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13/12/2019

The Central Bank of Montenegro (CBCG) continuously supervises the banking system that is characterised by positive trends in key balance sheet positions. The system is liquid, solvent and non-performing loans to total loans ratio are at the record low of 4.62%. The stability of the banking sector is supported by adequate capitalisation, with the aggregate solvency ratio of 17.71% exceeding the statutory minimum of 10%.

With a view to further strengthening the confidence in the banking system, the CBCG has begun preparations for the implementation of AQR, the most effective prudential instrument for assessing the banks' assets quality. To that end, the CBCG has formally launched today the public procurement process to select a consultant to the CBCG who will be responsible for implementing the AQR process in accordance with the ECB’s 2018 Manual. To ensure the highest level of transparency and credibility of the process, strict criteria have been defined aimed at selecting and engaging a reputable international consultant. 

For this purpose, the CBCG has allocated the funds of 790,000 euros, which represents the total amount of the CBCG special reserves and confirms the institution’s commitment to a credible and quality implementation of this significant project.

The tender documents for this public procurement proceeding can be downloaded here.