the 2nd largest bank in Montenegro in terms of total assets. In 2018 its total assets were 530,46 mln EUR, providing the bank with the market share of 12.04%. In 2018 the bank's net income was 10,66 mln EUR.

Podgorička banka AD Podgorica participates in the deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50,000 EUR per bank per depositor.

#3: ERSTE Bank AD Podgorica

ERSTE Bank is present in Montenegro since July 2009. ERSTE Bank offers a wide range of retail and corporate banking products and services to individuals and businesses, including loans, deposits, SWIFT international transactions, domestic payments, payment cards and e-banking.

Services
retail banking
corporate banking
Clients
residents
non-residents
Area Served
Montenegro
internationally

ERSTE Bank AD Podgorica is the 3rd largest bank in Montenegro in terms of total assets. In 2018 its total assets were 520,34 mln EUR, providing the bank with the market share of 11.81%. In 2018 the bank's net income was 10,23 mln EUR.

ERSTE Bank AD Podgorica participates in the deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50,000 EUR per bank per depositor.

#4: Hipotekarna banka AD Podgorica

Hipotekarna Banka is a universal commercial bank, providing retail, corporate and investment banking products and services to individuals and businesses.

Services
retail banking
corporate banking
investment banking
Clients
residents
Area Served
Montenegro

Hipotekarna banka AD Podgorica is the 4th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 506,84 mln EUR, providing the bank with the market share of 11.50%. In 2017 the bank's net income was 4,22 mln EUR.

Hipotekarna banka AD Podgorica participates in the deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50,000 EUR per bank per depositor.

#5: NLB Banka AD Podgorica

NLB Banka AD Podgorica is a universal commercial bank, providing retail and corporate banking products and services to individuals, small- and medium-sized enterprises as well as other businesses.

Services
retail banking
corporate banking
Clients
residents
Area Served
Montenegro
Products
current accounts
debit cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
housing loans
student loans

NLB Banka AD Podgorica is the 5th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 489,04 mln EUR, providing the bank with the market share of 11.10%. In 2018 the bank's net income was 7,57 mln EUR.

NLB Banka AD Podgorica participates in the deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50,000 EUR per bank per depositor.

#6: Prva banka Crne Gore AD Podgorica

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.

Services
retail banking
corporate banking
investment banking
Clients
residents
non-residents
Area Served
Montenegro
internationally

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 scheme covers accounts up to 50,000 EUR per bank per depositor.

#7: Universal Capital Bank AD Podgorica

Universal Capital Bank is a universal commercial bank providing retail, corporate and investment banking products and services to both private individuals and corporate customers.

Services
retail banking
corporate banking
investment banking
Clients
residents
non-residents
Area Served
Montenegro
internationally

Universal Capital Bank AD Podgorica is the 7th largest bank in Montenegro in terms of total assets. In 2018 its total assets were 266,83 mln EUR, providing the bank with the market share of 6.05%. In 2018 the bank's net income was 1,04 mln EUR.

Universal Capital Bank AD Podgorica participates in the deposit guarantee scheme of Montenegro. This scheme covers accounts up to 50,000 EUR per bank per depositor.

See Also