Regulatory Alerts2025-01-01
Decision Supplementing the Decision on the Calculation and Reporting of the Effective Interest Rate on Loans and Deposits
The Council of the Central Bank of Montenegro issued this decision to formally adopt a new methodology for calculating and reporting the effective interest rate on consumer loans. The regulation establishes precise mathematical formulas and standardized assumptions for tranche drawdowns, repayment schedules, and fee structures to ensure consistent EIR computation. These provisions enter into force the day following publication and apply retroactively to transactions occurring on or after 28 November 2025.
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