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The Central Bank of Montenegro will, in accordance with the IMF and EC recommendations, carry out an asset quality review in 2020 (hereinafter: the AQR) of the entire banking system. The 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. The 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

Indicative timeline AQR

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

Operational Plan Asset Quality Review