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IMPROVING FINANCIAL LITERACY

Association of Banks of Montenegro (UBCG) and activities to improve clients’ financial literacy

  • Participation in the National Financial Literacy Strategy: AMB actively contributes to the National Financial Literacy Strategy led by the Ministry of Finance and the Central Bank of Montenegro.
  • Educational Lectures in Schools and Universities: AMB organizes open lectures at elementary schools, secondary schools, and universities, covering topics such as money management, the banking sector, saving, and investing.
  • Expert-Led Financial Education: Lectures are delivered by experts from the Montenegrin Banking Association and member banks, ensuring high-quality financial education.
  • Interactive Learning for Students: The goal is to familiarize young people and university students with key financial and banking concepts through interactive sessions. Use of OECD and PISA Data for Awareness AMB integrates OECD statistics and PISA test recommendations to provide comparative insights and enhance public financial awareness.
  • Global Money Week and World Savings Day Events: Every March and November, AMB organizes activities for Global Money Week and World Savings Day, focusing on money management, savings, and entrepreneurship.
  • Financial Education Through Interactive Content: These events feature fun and engaging activities to promote financial literacy, aligned with the European Banking Federation’s (EBF) philosophy.
  • Fraud Prevention Awareness Campaigns: AMB conducts annual campaigns to prevent fraud, raise awareness, and educate the public on financial security.
  • Promotion of Digital Payments Campaigns highlight the benefits of debit and credit card payments and the advantages of digital banking.
  • Media and Public Outreach: Awareness efforts include articles in media, TV segments, online portals, newspapers, and banking networks.
  • Distribution of Educational Materials: Informational booklets and guides are distributed to help the public understand safe banking practices and financial management.