Revenue
2.4% of Montenegro's revenue
96 companies earned 425.47m€ in 2025, 2.4% of all company revenue in Montenegro. It ranks 10 of 18 sectors by revenue. Revenue has grown 15.5× since 2015.
2.4% of Montenegro's revenue
22 with at most one employee
Largest employer: Razvojna Banka Crne Gore (98)
Total profit: 162.13m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 27,515,054€ | 82 |
| 2016 | 26,313,808€ | 72 |
| 2017 | 50,564,095€ | 79 |
| 2018 | 29,270,228€ | 81 |
| 2019 | 24,893,351€ | 86 |
| 2020 | 203,550,753€ | 103 |
| 2021 | 249,451,445€ | 99 |
| 2022 | 288,805,478€ | 102 |
| 2023 | 386,032,100€ | 103 |
| 2024 | 450,689,722€ | 102 |
| 2025 (Preliminary) | 425,469,639€ | 96 |
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 1–50 of 96
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Insurers (ASO) report to their regulator and are not included.
Totals include 1 sole proprietor: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 1 | Crnogorska Komercijalna Banka02239108 | 26.9% | 114,451,000€ | +2.0% | 55,045,000€ | 48.1% | — | — |
| 2 | NLB Banka02011395 · Podgorica | 13.1% | 55,682,000€ | -0.7% | 26,267,000€ | 47.2% | — | — |
| 3 | Hipotekarna Banka02085020 | 11.8% | 50,230,000€ | +3.8% | 20,831,000€ | 41.5% | — | — |
| 4 | Erste Bank02351242 · Podgorica | 10.3% | 43,654,000€ | +5.8% | 18,552,000€ | 42.5% | — | — |
| 5 | Lovćen Banka02829541 | 4.4% | 18,785,000€ | +9.6% | 5,302,000€ | 28.2% | — | — |
| 6 | Prva Banka CG02096099 | 4.4% | 18,592,000€ | +4.1% | 7,832,000€ | 42.1% | — | — |
| 7 | Zapad Banka03032531 · Podgorica | 4.1% | 17,275,000€ | +7.1% | 4,678,000€ | 27.1% | — | — |
| 8 | Addiko Bank02454190 | 3.7% | 15,547,000€ | +3.6% | 3,212,000€ | 20.7% | — | — |
| 9 | Adriatic Bank03087158 · Podgorica | 3.6% | 15,373,000€ | -56.0% | 268,000€ | 1.7% | — | — |
| 10 | Razvojna Banka Crne Gore02217937 · Podgorica | 3.3% | 13,847,490€ | +4.9% | 7,443,668€ | 53.8% | 98 | 2,929€ |
| 11 | Universal Capital Bank02684462 · Podgorica | 3.0% | 12,897,000€ | -9.6% | 5,169,000€ | 40.1% | — | — |
| 12 | Xe03023427 · Podgorica | 1.4% | 5,954,325€ | +120.6% | 3,969,192€ | 66.7% | 10 | 3,404€ |
| 13 | Porsche Leasing02694638 · Podgorica | 1.4% | 5,802,443€ | +9.5% | 895,453€ | 15.4% | 11 | 3,124€ |
| 14 | Fond za Inovacije Crne Gore03382052 · Podgorica | 1.3% | 5,425,419€ | +88.8% | 2,907€ | 0.1% | 12 | 4,103€ |
| 15 | Udruženje - Nacionalni Biro Osiguravača Crne Gore02654733 · Podgorica | 1.1% | 4,627,205€ | +12.4% | 217,267€ | 4.7% | 7 | 3,772€ |
| 16 | Ziraat Bank Montenegro03048136 | 1.0% | 4,149,000€ | -10.8% | 187,000€ | 4.5% | — | — |
| 17 | Financial Solutions03329259 · Podgorica | 0.4% | 1,505,988€ | +17.1% | 579,562€ | 38.5% | 5 | 5,766€ |
| 18 | Solidarno02351471 · Podgorica | 0.3% | 1,412,304€ | -43.7% | 0€ | 0.0% | 4 | 2,340€ |
| 19 | Business Integration and Business Intelligence02626616 · Podgorica | 0.3% | 1,392,851€ | +14.8% | 25,834€ | 1.9% | 26 | 1,637€ |
| 20 | Montenegro Transfers03019721 · Podgorica | 0.3% | 1,084,278€ | -1.4% | 246,496€ | 22.7% | 6 | 2,558€ |
| 21 | Finveo03321169 · Podgorica | 0.3% | 1,075,393€ | -9.1% | 39,360€ | 3.7% | 16 | 2,158€ |
| 22 | Sava Agent02699893 · Podgorica | 0.2% | 992,954€ | +10.1% | 175,174€ | 17.6% | 7 | 1,543€ |
| 23 | Investiciono Društvo Limit Prime Securities03138933 · Podgorica | 0.2% | 984,767€ | -33.1% | -19,314€ | -2.0% | 30 | 1,211€ |
| 24 | TF Capital03448398 · Podgorica | 0.2% | 980,120€ | -95.4% | 233,855€ | 23.9% | 4 | 3,532€ |
| 25 | Foldana Financial03302709 · Podgorica | 0.2% | 853,605€ | -38.7% | 161,519€ | 18.9% | 6 | 1,025€ |
| 26 | Krnovo Holdco03040232 · Nikšić | 0.2% | 824,941€ | -5.5% | -251,153€ | -30.4% | 1 | 492€ |
| 27 | Centralno Klirinško Depozitarno Društvo02320924 · Podgorica | 0.2% | 794,296€ | +73.2% | 168,944€ | 21.3% | 13 | 1,638€ |
| 28 | Rsi Global Investiciono Društvo03393429 · Podgorica | 0.2% | 779,560€ | -17.2% | -108,843€ | -14.0% | 8 | 1,799€ |
| 29 | Broker Ins02854694 · Podgorica | 0.2% | 653,266€ | +23.2% | 306,448€ | 46.9% | 7 | 2,114€ |
| 30 | Am Capital02921154 · Podgorica | 0.1% | 579,304€ | +111.7% | 236,391€ | 40.8% | 5 | 2,635€ |
| 31 | Insurance Financial Solutions03319644 · Podgorica | 0.1% | 542,666€ | +22.2% | 236,323€ | 43.5% | 5 | 2,821€ |
| 32 | Status Broker03037380 · Podgorica | 0.1% | 524,161€ | +28.8% | 322,460€ | 61.5% | 4 | 1,688€ |
| 33 | Montenegroberza02168286 · Podgorica | 0.1% | 492,652€ | +112.6% | 243,160€ | 49.4% | 4 | 2,965€ |
| 34 | Bti Montenegro02774216 · Podgorica | 0.1% | 450,254€ | +1,115.3% | 272,507€ | 60.5% | 1 | 3,244€ |
| 35 | Društvo za Upravljanje Investicionim Fondom Butterfly Finance02998459 · Podgorica | <0.1% | 393,297€ | -64.3% | -161,748€ | -41.1% | 3 | 2,045€ |
| 36 | Fil Co02917017 · Herceg Novi | <0.1% | 363,616€ | -13.8% | -25,248€ | -6.9% | 6 | 932€ |
| 37 | Capital Transfer Mne03035174 · Podgorica | <0.1% | 362,679€ | -0.7% | 46,700€ | 12.9% | 4 | 1,422€ |
| 38 | WVP02891441 · Podgorica | <0.1% | 353,530€ | +9.1% | 57,022€ | 16.1% | 9 | 2,123€ |
| 39 | Organicfx03209563 · Podgorica | <0.1% | 341,099€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 101,409€ | 29.7% | 1 | 736€ |
| 40 | Alta Pay Group03286207 · Podgorica | <0.1% | 331,421€ | +415.8% | -209,364€ | -63.2% | 8 | 1,830€ |
| 41 | Grawe Agent02727293 · Podgorica | <0.1% | 327,310€ | +20.4% | 151,512€ | 46.3% | 12 | 684€ |
| 42 | Money Transfers03165736 · Budva | <0.1% | 317,049€ | +4.6% | 5,114€ | 1.6% | 3 | 2,085€ |
| 43 | Bona Fide Broker03340163 · Podgorica | <0.1% | 314,750€ | +37.7% | 131,546€ | 41.8% | 2 | 4,801€ |
| 44 | Safe Life02896753 · Podgorica | <0.1% | 299,706€ | -21.3% | 18,701€ | 6.2% | 11 | 1,619€ |
| 45 | Apo Plus02871866 · Podgorica | <0.1% | 288,002€ | +8.2% | 108,275€ | 37.6% | 2 | 2,425€ |
| 46 | Faktorone02947536 · Podgorica | <0.1% | 256,501€ | +37.1% | 28,454€ | 11.1% | 2 | 1,958€ |
| 47 | Bromar03393631 · Podgorica | <0.1% | 251,522€ | +38.1% | 113,574€ | 45.2% | 4 | 1,168€ |
| 48 | Otp Debt Collection02795043 · Podgorica | <0.1% | 214,409€ | -37.1% | 1,187,181€ | Margin not shown: the profit cannot be reconciled with revenue and payroll (likely a revaluation or a misread filing). | 1 | — |
| 49 | Payspot Me03527611 · Podgorica | <0.1% | 206,741€ | +872.0% | -281,000€ | -135.9% | 9 | 2,019€ |
| 50 | Rimon Capital02868474 · Podgorica | <0.1% | 189,750€ | +80.6% | 84,551€ | 44.6% | 1 | 5,125€ |