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25/07/2025

At today’s meeting of the Council of the Central Bank of Montenegro chaired by the Governor, Ms. Irena Radović, a set of regulations was adopted to enable the implementation of the Law Amending the Law on Credit Institutions.

The package includes eleven decisions that further operationalize the provisions of the amended law, which fully aligns Montenegro’s regulatory framework for credit institutions with the requirements of the EU Capital Requirements Directive (CRD) and Capital Requirements Regulation (CRR).

The adoption of these decisions creates key prerequisites for fulfilling the Benchmark 1 under the Negotiation Chapter 9 – Financial Services, which marks an important step toward the provisional closure of the chapter and reaffirms the CBCG’s strong commitment to the European integration process. During the meeting, it was emphasized that consistent application of the new rules will further strengthen the resilience and stability of Montenegro’s banking system, enhance prudential supervision, and contribute to more transparent and secure operations of credit institutions.

The Council also adopted five regulations governing the areas important for the supervision of operations of the Development Bank. The obligation to adopt these acts is stipulated by the Law on the Development Bank of Montenegro.

Furthermore, the Council adopted a Decision on Amendments to the Financial Plan of the Central Bank of Montenegro for 2025.

The revision of the Financial Plan was primarily driven by:

• changes in the expected timeline of the SEPA payment scheme implementations;

• increased revenues from penalties imposed by the CBCG on individual credit institutions in line with the Law on Credit Institutions and the Law on the Prevention of Money Laundering and Terrorist Financing; 

• higher expenditures related to meeting the requirements of the EU reform agenda and advancing the modernisation of operations, including the introduction of AI-based digital solutions and the strengthening of cybersecurity capacities.

The Council also discussed other issues within its scope of authority.