Today, November 21, 2024, Montenegro officially became part of the Single Euro Payment Area – SEPA. Under the leadership of the Central Bank of Montenegro, Montenegro made significant efforts to harmonize the national payment system and current regulations with European Union (EU) standards, thanks to which it became the first country in the Western Balkans to join the SEPA geographical area, fulfilling one of the key goals of on its way to European Union membership. Accordingly, all participants of the payment schemes of the European Payment Council (EPC) will be able to send and receive SEPA credit transfers (SCT), SEPA […]

On 28.11.2024. In the Association of Banks of Montenegro, a meeting was held between the General Secretary of the UBCG and the representative of the CBCG, who, with the partnership support of the EBRD and the Frankfurt School of Finance and Management, joined the global initiative to strengthen the economic potential of women through the realization of the We Finance Code project in Montenegro. It is an initiative through which financial service providers, regulators and other actors from the private and public sector undertake to work together to increase the financing of micro, small and medium enterprises businesses owned and/or […]