February 19, 2024

Banker no. 64

A new issue of the Banker magazine has been released. Download >>>
February 5, 2024


February 5 and 6, 2024. a two-day workshop was held on the occasion of the implementation of PSD2 in the Montenegrin banking system. Employees of all banks and representatives of the Central Bank of Montenegro were invited to the workshop. The topics of the workshop are related to the modernization of the payment system in Montenegro, with a focus on the PSD2 regulation, but also the process of joining the SEPA area and the instant payment system, open banking and APIS, technical, legal and organizational preparation for application, etc. It is intended primarily for the private sector in Montenegro, i.e. […]
February 2, 2024


31.01.2024. A meeting was held in UBCG with the IFC representative for the region. At the meeting, it was emphasized that the goal of the IFC is to encourage inclusive growth and productivity of the private sector, as well as environmental sustainability and climate resilience in Montenegro amid the great economic challenges the region is facing. One of the focuses in the coming period is business transformation and capacity building regionally in Bosnia and Herzegovina, Serbia and Montenegro. The announced role of the WB team will have the support of the IFC, and the focus is on fiscal strategy, business […]
January 30, 2024

EBRD Transition Report for 2023-2024

At the invitation of the EBRD, representatives of UBCG attended the presentation of the Transition Report for 2023-2024. The key priorities for Montenegro this year should be systemic measures that will support medium-term fiscal sustainability, strengthening the business sector in order to attract investments and a greater green transition. EBRD Regional Economist Peter Tabak stated that the steps for convergence of smaller countries with European ones are better management (administrative reform), increased openness and green transition. He pointed out that Montenegro has low labor productivity compared to the European Union (EU), whose level has hardly changed since 2001, and not […]
January 25, 2024

Meeting – EBF Associate members

December 26, 2023


The Central Bank (CBCG), in cooperation with the Association of Banks (UBCG), organized a meeting with representatives of commercial banks, where it presented key aspects of the upcoming implementation of the Bank Recovery and Rehabilitation Directive (BRRD 2). In the process of harmonizing with the European regulatory framework, the CBCG amended the Law on the Rehabilitation of Credit Institutions, as well as the Law on Bankruptcy and Liquidation of Banks. After receiving the evaluation of these documents by the European Commission, the CBCG expects that they will begin to be applied in Montenegro in the first months of 2024. The […]