Prva banka CG assumes continuity from a bank, existing under various forms of ownership, that was founded in 1901.
At the incorporation general meeting on 6 January 1901, an interim board of directors included traders, craftsmen, and aristocrats, voted in favour of a document titled "Saving Bank Rules".
However, its success was somewhat disturbed by the state's decision to protect the indebted population during the war with the Law on Extending Loan Terms for Citizens.
Niksic Credit Bank resumed operations in 1923 when political and social tensions and currency fluctuations had diminished.
Niksic Bank had significant independence: it constituted its corporate governance and played an important part in investment and other activities of the regional industry.
[citation needed] This name associated the bank with its local origins and character, and in 2007 a complete change in its visual identity took place.
[citation needed] It is alleged that the privatization of the bank in 2007 gave the family and friends of the Prime Minister of Montenegro, Milo Đukanović, a controlling interest on favorable terms.