A representative of UBCG participated in the workshop Mitigation of risks from complex sanctions in Montenegro. Sanctions and their application in Montenegro. Executive Order 14114 and what sanctions risks Montenegrin industry should take into account. Investigation of conflicts with local/regional regulations. Avoiding sanctions through ownership and control. International sanctions regimes: Understanding the framework, differences between OFAC and the EU, and the risks of non-compliance. Purpose and objectives of sanctions and trade controls, their importance for the financial sector. The legal and regulatory framework governing sanctions and trade controls: the regulatory environment in the EU, US, UK and other relevant jurisdictions. […]

The representative of UBCG was present at the third international conference “Montenegro Financial Markets”, organized by the Capital Market Commission in cooperation with the Ministry of Finance and the Central Bank of Montenegro. The meeting lasts from 16 to 17. September, and gathered representatives of state institutions, the financial sector and international partners. Minister of Finance Novica Vuković, Governor of CBCG Irena Radović and President of the Capital Market Commission Željko Drinčić spoke at the opening. As part of the first day’s program, the presentation “Focus on Capital Markets Development: Lessons from Croatia” was held. Vuković pointed out that in […]

9. and 10 June 2025. In view of the perceived need and desire for better preparation of banks for the new regulations, AMB organized additional education of member banks on the new regulation related to IRRBB – interest rate risk, which will enter into force on July 1, 2025. and the changes required by Basel IV. From July 1, 2025, a new regulation related to interest rate risk will be applied in Montenegro, introducing significant changes in risk management practices in the banking sector. Given the increasing volatility of interest rates and regulatory requirements aligned with international standards, banks will […]

The Association of Banks of Montenegro is also promoting the European Money Week from March 18 to 24 this year. Financial education helps people develop the habit of saving, investing and debt management as well as using many banking services for their own benefit. Be moderate, even when saving. Just as you shouldn’t chase every opportunity to earn money, you shouldn’t chase every savings either. Exaggeration in both cases can create unnecessary nervousness and problems that money cannot solve. At a time when the whole world is facing economic difficulties, financial stability becomes necessary for each individual and society as […]

Association of Banks of Montenegro (UBCG) and activities to improve clients’ financial literacy Participation in the National Financial Literacy Strategy: AMB actively contributes to the National Financial Literacy Strategy led by the Ministry of Finance and the Central Bank of Montenegro. Educational Lectures in Schools and Universities: AMB organizes open lectures at elementary schools, secondary schools, and universities, covering topics such as money management, the banking sector, saving, and investing. Expert-Led Financial Education: Lectures are delivered by experts from the Montenegrin Banking Association and member banks, ensuring high-quality financial education. Interactive Learning for Students: The goal is to familiarize young people and university students […]

14.02.2025. Today, a meeting dedicated to connecting financial institutions with women entrepreneurs was held at the invitation of the Center for Women’s Rights. The meeting was attended by representatives of the CBCG, UBCG, commercial banks, the Tax Administration, Microfinance Organizations, a women’s organization that promotes the Women’s Mark, etc.  The economic empowerment of women affects the economic, social, and cultural development of society, affects the reduction of inequality and the prosperity of society. In this context, it was agreed to work on the visibility and promotion of the importance of the “We finance Code” initiative, which improves standards for the […]

29.01.2025. The complexity of SEPA implementation requires a large amount of information, so in front of UBCG, we tried to provide a large number of interactive workshops, and it is important that they have experience in implementation in an EU country, this time from Hungary. According to the agenda, you can see that it differs from the workshops that have already been held or announced, because, for example, treats both TIPS clone and instant payment issues, which await us during the current year. Capsys combines the outstanding capital markets knowledge from London, New York, and Budapest with the technology expertise […]