Regular meeting of the International Banking Council was held in Baku, Azerbaijan. It gathers banking associations from Eastern and Southeast Europe. The main topic of the meeting was the banking and financial ombudsman and its role in the financial system of the member states. It was concluded that banking ombudsman is crucial in resolving disputes with clients and avoiding unnecessary lawsuits of the banks and clients. It was also mentioned that the experiences of the member states of the International Banking Council are different. In addition, the current situation of the banking systems of the member states was discussed as […]

The Association of Montenegrin Banks organised, in cooperation with the European Development Fund for the SEE (EFSE Development Facility), a seminar for journalists dealing with economic and financial issues. The workshop was held on 13 October 2017 in the premises of the Banking Association in Podgorica. In general, the following topics were covered: Banking system in Montenegro Interest rates The functioning of banks During the workshop, the participants were introduced with the functioning of the banking sector, monetary policy and impact on economic trends, interest rates, operating costs and business risks, and how they reflected on the economy, etc. The […]

The representatives of the Association of Montenegrin Banks participated at the meeting of the European Banking Federation held on 27 and 28 September 2017. The situation in the banking sectors of the EBF members was presented, while the challenges and trends in operations were pointed out. The meeting covered the discussion of an increasing digitization trend paying special attention to FinTech, the presence of cybercrime and the damage it has been causing worldwide, which imposes the importance of the protection against this type of crime. Moreover, the meeting covered discussion on mobile payment and the development of new payment systems […]

On 14 September 2017, the workshop on the implementation of IFRS 9 and Capital Quality Review was held and presented by the audit firm CEO Horvat from Belgrade. The workshop highlighted operational approach of the implementation. All banks started the process that needs to be implemented on 1 January 2018, whereby this workshop was the opportunity for them to confirm the accuracy of the approach through the interaction with the experts that implemented IFRS 9 in Austrian banks. The process consists of modelling, risk management, consistency and data recording, the manner of data treatment, in order to meet the expectations […]

Memorandum of Understanding between the Association of Serbian Banks and Association of Montenegrin Banks was signed in Belgrade. The MoU was signed by the Secretary General Bratislav Pejaković and the Secretary General, Veroljub Dugalić. This MoU formalised good cooperation and made a new step forward to the support of business relationship. Together with the exchange of information on financial and banking laws and regulation, the further work will be on the increase in the prestige, image and confidence in the banking system, promotion of high standards and corporate governance in the banking industry and introduction with new banking technologies. In […]

16-17 June Bečići, Montenegro Esad Zaimović, the Chairman of the Montenegrin Association, of Banks and Bratislav Pejaković, Secretary General of the Association, attended the Summit of the Finance Ministers, Central Bank Governors and Tax Administrations Directors of the Region “Regional Financial Stability in the New Global Environment”. The Summit presented recommendations of the regional central bank Governors to the Finance Ministers for better coordination of monetary and fiscal policy. The participants also discussed on the effect of the ECB quantitative easing on monetary policy, interest rates and foreign exchange rates of local currencies in the Wester Balkans, potential shocks, banking […]

Education is of Crucial Importance in the West and in the East Association of Montenegrin Banks attended regular meeting of the International Coordination Council of the Banking Associations of the Commonwealth of Independent States, Central and Eastern Europe (International Banking Council) in period from 17 to 19 May 2017 in Belgrade. The Association of Montenegrin Banks has been the member of this Council since 2015. The main topic referred to the growing role of national banking associations in the financial education and literacy programmes, whereby the banking indicators and economic trends if member countries were also presented at this meeting. […]