Regulatory Alerts2025-01-01
Decision amending 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 establish an informative list of consumer loan offers published on its website. Credit institutions are required to submit detailed loan data, including interest rates and fees, using a standardized template for eight specific loan categories. The regulation mandates initial submissions within three days of entry into force and requires monthly updates for variable rates and immediate reporting of any subsequent changes.
Share