May 22, 2021

Pejaković: 15,000 citizens can count on moratorium by year end

By the end of the year, a mandatory moratorium on loan repayment can be expected by 15,000 citizens who lost their jobs since 30 March 2020, while by the end of August there will be a moratorium on legal entities for more than €350m in gross loans, says the president of the Association of Banks, Mr Bratislav Pejakovic. Commenting on the SDP’s proposed law on introducing the absolute moratorium in the next 6 months, he says that this would destroy the liquidity and stability of the banking, financial and economic systems. “The monthly collection of annuities from placed bank funds […]
May 6, 2021

For information: SAVE THE DATE: Managing Credit Risk during the COVID-19 Crisis & Recovery Phase in Europe, May 25 at 15:30 CEST, Online

It is a pleasure to invite you to our next Banking Essential Webinar: Managing Credit Risk during the COVID-19 Crisis & Recovery Phase in Europe, taking place on Tuesday, May 25th between 15:30 – 16:15 CEST, organized by the European Banking Federation and S&P Global Market Intelligence. The webinar is free of charge, but registration is needed. More information, including registration details, can be found below. ________________________________ Event Description: Over the past year, the European banking industry has been hit by volatile markets, worsening economic conditions and business continuity challenges. As a result, lenders have moved more quickly to build […]
March 3, 2021

Banker no. 52

A new issue of the Banker magazine has been released Download >>>
February 23, 2021

Meeting with the Governor, its team and members of the UBCG

The meeting of the members of the Association of Montenegrin Banks was held with the Governor and its team. The adoption of the amendments to the Decision on interim measures to mitigate adverse effects of the COVID 19 epidemic on the financial system was discussed at the meeting. It was mentioned that five packages of measures brought in the previous period were implemented by the banking system in cooperation with the Regulator, and statistical data as a basis for proactive activities in the future period were also mentioned. Special attention should be paid to SMEs in the future period, but […]
February 23, 2021

The meeting organised by the World Bank Group

23 February 2021 The UBCG Secretary General attended the meeting organised by the World Bank Group, where the main findings of the draft report Montenegro Systematic Country Diagnostic were presented. The meeting was held to make consultations with the representatives of the private and financial sector and obtain feedback on the findings of the draft Report. The consultations focused on key changes since the first diagnostic report in 2015, and on key priorities that will enable the improvement of economic resilience and reduce the poverty, strengthen institutions, and improve natural resources management and climate resilience. The following are identified as […]
February 22, 2021

Meeting with the representatives of the Ministry for Economic Development

22 February 2021 The meeting with the representatives of the Ministry for Economic Development was held in the premises of the Association of Montenegrin Banks. The topic of the meeting was to harmonise steps in optimising operational activities that would be defined through the Business Cooperation Agreement, regarding the implementation of approved interest rate subsidy requests during the grace period for loans of bank’s customers who met the requirements in accordance with the Ministry’s public invitation, i.e. for existing earmarked loans for tourism and hospitality. A scope of activities has been created, the next steps have been agreed, which will […]