29.01.2025. General Secretary Bratislav Pejaković, MSc, UBCG, with the support of the President of the Board for Card Services at UBCG, Aleksandar Pajević, had a meeting with representatives of the World Bank. The World Bank, in cooperation with the CBCG, is conducting an assessment of the acceptance of electronic payments (EPA – Electronic Payment Acceptance) in Montenegro, which will include a detailed analysis of the current state of electronic payments and provide recommendations for activities that would improve the acceptance and use of electronic payments in the country. The subject of the UBCG meeting with representatives of the World Bank […]

SEPA workshop held on January 16, 2025. with the support of the Central bank of Montenegro. This workshop was highly technical in nature, with special emphasis on SCT SEPA scheme, the new EPC Rulebook and related topics. Lecturers hired by CBCG Kjeld Herreman: with more than 15 years of experience in payment systems, Kjeld is a founding partner of Paylume and Francis De Roeck: A prominent payment expert with a significant role in the development of SEPA schemes through the European Payments Council (EPC). The focus of the workshop was on the regulatory and technical aspects of the accession of […]

15.01.2025. The auditing company EY was engaged for the presentation of the SEPA process through UBCG and with the sponsorship of EFSE, i.e. Finance in motion, the German development fund. EY is a global leader in providing business consulting, auditing, tax consulting and transaction advisory services. What we at Association of Banks of Montenegro insist on, when organizing workshops is that an interactive approach is implied throughout the workshop, so that the participants at the very beginning of the training were encouraged to participate in the discussion and ask questions throughout the workshop. Training objectives ► Understand what is SEPA […]

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Today, November 21, 2024, Montenegro officially became part of the Single Euro Payment Area – SEPA. Under the leadership of the Central Bank of Montenegro, Montenegro made significant efforts to harmonize the national payment system and current regulations with European Union (EU) standards, thanks to which it became the first country in the Western Balkans to join the SEPA geographical area, fulfilling one of the key goals of on its way to European Union membership. Accordingly, all participants of the payment schemes of the European Payment Council (EPC) will be able to send and receive SEPA credit transfers (SCT), SEPA […]

On 28.11.2024. In the Association of Banks of Montenegro, a meeting was held between the General Secretary of the UBCG and the representative of the CBCG, who, with the partnership support of the EBRD and the Frankfurt School of Finance and Management, joined the global initiative to strengthen the economic potential of women through the realization of the We Finance Code project in Montenegro. It is an initiative through which financial service providers, regulators and other actors from the private and public sector undertake to work together to increase the financing of micro, small and medium enterprises businesses owned and/or […]

On November 19, 2024. in the organization of the Association of Banks of Montenegro and the technical support of GGF (Green for Growth Fund) Finance in Motion GmbH, a development fund from Frankfurt, Germany and the engagement of Eersnt & Young offices in Belgrade held a workshop on Management of ESG influences, risks and opportunities in the financial sector. The aim of the workshop was to emphasize the role of banks and their approach to green finance, the impact of climate change and the impact on risks calculated in the banking sector, while measuring the degree of pollution by clients […]

Inclusive and sustainable economic growth in the six Western Balkan (WB6) economies depends on greater economic competitiveness. Although the gap is closing gradually, the standards of living in WB6 are well below those of the OECD and EU. Accelerating the rate of socio-economic convergence will require a holistic and growth oriented approach to policy making. This is the fourth study of the region (formerly under the title ‘Competitiveness in South East Europe’) and it comprehensively assesses policy reforms in the WB6 economies across 15 policy areas key to strengthening their competitiveness. It enables WB6 economies to compare economic performance against […]

16.10.2024. The 60th EBF meeting of associated members was held in Brussels, attended by the General Secretary of the UBCG, Bratislav Pejaković. At the meeting, in addition to information on the regional state of banks in the Western Balkans, the activities of the European Banking Federation, the implementation of the digital euro was presented, and a review was made of the state of the German economy, which is already in recession for the second year. The direct impact on banks and the financial sector in general was also pointed out, which can come from a greater degree of consolidation in […]

26-28.2024. an international congress organized by the Institute of Certified Accountants of Montenegro was held. The banking sector in Montenegro is the healthiest sector of the Montenegrin economy and has contributed to economic growth, it was announced at the XIX International Congress of Accountants and Auditors of Montenegro The Vice Governor of the CBCG, Nikola Fabris, pointed to illiquidity, which has been a decades-long problem of the Montenegrin economy. “In the last ten years, we have seen an increase in the number of blocked companies, as many as 32 percent of business entities had blocked accounts at the end of […]

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The Association of Banks of Montenegro took care to provide another workshop that will help our banks to be as more ready for all the challenges ahead. Attempts at fraud, hacker attacks and abuse of sales channels are becoming more and more common every day, where prevention is the best protection. One of the main challenges is digital identification – digital identity validation – client identity verification. The workshop emphasized the new legal regulation, eIDAS 2.0, which is being voted on in the European Parliament. It is a strong authentication and EUDI wallet acceptance that is mandatory for the banking […]