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Economy and Banking Sector of Montenegro

Major Banks of Montenegro

Rank
1
Total Assets
816.57 mln EUR  (+18.11%)
Market Share
20.11 %
Rank
2
Total Assets
605.07 mln EUR  (+16.28%)
Market Share
14.90 %
Rank
3
Total Assets
547.18 mln EUR  (+11.89%)
Market Share
13.47 %
Rank
4
Total Assets
530.48 mln EUR  (+4.66%)
Market Share
13.06 %
Rank
5
Total Assets
392.21 mln EUR  (-0.98%)
Market Share
9.66 %
Rank
6
Total Assets
317.18 mln EUR  (+18.87%)
Market Share
7.81 %
Rank
7
Total Assets
227.33 mln EUR  (-4.45%)
Market Share
5.60 %

#1: Crnogorska komercijalna banka AD Podgorica

Crnogorska komercijalna banka (CKB) is a universal commercial bank providing retail, private and corporate banking products and services. CKB's mission is to change Montenegrin economy by bringing them closer to European one.

Services
retail banking
private banking
SME banking
corporate banking
Clients
natural persons
companies
Area Served
MEMontenegro
internationally
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
children savings accounts
consumer loans
car loans
mortgage loans
construction loans
safe deposit boxes

Crnogorska komercijalna banka AD Podgorica is the 1st largest bank in Montenegro in terms of total assets. In 2019 its total assets were 816,57 mln EUR, providing the bank with the market share of 20.11%. In 2019 the bank's net income was 4,95 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: 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
business banking
Clients
natural persons
companies
Area Served
MEMontenegro
internationally
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
investment funds
trading accounts
consumer loans
car loans
mortgage loans

ERSTE Bank AD Podgorica is the 2nd largest bank in Montenegro in terms of total assets. In 2019 its total assets were 605,07 mln EUR, providing the bank with the market share of 14.90%. In 2019 the bank's net income was 12,27 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.

#3: 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
business banking
Clients
natural persons
companies
Area Served
MEMontenegro
Products
current accounts
debit cards
savings accounts
time deposit accounts
cash loans
consumer loans
car loans
mortgage loans
housing loans
student loans

NLB Banka AD Podgorica is the 3rd largest bank in Montenegro in terms of total assets. In 2019 its total assets were 547,18 mln EUR, providing the bank with the market share of 13.47%. In 2019 the bank's net income was 8,10 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.

#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
business banking
investment banking
Clients
natural persons
companies
Area Served
MEMontenegro
Products
current accounts
payment cards
deposit accounts
trading accounts
consumer loans
cash loans
business loans

Hipotekarna banka AD Podgorica is the 4th largest bank in Montenegro in terms of total assets. In 2019 its total assets were 530,48 mln EUR, providing the bank with the market share of 13.06%. In 2019 the bank's net income was 4,86 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: 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
natural persons
companies
Area Served
MEMontenegro
internationally
Products
current accounts
debit cards
credit cards
savings accounts
cash loans
consumer loans
mortgage loans
bank guarantees

Prva banka Crne Gore AD Podgorica is the 5th largest bank in Montenegro in terms of total assets. In 2019 its total assets were 392,21 mln EUR, providing the bank with the market share of 9.66%. In 2019 the bank's net income was 1,22 mln 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.

#6: Universal Capital Bank AD Podgorica

Universal Capital Bank started its operations in 2007, mainly focusing on business customers. In 2012 Universal Capital Bank expanded its services and commenced engaging in personal banking. In April 2016 Universal Capital Bank opened a branch office in Dubai. Universal Capital Bank operates as 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
natural persons
companies
Area Served
MEMontenegro
internationally
Products
current accounts
debit cards
credit cards
savings accounts
time deposit accounts
cash loans
refinancing loans
micro loans
student loans
trading accounts

Universal Capital Bank AD Podgorica is the 6th largest bank in Montenegro in terms of total assets. In 2019 its total assets were 317,18 mln EUR, providing the bank with the market share of 7.81%. In 2019 the bank's net income was 3,24 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.

#7: Addiko Bank AD Podgorica

Addiko Bank was established in 2015, when Advent International and the European Bank for Reconstruction and Development acquired Hypo Alpe Adria with its Southeast Europe banking network from Heta Asset Resolution. Addiko Bank repositioned itself as a specialist consumer and SME banking group with a focus on growing its consumer business and SME lending activities as well as payment services, offering unsecured personal loan products for consumers and working capital loans for its SME customers funded largely by retail deposits. Addiko Bank’s mortgage business, public lending and large corporate lending portfolios are gradually reduced over time, thereby providing liquidity and capital for the gradual growth in its consumer business and SME lending.

Services
retail banking
SME banking
business banking
Clients
natural persons
SMEs
companies
Area Served
MEMontenegro
internationally
Products
current accounts
debit cards
savings accounts
time deposit accounts
credit cards
consumer loans
car loans
mortgage loans

Addiko Bank AD Podgorica is the 7th largest bank in Montenegro in terms of total assets. In 2019 its total assets were 227,33 mln EUR, providing the bank with the market share of 5.60%. In 2019 the bank's net income was 3,37 mln EUR.

Addiko 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