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The Financial Stability Report provides an analysis of the current threats, risks and the vulnerabilities of the financial system of Montenegro, both those generated internally or coming from the external macroeconomic environment, and regardless of being the results of any imbalances in the financial system itself. The analysis also covers potential spillovers and effects of vulnerabilities in the financial system on economic growth and the accumulation of systemic risk. The report provides an assessment of the current situation and gives recommendations for the maintenance of the stability of the financial system.