At today’s meeting of the Council of the Central Bank of Montenegro, chaired by Governor Dr. Irena Radović, a set of bylaws was adopted, as required by the amendments to the Law on the Resolution of Credit Institutions. The adoption of these bylaws aligns the regulatory framework for credit institution resolution with relevant EU regulations, ensuring the conditions for efficient resolution processes, enhancing legal certainty, and reducing systemic risks, as stated by the CBCG.
They added that, in order to improve the standards of safe and efficient payment transactions in the country and contribute to the successful implementation of the SEPA project, the Council decided to establish a National Payment Committee.
“The primary task of this inter-institutional body, coordinated by the CBCG, is to encourage cooperation among payment system participants, exchange of views, and coordination of activities that contribute to the improvement of Montenegro’s payment system as part of the SEPA area. Additionally, the committee will propose new solutions to achieve greater security and efficiency in payment transactions and its further development.” The Council also reviewed the Report on the Operations and Policy Implementation of the Central Bank of Montenegro for January 2025. According to the report, CBCG’s activities during the observed period were carried out in accordance with its 2025 Policy. It was noted that the banking sector remains solvent and liquid, with stable deposit growth and continued strong credit activity.
The report further mentioned that credit standards and conditions for both individuals and businesses were eased in the fourth quarter of 2024 compared to the previous quarter, as shown by the results of the banks’ credit activity survey.
“Bank expectations are that credit standards and conditions will continue to ease in the first quarter of 2025, influenced by increased competition, favorable economic conditions, reduced non-performing loans, and lower interest margins,” the statement concluded. The Council also reviewed and adopted other materials within its jurisdiction.
