The Association of Montenegrin Banks (UBCG) organised, in cooperation with the European Bank for Reconstruction and Development (EBRD), a two-day workshop “International Trade Finance Basic for Back Office” in period 28-29 May 2018. The workshop, funded by the EBRD Shareholder Special Fund, was presented by Sergiy Kostogryz, a Ukraine banker and EBRD consultant. s. The workshop, which was opened by Bratislav Pejaković, Secretary General of the UBCG and Jaap Sprey, head of EBRD office in Montenegro, gathered 19 participants from 10 local banks and the UBCG. In his opening remarks, Bratislav Pejakovic said that “the UBCG has a pleasure of […]

Association of Montenegrin banks participated on Financial Information Sharing Partnership. In seminar hosting in Podgorica on 9-10 May 2018. organised by the UK’s Foreign and Commonwealth Office and supported of Italian embassy. This was part of preparations for the upcoming Western Balkans Summit in July. In an ever evolving security an technological environment, Governments and the private sector must remains responsive to the challenges of tackling money laundering and illicit finance. This is important for building resilience to corruption and developing a hospitable environment for economic growth. The event will explore how Government and banking sector can enhance their cooperation […]

The Association of Montenegrin Banks promoted the European Money Week also this year. The Week was organised by the European Banking Federation with a view to promoting the importance of financial education. The Money Week is characterised by the activities that inspire children and young people to learn about money, savings, where they can make better decisions by mastering these skills through additional understanding, i.e. they can get acquainted with the financing processes and develop the entrepreneurial spirit since their childhood. Financial literacy refers to the ability to make sound financial decisions based on knowledge, skills and views, taking into […]

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 […]