NEWS – Page 27

March 20, 2017

IFRS 9 WORKSHOP HELD

The Association of Montenegrin Banks organised presentation and interactive workshop of IFRS 9 which was held by PricewaterhouseCoopers in the premises of the CBCG on 20 March 2017. Lecturers were Saša Todorović, Nikola Stamenić and Jock Nunan. The workshop covered the following topics: • Classification of financial assets in three categories, • Classification of debt instruments in accordance with the business models for financial asset management, • Investments in equity instruments are always measured at fair value, • The largest number of IAS 39 requirements that refer to the classification and measurement of financial liabilities were transposed in unchanged form […]

March 14, 2017

MEETING WITH BANKING OMBUDSMAN

Bratislav Pejaković, Secretary General of the Association of Montenegrin Banks, and Nebojša Đoković, Advisor, met today with Halil Kalač, Banking Ombudsman, in the premises of the Association. Mr. Kalač presented problems he is facing and pointed out the need of the financial education for citizens and clients of banks. Therefore, he has already discussed with the CBCG management about this topic and announced the organisation of periodic presentations in some of the towns of Montenegro on basic banking terms and services. This would facilitate both the operations of banks and clients that had problems due to insufficient information and misunderstanding.

March 9, 2017

WORKSHOP HELD ON DOCUMENT MANAGEMENT SYSTEM

The presentation and workshop organised by the Association of Montenegrin Banks was held in its premises on 9 March 2017. The lecturer was Petar Dimić, who presented with his associate the DMS solutions of the software company Taurons and ITT that cooperates with banks, insurance companies and state institutions. This gave a qualitative insight in this issue. Document Management System (DMS) enables optimal time management, where employee spends: – 50% of business hours on searching documentations, – 85% of documents are never read again, – 50% are copies – 60% are unnecessary DMS enables optimum time management, facilitates finding of […]

March 6, 2017

MEETING IN THE DEPOSIT PROTECTION FUND

A meeting with the representatives of the Deposit Protection Fund was held today which was attended by: Predrag Marković, Director of the Fund and his associate, Snežana Ivanović, and Bratislav Pejaković, Secretary General of the Association and Nebojša Đoković, Advisor. Mr. Marković informed the representatives of the Association on current activities of the Fund, particularly on the completed stress-testing of five banks (Atlas Banka, Erste Banka, Hipotekarna Banka, NLB and Addiko Banka), which was ran on voluntary basis. He also highlighted that a new Deposit Protection Law is being drafted, which should be passed during 2018. After the draft of […]

March 1, 2017

Presentation on Business Intelligence

A seminar was held on business intelligence in the premises of the Association of Montenegrin Banks on 28 February 2017. The seminar was held by the company ITBO from Belgrade that cooperates with a number of banks in Serbia and large corporations in the country and abroad. The importance of the reporting system in banks was highlighted as well as adequate package of management information that is drawn up according to the needs of beneficiaries. Large number of reports that are within large systems such as banks may lead to different forms of truth. Drawing up of reports is time […]

February 24, 2017

NPL Panel, Lessons Learned and Future Actions

Association of Montenegrin Banks participated, upon the invitation of the United Kingdom Alumni Association of Montenegro, at the Non-performing loans Panel (NPL), Lessons Learned and Future Actions. The participants to this Panel were Irena Radović, Vice-Governor of the CBCG, Milorad Katnić, President of the Board of Directors of the Societe Generale Montenegro,Katja Peček, a lawyer from Slovenia (Kings College London), Miloš Vuković, financial advisor and executive director of the Fidelity Consulting, and Bratislav Pejaković, Secretary General. The presentations and discussions held were informative and constructive due to different opinions and perceptions regarding the NPL issue or 90 days and over […]