The Central Bank of Montenegro will, in accordance with the IMF and EC recommendations, carry out asset quality review in 2020 (hereinafter: the AQR) of the entire banking system. Asset quality review (AQR) will be carried out in all 13 banks operating in the Montenegrin market using the financial information of the banks available as at 31 December 2019. Asset quality review will be carried out in accordance with the methodology based on the “Asset Quality Review Phase 2 Manual” of the ECB from June 2018 tailored to the local institutional and legal framework and specificities of the market.
Results of the assessment of the assets (AQR) of the Montenegrin banking system
Technical specifications of the subject matter of public procurement – provider for managing the AQR project
Guidelines on the Selection of Valuers Hired to Carry out Asset Quality Review
Guidelines on the Selection of Auditors Hired to Carry out Asset Quality Review
Questions and answers in relation to the implementation of AQR
Notification on the development of the Asset Quality Review process