It is a pleasure to invite you to our next Banking Essential Webinar: Managing Credit Risk during the COVID-19 Crisis & Recovery Phase in Europe, taking place on Tuesday, May 25th between 15:30 – 16:15 CEST, organized by the European Banking Federation and S&P Global Market Intelligence. The webinar is free of charge, but registration is needed. More information, including registration details, can be found below. ________________________________ Event Description: Over the past year, the European banking industry has been hit by volatile markets, worsening economic conditions and business continuity challenges. As a result, lenders have moved more quickly to build […]

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The meeting of the members of the Association of Montenegrin Banks was held with the Governor and its team. The adoption of the amendments to the Decision on interim measures to mitigate adverse effects of the COVID 19 epidemic on the financial system was discussed at the meeting. It was mentioned that five packages of measures brought in the previous period were implemented by the banking system in cooperation with the Regulator, and statistical data as a basis for proactive activities in the future period were also mentioned. Special attention should be paid to SMEs in the future period, but […]

23 February 2021 The UBCG Secretary General attended the meeting organised by the World Bank Group, where the main findings of the draft report Montenegro Systematic Country Diagnostic were presented. The meeting was held to make consultations with the representatives of the private and financial sector and obtain feedback on the findings of the draft Report. The consultations focused on key changes since the first diagnostic report in 2015, and on key priorities that will enable the improvement of economic resilience and reduce the poverty, strengthen institutions, and improve natural resources management and climate resilience. The following are identified as […]

22 February 2021 The meeting with the representatives of the Ministry for Economic Development was held in the premises of the Association of Montenegrin Banks. The topic of the meeting was to harmonise steps in optimising operational activities that would be defined through the Business Cooperation Agreement, regarding the implementation of approved interest rate subsidy requests during the grace period for loans of bank’s customers who met the requirements in accordance with the Ministry’s public invitation, i.e. for existing earmarked loans for tourism and hospitality. A scope of activities has been created, the next steps have been agreed, which will […]

15.02.2021 a meeting was held with representatives of the European Central Bank. Topics were current: – What are the main impact of the Covid-19 crisis on the economy and the banks, and what’s your outlook for recovery? – How have the authorities’ policy responses, particularly the financial sector support measures, affected your banks liquidity, bank capital, asset quality and lending to the real economy? What is the share of loans that have been affected in the first and the second moratorium? How do they differ by type of borrowers and bank sizes? How do you see the potential impact when support […]

The EIB Group has increased funding for the Western Balkans in 2020 In 2020, the EIB increased its investments in the region by almost 50%, reaching €873 million in financial commitments  Lilyana Pavlova, EIB vice-president for the Western Balkans, highlights the EIB’s substantial contribution to social and economic development in 2020, laying the groundwork for further investments under the European Commission’s Economic and Investment Plan  The EIB has already mobilised over €1 billion of financing as part of Team Europe’s COVID response for the region The European Investment Bank (EIB) invested €873 million in the Western Balkans in 2020, increasing […]

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On 14 January, 2021, a meeting was held in the Parliament of Montenegro between the President Mr. Bečić, his advisor Mr. Gošović and associates, and the President of the Association of Montenegrin Banks of Montenegro, Mr. Rabrenović and the Secretary General Mr. Pejaković. The current activities and certainties regarding the postponement of of the implementation of the laws crucial for banks’ operations were discussed at the meeting. Mr. Rabrenović pointed out the situation the banks are facing, from formal legal issues, to parallel processes that take place in banks, which put great pressure on the resources of banks. The President […]