CBCG and Deposit Protection Fund: Stable Cooperation for the Benefit of Depositors
31/07/2025
The Governor of the Central Bank of Montenegro (CBCG), Ms. Irena Radović, met with the Director general of the Deposit Protection Fund, Mr. Vojin Vlahović. The meeting covered current topics within the Fund’s mandate, stability of the deposit protection system, and the results achieved by the Fund over the past period.
Particular focus was placed on the ongoing process of compensating depositors of two bankrupt banks – Atlas Bank AD Podgorica and Invest Bank Montenegro AD Podgorica. As of 30 June 2025, 67 million euros have been paid to depositors of Atlas Bank and 20.5 million euros to those of Invest Bank Montenegro, resulting in high compensation rates of 74.2% and 91.4%, respectively. These figures further confirm the functionality and reliability of Montenegro’s deposit protection system.
Governor Radović expressed her satisfaction with the quality and substantive cooperation between the two institutions, stating that joint efforts contribute to preserving confidence in Montenegro’s financial system. She particularly commended the results the Fund has achieved under the leadership of the Director General Vlahović since 2021.
It was highlighted that the Fund’s total assets amounted to 232.7 million euros as of 30 June 2025, confirming the system’s capacity to effectively respond to potential risks and ensure depositor protection in accordance with the law. The strong growth in the Fund’s total assets during 2024 further contributes to the strengthening of overall financial stability and safety of citizens` funds deposited in banks.
Director General Vlahović thanked the CBCG for its continued support and open cooperation, emphasizing that institutional synergy is a key prerequisite for a strong and reliable banking sector. He also noted that the Fund remains committed to enhancing financial stability and further educating citizens about their rights related to deposit insurance, in line with its mission to contribute to the preservation of Montenegro’s financial system stability.