Regulatory Alerts2024-01-01
Decision on Detailed Conditions for and the Manner of Granting Loans to Credit Institutions in Case of Their Liquidity Needs
The Council of the Central Bank of Montenegro issued this Decision to establish the detailed conditions and procedures for granting liquidity loans to solvent credit institutions. The regulation defines three loan types—intraday, overnight, and emergency liquidity assistance—each with specific collateral requirements, interest rate calculations, and repayment deadlines. It further mandates strict usage restrictions for loan funds, outlines application documentation, and imposes pecuniary penalties for non-compliance.
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