C O N T E N T S 

• Introduction
   
• Regulatory and Supervision Developments
   
• Achieved Results
   
• Assessment of Compliance with Basel Core Principles
   
• Organization of Bank Supervision Department
   
• Structure of Banking System in Montenegro
   
• Banks' Performance in 2003
   
• Risk Exposure of Montenegro Banking Industry
   
• Measures for Implementation of Bank Supervision Policy
   
• Appendicies:
   
  • Appendix 1
     
  • Appendix 2
     
  • Appendix 3
     
  • Appendix 4
     
  • Appendix 5