CKB Bank

What CKB Bank does

CKB Bank (legal name: Crnogorska komercijalna banka AD Podgorica) is a Montenegrin joint-stock commercial bank headquartered in Podgorica, founded in 1997 and operating as a wholly-owned subsidiary of OTP Group, one of the largest banking groups in Central and Eastern Europe. The bank serves retail consumers, private banking clients, small and medium enterprises, and large corporates through a national branch network spanning every major Montenegrin city, supplemented by the largest ATM network in Montenegro (110+ CKB ATMs) and free cross-border cash access at 4,000+ OTP Group ATMs across eight countries.

The product platform is anchored on the CKB GO mobile and internet banking application, which supports account management, card control, payments (including tu.Pay phone-number transfers), and digital card issuance. Retail offerings span five packaged bundles (Junior, Standard, Smart, Super, Senior) priced from EUR 0.55 to EUR 7.95 per month, Visa debit and credit card products (Platinum, Classic, Gold Revolving, Shopping Card), unsecured and housing loans (housing loans at 4.53-4.99% fixed NIR), savings products, and direct-debit arrangements with utilities and telecoms. The bank distributes insurance from Sava, UNIQA, and Wiener Städtische as a licensed agent, and serves as a Western Union remittance agent for cross-border money transfer.

Revenue is generated primarily through net interest income on the lending book (retail mortgages, cash loans, overdrafts), fee and commission income on payment operations, cards, and account maintenance, and insurance distribution commissions. Distribution is omnichannel: physical branches, self-service ATMs, the CKB GO digital platform, a 24/7 contact center (19900), and the Shop&GO merchant discount program with 1,000+ partner locations. The bank expanded its scale via the 2022 merger with Podgorička banka and received approximately EUR 12M of growth capital from the European Bank for Reconstruction and Development in October 2024.

Name

CKB Bank

Legal name

Crnogorska komercijalna banka AD Podgorica

Website

https://ckb.me

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

CKB Bank is a Montenegrin commercial bank and wholly-owned subsidiary of OTP Group, serving retail, private banking, SME, and corporate customers across Montenegro through a national branch network, the largest ATM network in the country, and the CKB GO digital banking platform.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Commercial banking
• Consumer lending
• Digital banking
• Payment cards

Headquarters

HQ city

Podgorica

Offices24 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Revenue from interest on loans including cash loans, housing loans, mortgage loans, and overdrafts
2. Fee and Commission Income: Fees from payment operations, card transactions, account maintenance, and other banking services
3. Insurance Distribution: Commission revenue from distribution of insurance products through partnerships with Sava Insurance, UNIQA, and Wiener Städtische

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels7 records

Core offering

CKB Bank (Crnogorska komercijalna banka) is a Montenegrin commercial bank that provides retail and corporate banking services, including transaction accounts, cash and housing loans, overdrafts, payment cards (Visa and Mastercard), savings products, insurance distribution, digital banking via the CKB GO mobile/internet platform, money transfers (Western Union, tu.Pay), POS acquiring, and capital market/securities services. The bank operates through an extensive branch network across Montenegro complemented by the largest ATM network in the country and is a wholly-owned subsidiary of OTP Group.

Product overview

CKB Bank (Crnogorska komercijalna banka) is a retail and commercial bank headquartered in Montenegro, member of OTP Group. The bank offers a comprehensive banking platform with multiple service packages and product categories. Core products include CKB GO mobile and internet banking, transaction accounts, Visa debit and credit cards (Visa Platinum, Visa Classic, Visa Gold Revolving, Shopping Card), cash loans, housing loans, home equity loans, overdraft facilities, and savings accounts. The product portfolio includes five service packages (Junior, Standard, Smart, Super, Senior) designed for different customer segments, with the Super and Smart packages offering enhanced insurance protections and premium card benefits. Insurance products are provided through partnerships with Sava Insurance, UNIQA, and Wiener Städtische. Additional services include CKB GO POS for merchants, Western Union money transfers, capital market and securities services, safe deposit boxes, direct debit arrangements, and CKB Akademija educational program. The bank integrates with Visa for premium card benefits (Concierge, Airport Lounge), Apple Pay and Google Pay for mobile payments, OTP Group for cross-border ATM access, Western Union for remittances, and tu.Pay for phone-based transfers.

Differentiator

Problem solved

Functional benefit

Brands

• CKB GO: Mobile and internet banking application - new generation of mobile and internet banking service with complete banking functionality available anytime and anywhere.
• CKB Akademija
• CKB Shop&GO

Products and services

• CKB GO Mobile and Internet Banking New generation mobile and internet banking application providing complete banking services anytime, anywhere. Features include account overview, transaction execution, card management, loan and deposit access, and payment operations with state-of-the-art security standards. For retail and corporate customers.
• CKB Visa Platinum Debit Card International contactless debit card enabling secure use of account funds with array of complementary services and privileges including travel insurance, Lounge Key access, Visa Concierge service, and Airport Speed Pass. For premium retail customers.
• CKB Visa Classic Debit Card Contactless international payment card enabling easy and secure payment for products and services, as well as cash withdrawal at ATMs and bank counters at home and abroad, up to available funds on linked transaction account. For retail customers.
• CKB Shopping Card (Credit Card) Contactless credit card for payment in installments, part of Mastercard family. Enables purchases in 2 to 12 monthly installments without commission at over 100 partners across Montenegro. For retail customers.
• CKB Visa Gold Revolving Credit Card Revolving credit card for payment of products and services and cash withdrawal at home and abroad up to approved credit limit with minimum monthly debt repayment. Includes complimentary Sava insurance package. For retail customers.
• Digital First Card Digital payment card immediately available after submitting request. Active in CKB GO application for contactless payment at POS terminals without PIN entry. Physical card available within 3-5 days. For retail customers.
• CKB Cash Loan for Employees Cash loan for residents and non-residents with regulated employment in Montenegro. Approved amounts from EUR 300 to EUR 25,000 (without guarantors) with repayment period from 3 to 120 months. For employed retail customers.
• CKB Cash Loan for Pensioners Cash loan for pensioners with simple approval procedure and repayment period up to 120 months. Includes free Senior package for first three months. Approved amounts from EUR 300 to EUR 15,000. For pensioner retail customers.
• CKB Housing Loan Housing loan for purchase of apartments or houses. Repayment period from 12 to 360 months with fixed or variable interest rates. Approved amounts from EUR 10,000 to EUR 300,000. For retail customers.
• CKB Home Equity Loan Mortgage loan for cash needs including desired purchases, obligation settlement, or renovation. Enables refinancing of existing obligations with repayment term from 12 to 240 months. For retail customers.
• CKB Overdraft Loan in form of allowed overdraft on transaction account. Approved up to 3 salaries/pensions with repayment period of 36 months. Ranges from EUR 50 to EUR 5,000 for employees and EUR 50 to EUR 1,500 for pensioners. For retail customers.
• CKB Classic Term Savings Savings account allowing money deposit for specified period with attractive interest rates. Minimum deposit EUR 100, term from 1 to 24 months, available in EUR and USD. For retail customers.
• CKB Classic Demand Deposits Savings account where deposited money is available at any time with demand interest. No limitations on regular deposits or withdrawals. For retail customers.
• CKB Children Savings Gradually increasing savings account opened by parents for children's future. No minimum initial deposit restriction with regular monthly deposits possible. For parents saving for children.
• CKB GO POS Mobile POS terminal service that turns mobile phone into payment acceptance device. Enables merchants to accept card payments using smartphone. For SME and merchant clients.
• CKB Capital Market / Securities Services Securities services including custody operations, investment fund depository services, and pension fund custody bank services. Trading on national, regional, and world stock exchanges through OTP Group access. For retail and corporate clients.
• CKB Safe Deposit Boxes Safe deposit box rental service for valuables, documents, securities, and collections. Available for individuals and entities, residents and non-residents with different dimensions and rental periods. For retail and corporate clients.
• tu.Pay Money transfer service via phone number. Enables sending money using recipient's phone number as identifier. For retail customers.
• Western Union Money Transfers International money transfer service via Western Union. Enables receiving and sending money to/from over 200 countries worldwide, processed in euros. For retail and corporate customers.
• Direct Debit Service Automated payment service for recurring obligations including utility bills, rents, and loan installments. Partners include T-Com, Telenor, M:tel, Elektroprivreda, and others. For retail customers.
• CKB Accident Insurance (with Sava Insurance) Accident insurance in cooperation with Sava Insurance for natural persons aged 14-75. Monthly premium EUR 1.08 with coverage for accidental death, permanent disability, bone fracture, and surgical interventions. For retail customers.
• UNIQA Non-Life Insurance Non-life insurance in cooperation with UNIQA for property protection and loan security. Includes packages for real estate insurance and cash loan insurance. For retail customers with mortgages or cash loans.
• Wiener Städtische Life Insurance (Riziko) Life risks insurance product in cooperation with Wiener Städtische covering death event. Available as term insurance with fixed or declining sum insured. Includes declining sum insured option for home loan security. For retail customers.
• CKB Senior Package Banking package for pensioners including transaction account, debit card, CKB GO, and SMS service. Monthly fee EUR 1.95 with cashback at partner locations. For senior retail customers.
• CKB Super Package Premium banking package including Visa Platinum debit card, free CKB GO payments, interest-free overdraft for first EUR 100, Visa Gold Revolving with Sava insurance. Monthly fee EUR 7.95. For premium retail customers.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature7 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Western UnioncoreTechnology or IntegrationWestern Union represents the world's leading electronic money transfer service present in over 200 countries. CKB provides Western Union services for receiving and sending money. Payment institution Montenegro transfers doo is the representative of Western Union for Montenegro, with CKB as one of their agents.
• Sava InsurancecoreChannel Partner/ Reseller/ DistributorCKB offers accident insurance product in cooperation with Sava Insurance. The insurance covers natural persons aged 14-75 with affordable monthly premium of €1.08, providing protection against death due to accident, permanent disability, bone fractures, and surgical interventions.
• UNIQAcoreChannel Partner/ Reseller/ DistributorCKB, licensed as insurance agent, offers non-life insurance policies in all branches in cooperation with UNIQA neživotno osiguranje. Products include property insurance for housing and mortgage loans, and loan protection insurance for cash loan beneficiaries.
• Wiener StädtischecoreChannel Partner/ Reseller/ DistributorCKB offers life insurance policies in cooperation with Wiener Städtische životno osiguranje. Products include Riziko insurance for life risks and Riziko insurance with declining sum insured for home loan security.
• Deposit Protection Fund of MontenegrocoreStrategic or Co-development PartnerCrnogorska komercijalna banka is a member of the Deposit Protection Fund, ensuring customer deposits are protected according to Montenegrin legislation.
• Meliora HomesminorStrategic or Co-development PartnerCKB offers housing loans in cooperation with Meliora Homes for purchasing real estate in the Gipos residential area in Cetinje, Montenegro.
• Ventura PartnersminorStrategic or Co-development PartnerCKB offers housing loans for apartments under construction in cooperation with Ventura Partners, a construction company in Montenegro.
• KIPS GradnjaminorStrategic or Co-development PartnerCKB offers housing loans for apartments under construction in the Oasis Project in Podgorica and Family Residence Zabjelo Project in cooperation with KIPS Gradnja.
• Direct Debit PartnersminorStrategic or Co-development PartnerCompanies for direct debit arrangement: T-Com, Telenor, M:tel, Lovćen Insurance, Sava Montenegro Insurance, Grawe Insurance, Telemach, Elektroprivreda Crne Gore, Vodovod Podgorica

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• NLB Banka Podgorica: Montenegrin subsidiary of NLB Group (Slovenia), one of the largest banks in Montenegro. Offers directly comparable retail, SME, and corporate banking products to consumers and businesses across the same domestic market.
• Erste Bank Crna Gora: Montenegrin subsidiary of Austrian Erste Group, offering comparable retail, SME, and corporate banking services across Montenegro with similar international group backing and cross-border capabilities.
• Hipotekarna Banka: Montenegrin bank with a strong mortgage and retail banking focus. Competes directly with CKB in housing lending, deposits, and card products within the same domestic market.
• Addiko Bank Crna Gora: Montenegrin subsidiary of Addiko Group (Austrian/Cee banking group), providing comparable retail and SME banking products including consumer loans, mortgages, and card services in the same market.
• Prva Banka Crne Gore: Montenegrin commercial bank offering retail and corporate banking services with comparable product set including loans, deposits, and payment services in the domestic market.
• Raiffeisen Bank Montenegro: Montenegrin subsidiary of Austrian Raiffeisen Bank International, competing with similar retail, SME, and corporate banking offerings, supported by a larger regional banking group with deeper product breadth.
• Lovćen Banka: Montenegrin bank offering retail and commercial banking services in the domestic market, providing directly comparable deposit, lending, and payment products to Montenegrin consumers and businesses.

Broad incumbents

• OTP Bank Hungary: Parent banking group of CKB and one of the largest banking groups in Central and Eastern Europe. Operates similar universal banking franchise across 11 markets and provides the technology, capital, and strategic framework that CKB executes within.

Regional players

• Zagrebačka banka: Croatian subsidiary of UniCredit Group and the largest bank in Croatia, operating across the Adriatic regional market with comparable retail and commercial banking products relevant for cross-border benchmarking and tourism-corridor flows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCoQjmuUrvfivhx4Py3dIPwQ
• Facebookfacebook.com/CrnogorskaKomercijalnaBanka
• LinkedInlinkedin.com/company/ckb-bank
• Instagraminstagram.com/ckb_banka
• Xx.com/CKB_Banka

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CKB Bank