December 26, 2023
The Central Bank (CBCG), in cooperation with the Association of Banks (UBCG), organized a meeting with representatives of commercial banks, where it presented key aspects of the upcoming implementation of the Bank Recovery and Rehabilitation Directive (BRRD 2). In the process of harmonizing with the European regulatory framework, the CBCG amended the Law on the Rehabilitation of Credit Institutions, as well as the Law on Bankruptcy and Liquidation of Banks. After receiving the evaluation of these documents by the European Commission, the CBCG expects that they will begin to be applied in Montenegro in the first months of 2024. The […]
November 24, 2023
On Thursday, 23.11.2023, the SWIFT User Group meeting was held, first direct one after the covid crisis period, when only online meetings were held. This was an excellent opportunity to have a visit and presentation of the Regional SWIFT Director for Montenegro Mr Borko Beslin, as well as the representative of SWIFT Business Partner CIS Mr Bogdan Belic. The meeting was an excellent opportunity to discuss all current topics through the presentations given by Mr Beslin and three SWIFT experts via video-link, as well as through the talks with banks’ representatives. Since certain new mandatory products have recently been announced […]
November 21, 2023
20.11.2023. At the invitation of the Chamber of Commerce of Montenegro, representatives of UBCG attended the awards ceremony by PKCG. The President of the Chamber of Commerce of Montenegro, Dr. Nina Drakić, congratulated the laureates and thanked President Milatović for supporting the awardees and the Chamber as a unique business association in its efforts to contribute to the sustainable growth and development of the country. Owners and managers of Montenegrin companies deserve the full respect of all members of our society. They are the ones who create new values in the broadest sense of the word, and we must respect […]
November 9, 2023
The formation of a Government that is focused on economic development is a positive signal for the business community and society as a whole. The banking sector will, as far as possible, support the government on the road to economic reforms, said representatives of the Association of Banks at a meeting with Prime Minister of Montenegro Milojko Spajić and Minister of Finance Novica Vuković. At the meeting on 08.11.2023. held in the Government, the Prime Minister familiarized himself with the operations of banks in Montenegro with special emphasis on the existing business barriers which, as announced by the Association, do […]
November 2, 2023
On the occasion of World Savings Day, on October 31, UBCG, in cooperation with commercial banks that are members of the Association of Banks of Montenegro, organizes the action “Savings Week”. World Savings Day is a day when we are reminded how important it is to have financial security in the form of savings and how important save for set goals. World Savings Day was established on October 31, 1924 in Milan, at the first International Congress of Savings Banks. Banks around the world and almost a century later, reward their most loyal depositors on this day and remind them […]