Regulatory Alerts2021-01-01
Decision Amending the Decision on Capital Adequacy of the Development Bank of Montenegro
The Council of the Central Bank of Montenegro issued this decision on 27 February 2026 to amend the regulatory framework governing the capital adequacy of the Development Bank of Montenegro. The amendments primarily involve renumbering specific items within Article 2, deleting references to equivalent cash items and cash assimilated instruments in Articles 33, 37, and 42, and correcting terminology in Articles 36 and 47. This decision enters into force on the eighth day following its publication in the Official Gazette of Montenegro.
Pursuant to Article 44 paragraph 2 item 3 of the Central Bank of Montenegro Law (OGM 40/10, 6/13, 70/17, 125/23), and Article 33 paragraph 9 of the Law on the Development Bank of Montenegro (OGM 99/24, 140/25), the Council of the Central Bank of Montenegro, at its meeting held on 27 February 2026, passed the following DECISION AMENDING THE DECISION ON CAPITAL ADEQUACY OF THE DEVELOPMENT BANK OF MONTENEGRO Article 1 In the Decision on Capital Adequacy of the Development Bank of Montenegro (OGM 94/25), in Article 2 paragraph (1) item 19), the words: “in item 19” shall be replaced by the following: “in item 20”. Item 27) shall be deleted. Current items 28) to 30) shall become items “7) to 29). Article 2 In Article 33 paragraph (4), the comma and the words: “and equivalent cash items” shall be deleted. In paragraph (5), the Montenegrin word translated as “outright” shall be replaced by another Montenegrin word with no relevance to English translation. Article 3 In Article 36 paragraph (1), item 1) shall be amended to read: “1) deposit held with a credit institution;”. Article 4 In Article 37 paragraph (7), in the introductory sentence, the words: “or cash assimilated instruments”, and the Montenegrin word translated as “held” shall be replaced by another Montenegrin word with no relevance to English translation. Article 5 In article 42 paragraph (5), the words: “or cash assimilated instruments” shall be deleted.
In paragraph (7), item 1) shall be amended to read: “1) the collateral is cash on deposit held with credit institution for that purpose; or”. Article 6 In Article 47 paragraph (2) item 1), in the introductory sentence, the words: “item 28)” shall be replaced by the following: “item 27)”. Article 7 This Decision shall enter into force on the eighth day following that of its publication in the Official Gazette of Montenegro. THE COUNCIL OF THE CENTRAL BANK OF MONTENEGRO Decision number: 0101-1771-4/2026 Podgorica, 27 February 2026 CHAIRPERSON G O V E R N O R Irena Radović, m.p.