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27/02/2017

The Central Bank of Montenegro Council held its fifth session today, chaired by the Governor, Mr Radoje Žugić, PhD.

The Council adopted The Governor`s Report on Central Bank of Montenegro Business Activities and Policy Implementation in January 2017, stating that the Central Bank activities for this period have been implemented in line with the scheduled duties from the 2017 Central Bank Working Programme. The Council analysed and evaluated the impact of potential risks from macroeconomic environment to the financial stability, within the financial system, and found it to be stable and the level of systemic risk as moderate.

The Council passed the Decision on the Amendments to the Decision on the Structure, More Detail Conditions and Manner of Transaction Account Opening and Closing stipulating that the payment service providers, inter alia, are obliged to cancel transaction accounts of payment system users without request, if the payment system user ceased to exist as a legal person, in accordance with the law and other regulation. More realistic image on both real value of the blocked accounts and the actual number of payment system accounts will be achieved in this way.

The Council also passed the Resolution on granting licence to microcredit financial institution “Capital – Invest” Ltd – Berane.