Podgorica, (MINA-BUSINESS) – The Council of the Central Bank (CBCG) has adopted a set of regulations necessary for the implementation of the amendments to the Law on Credit Institutions.

According to the CBCG, the package includes 11 decisions that further operationalize the provisions of the amended law, which fully aligns Montenegro’s regulatory framework for credit institutions with the requirements of the EU Capital Requirements Directive (CRD) and Capital Requirements Regulation (CRR). 

“The adoption of these decisions creates key prerequisites for fulfilling the Benchmark 1 under the Negotiation Chapter 9 – Financial Services, which marks an important step toward the provisional closure of the chapter and reaffirms the CBCG’s strong commitment to the European integration process,” the CBCG stated in a press release. 

It was concluded at the meeting, chaired by Governor Irena Radovic, that consistent application of the new rules would further strengthen the resilience and stability of Montenegro’s banking system, enhance prudential supervision, and contribute to more transparent and secure operations of credit institutions.

The Council also adopted five regulations governing the areas important for the supervision of operations of the Development Bank. The obligation to adopt these acts is stipulated by the Law on the Development Bank of Montenegro.