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Press Releases 2016 - March
25.03.2016 - Eighty-fourth meeting of the CBCG Council
21.03.2016 - Successful application of CBCG’s electronic services
21.03.2016 - Central Bank of Montenegro successfully implemented the Global Money Week (GMW)
14.03.2016 - Memorandum of Understanding between the Central Bank of Montenegro and Deutsche Bundesbank
14.03.2016 - Global Money Week begins
14.03.2016 - Global Money Week begins
CENTRAL BANK OF MONTENEGRO
Podgorica, 25 March 2016
Eighty-fourth meeting of the CBCG Council
Council of the Central Bank of Montenegro held today its eighty-fourth meeting chaired by the Governor, Milojica Dakić.
The Council passed the Report of the Governor on operations and implementation of the policy of the Central Bank of Montenegro for January and February 2016, which states that the activities of the Central Bank in this period were carried out in accordance with the planned commitments in the Working programme of the Central Bank in 2016. The Council analysed and rated the impact of potential risks to financial stability and concluded that the financial system is stable, and the level of systemic risk is moderate.
The Council passed the Decision on amending the Decision on the structure, conditions and manner of transaction account opening and closing for its harmonization with the regulations governing the prevention of money laundering. The Decision obliges payment services users to provide information to providers of payment services on any data and documentation on the basis of which transaction account has been opened, not later than three days from the date of change occurrence.
The Council passed the Decision on commemorative gold and silver coins on the occasion of celebrating ten years of the restoration of independence of Montenegro.
The Council adopted the Report on the operations of banks and MFIs in the fourth quarter of 2015, with the information on the realization of the strategies and operational objectives dealing with non-performing loans in banks. It was noted that the operations of banks in the one-year period were characterized by the growth of assets, loans, deposits and capital. Indicators of liquidity and solvency are significantly above the prescribed level. All indicators of asset quality have improved. According to final data for 2015, the financial result at the system level is negative. The Council stated that non-performing loans amounted to 324 million euros at the end of 2015, and that there has been a substantial reduction by 16.95% compared to the previous year.
CENTRAL BANK OF MONTENEGRO
Podgorica, 21 March 2016
Successful application of CBCG’s electronic services
The 10 000th request submitted via CBCG’s e-Portal
The jubilee 10 000th request via e-Portal was submitted today to the CBCG. This serves as a confirmation of the dedication of the government and local self-government authorities as well as legal persons and citizens to, more often, resort to electronic services in their cooperation with the CBCG. The main advantage of using electronic services lies in a simple access to all the data via Internet from anywhere in the world, while saving money and time.
In line with modern developments in the information-communication technologies, via electronic services, the CBCG enabled on-line participation in the T-bills auctions as well as the access to data in the Enforced Collection System (overview of executed orders, overview of non-executed and semi-executed order, certificate on the number of days an account has been blocked, the collection schedule in the priority records) and the data in the Central Registry of Transaction Accounts. In addition to the abovementioned, the service of on-line payments was enabled in line with the Decision on Determining Tariff for Calculating Fees Charged for the Central Bank of Montenegro Services. Activities have been undertaken regarding the issuing of electronic report based on credit registry data for legal and natural persons in Montenegro.
Such results are of particular significance since they were achieved over a relatively short period – to wit, the application of electronic access and the use of offered services started as at 3 August 2015.
Instructions for the use of CBCG’s electronic services are available on the CBCG website.
CENTRAL BANK OF MONTENEGRO
Podgorica, 21 March 2016
Central Bank of Montenegro successfully implemented the Global Money Week (GMW)
By numerous educational activities the Central Bank of Montenegro celebrated the GMW which lasted from 14 to 20 March 2016. The event, which aims to strengthen economic and financial literacy, this year, included nearly a thousand children and young people from various Montenegrin towns.
Representatives of the Central Bank prepared an interactive workshop on savings and money for preschool children. Primary school pupils had the opportunity to participate in workshops ''Welcome to the world of money'' and high school students learned how to recognize counterfeit money. Also, representatives of the Central Bank visited the Day care centre for children with disabilities in Nikšić.
Workshops and lectures were held in Podgorica, Bijelo Polje, Berane, Bar, Budva and Nikšić.
Aim of these activities is to include children and youth in the global campaign that brings together millions of participants around the world.
CENTRAL BANK OF MONTENEGRO
Podgorica, 14 March 2016
Memorandum of Understanding between the Central Bank of Montenegro and Deutsche Bundesbank
Director of the Centre for Technical Cooperation of the Deutsche Bundesbank, Martin Dinkelborg and CEO of Central Bank of Montenegro, Radoica Luburić, signed i the Memorandum of Understanding on technical cooperation in Frankfurt on 10 March 2016. Previous Memorandum of Understanding between the Central Bank of Montenegro and Deutsche Bundesbank was signed in April 2012.
It is a document that represents the basis of successful cooperation in the field of personnel training, which Deutsche Bundesbank has been organizing for many years in the form of technical cooperation. This cooperation enables the Central Bank of Montenegro to participate in important projects and seminars organized by the Deutsche Bundesbank. Only in 2015, 36 employees of the Central Bank of Montenegro, participated in seminars, workshops and bilateral programs in Frankfurt, while over 20 participated in the program of cooperation with the Deutsche Bundesbank organized in Podgorica. These activities will continue in the coming year.
Members of delegations of the two central banks attended the signing of the Memorandum, as well as the meetings organized on this occasion.
CENTRAL BANK OF MONTENEGRO
Podgorica, 14 March 2016
Global Money Week begins
Celebration of the Global Money Week, under the slogan " Take part save smart" has started today, by the visit of the students from school for secondary and higher vocational education ''Sergije Stanić'' to the Central Bank of Montenegro.
High school students were welcomed by the Governor of the Central Bank of Montenegro, Milojica Dakić. They attended lectures on the central banking and recognizing counterfeit money. Mission, goals and functions of the Central Bank of Montenegro were presented to the students, and they had the opportunity to familiarize with the ways how to recognize counterfeit money.
By celebrating the Global Money Week, from 14 to 20 March 2016, the Central Bank of Montenegro aims to strengthen economic and financial skills of children and young people in Montenegro.
CENTRAL BANK OF MONTENEGRO
Podgorica, 14 March 2016
Global Money Week begins
Global Money Week under the slogan „Take Part. Save Smart!“ will take place from 14 to 20 March 2016. The goal of the Global Money Week is the strengthening of global economic and financial literacy, as well as expanding financial knowledge and skills.
As a socially responsible institution, the CBCG will continue its long-standing practice of carrying out numerous activities, which will include a large number of children and youths.
On Monday, 14 March, students from the Secondary VET school ”Sergije Stanić” will pay a visit to the CBCG where they will attend lectures on the central banking and recognizing counterfeit money.
On Tuesday, 15 March, the CBCG representatives will pay a visit to the kindergarten “Leptirić” – JPU “Đina Vrbica”, where they will introduce the world of money to children through play.
On Wednesday, 16 March, the CBCG representatives will pay a visit to the Secondary School of Economy “Mirko Vesovic”, where they will give lecture to the future economists on banking products and services.
The following day, 17 March, the CBCG representatives are set to hold a workshop titled “Introduction to the World of Money” for the lower-grade elementary-school pupils in Bijelo Polje, Berane, Budva, Bar. At the same time, the secondary-school students in these cities will have the opportunity to learn how to identify counterfeit bank notes.
On Friday, 18 March, the CBCG representatives will visit the Day Care Centre for Children with Disabilities in Nikšić, where they will, through interactive play, introduce the protégés to the world of money, finance and saving.
Through such educational and socially responsible engagement, the Central Bank of Montenegro, as a forbearer of the ideas and the vision of financial literacy, enables the Montenegrin children and youth to become a part of this global event that gathers over a million participants.
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