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Montenegro Stock Exchange (MNSE)

posted onJuly 3, 2018

The Montenegro Stock Exchange (MNSE) is Montenegro's only stock exchange. The MNSE was founded 1993 and the first shareholders of the Stock Exchange were the Republic of Montenegro and four banks from Montenegro:

  • Montenegrobanka A.D. Podgorica; 
  • Pljevaljska banka A.D. Pljevlja; 
  • Beranska banka A.D. Berane; 
  • Hipotekarna banka A.D. Podgorica

In the period from 1994 to 2000,the Montenegro Stock Exchange traded mostly gyro money and short-term securities, as it was allowed by the existing legislation. The first brokerage houses in Montenegro were established in 1996 and those were: CG Broker, Holder broker and  Monte Adria Broker. 

On 20 September 2001, six Montenegrin financial institutions and Brokers Business Association founded the New Securities Exchange of Montenegro. Until the end of 2010, there were two stock exchanges operating. In the beginning of 2011, the two Montenegrin stock exchanges were integrated, through the merge of the New Securities Exchange of Montenegro to the Montenegro Stock Exchange. The first working day on the single Montenegro Stock Exchange was 10 of January 2011. 

In December 2013, Borsa İstanbul became a shareholder of Montenegro Stock Exchange by acquiring 24.38% of its capital.  

Montenegro Stock Exchange is a member of the World Federation of Exchanges since February 2008 and of the Federation of European Exchanges since October 2005. 

In June 2016 Montenegro Stock Exchange applied to join the SEE Link,  a project started by Bulgaria, Macedonia and Zagreb stock exchanges with the objective of creating a regional infrastructure for trading of securities listed on those three markets.The project is supported by the European Bank for Reconstruction and Development (EBRD).  

Member of Montenegro stock exchange can be any company that is registrated as a stock exchange agnet by Law on Securities and obeys conditions perscripted by The Statute of Exchange. Besides that, members of Exchange could be banks and insurance companies if they got permission for trading from Securities Commission.

Mirko Markovic CEO Montenegro Stock Exchange

Key people:
Mirko Markovic  (CEO)
Mr Markovic serves as acting CEO at Montenegro Stock Exchange since January 2019. He is also the Senior Advisor for information technology at the Exchange since July 2011. Prior to that he was Senior Maintenance Engineer at Crnogorski Telekom.

Tel: +382 20 229 710
Fax: +382 20 229 711
E-mail: info [at]
Address: Moskovska 77, 81000 Podgorica, Montenegro