The nominated project at the European Commission for the analysis of non-compliance of Montenegrin regulations with SEPA requirements resulted in the selection of consultants for technical assistance with experience in the implementation of this process for earlier requests to the EU in the process of European integration. In accordance with the previous 11.07.2023.god. UBCG hosted the selected experts, where we got to know roughly the deadlines and plans for implementation. The initiative should be implemented as an official request by the second half of December 2024. The meeting discussed challenges for banks, ongoing processes, PSD2, familiarization of the system with the SEPA rulebook, […]

  Representatives of the UBCG as a partner of the CBCG in the process of digitization of financial services were invited to the presentation and workshop of Ripple from the USA. The rise of contactless transactions, e-commerce, smartphone payments or QR code scanning, as well as the growing popularity of biometrics, confirm that digitization is not just a convenient add-on for consumers, but a vital part of economic recovery. The initiative of the Central Bank of Montenegro is a step further, and is reflected through cooperation with the company Ripple in order to develop a strategy and implement a pilot […]

A global pandemic, supply-chain disruption, extreme weather, war in Europe, forced migration on a massive scale, rocketing gas prices, high inflation, debt burdens, reshoring, friendshoring… It is clear that there will be no going back to the pre-pandemic “business as usual”. The EBRD Transition Report 2022-23, examines the tectonic changes that the EBRD regions face and presents a wealth of analysis to inform public policy and business decision-making. The report states that Montenegro returned the amount of GDP to the pre-pandemic level, as well as that it had the highest growth rates in the Western Balkans region. The risks for […]

Association of Banks of Montenegro in Global Money Week Global Money Week is an annual planetary celebration, launched by Child’Youth Finance International (CYFI), with local and regional events and activities aimed at inspiring children and young people to learn about money, saving, creating livelihoods, employment and becoming entrepreneurs. This year’s European Money Week lasts from 20-26. March, in order to improve the level of financial literacy through financial education and enable children, young people and citizens to acquire financial competence, necessary in everyday private and business life. From year to year, the activities are thematically aligned with the current circumstances […]