Decision amending the Decision on Large Exposures of the Development Bank 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 34 paragraph (6) of the 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 LARGE EXPOSURES OF THE DEVELOPMENT BANK OF MONTENEGRO
Article 1
In the Decision on Large Exposures of the Development Bank of Montenegro (OGM 94/25) Article 5 shall be amended to read:
“Article 5
When calculating large exposures, the Development Bank shall not take into account the following items:

1. in the case of foreign exchange transactions (FX transactions), exposures
   incurred in the ordinary course of settlement which does not exceed two working days following the payment date;
2. in the case of transactions for the purchase or sale of securities, exposures
   incurred in the ordinary course of settlement which does not exceed five working days following payment or delivery of the securities, whichever the earlier;
3. exposures deducted from Common Equity Tier 1 capital or Additional Tier 1
   capital or other reductions of Tier 1 capital for deductible items specified in the regulation governing the capital adequacy of the Development Bank.”.
   Article 2
   In Article 6, the word “Law” shall be replaced by the wording: “Law on the Development Bank of Montenegro (hereinafter: the Law)”.
   Article 3
   In Article 9 paragraph (1) item 5) the wording: “with the Development Bank or” shall be deleted.

Article 4
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: 0101-1771-3/2026 Podgorica, 27 February 2026 CHAIRPERSON GOVERNOR Irena Radović, m.p.