Decision on Credit Registry

Pursuant to Article 44 paragraph 2 item 3 of the Central Bank of Montenegro Law (OGM 40/10, 6/13, 70/17, 125/23), the Council of the Central Bank of Montenegro, at its meeting held on 15 September 2026, passed the following DECISION ON CREDIT REGISTRY
I. BASIC PROVISIONS
I Subject matter
Article 1
This decision shall regulate all types of data and information on the indebtedness (hereinafter: the data) to be submitted to the Central Bank of Montenegro (hereinafter:
the Central Bank) for the purposes of maintaining the Credit Registry, the manner and deadlines for their submission, and terms and conditions and the manner of using the data from the Credit Registry. Credit Registry
Article 2
(1) Credit Registry shall be a unified and standardised electronic database containing information on the indebtedness of individual persons towards the reporting entities referred to in Article 3 of this Decision (hereinafter: “indebtedness”), maintained by the Central Bank of Montenegro (hereinafter: the Central Bank). (2) Data referred to in Credit Registry shall be confidential and may be delivered for use only under the conditions and in the manner specified in this Decision.
II. REPORTING ENTITIES
Reporting entities
Article 3
(1) Entities required to submit data for the purposes of maintaining the Credit Registry (hereinafter: the reporting entities) shall be:

1. credit institutions and branches of credit institutions from third countries licensed
   or authorised by the Central Bank; other business undertakings supervised by the Central Bank:

• leasing companies,

• factoring companies,

• companies for purchase of receivables,

• micro-credit financial institutions,

• credit and guarantee funds,

• the Development Bank of Montenegro,

• payment institutions,

2. entities referred to in items 1) and 2) of this paragraphwhose licence has been
   withdrawn by the Central Bank in accordance with the law.
   (2) The reporting entities shall also include business undertakings and other entities with which the Central Bank has entered into a separate agreement on the submission of data for the purposes of maintaining the Credit Registry, which shall specify:
3. data to be submitted to the Central Bank for the purpose of Credit Registry;
4. manner and deadlines for the submission of data to the Credit Registry;
5. type and manner of using data from the Credit Registry and the amount of fee
   charged for the use of such data;
6. other rights and obligations of the contracting parties.
   III. SUBMISSION OF DATA FOR THE PURPOSE OF MAINTAINING CREDIT
   REGISTRY
   Types of data on indebtedness
   Article 4
   For the purpose of maintaining the Credit Registry, the following data shall be submitted to the Central Bank:
7. indebtedness of debtors towards the reporting entities based on:

• loans,
• financial leasing,
• factoring,
• purchase of receivables,
• credit cards,
• current account overdrafts;

2. contingent liabilities to the reporting entities based on credit and guarantee
   operations, other issued guarantees, letters of credit, and other off-balance sheet items resulting in the liability to the reporting entity;
3. contingent liabilities of sureties/warrants/co-debtors and other security instrument
   providers (hereinafter: collateral) for indebtedness;
4. indebtedness for which data are submitted in accordance with the contracts
   referred to in Article 3 paragraph (2) of this Decision;
5. other receivables where there is risk exposure.

Reporting period for individual indebtedness
Article 5
(1) The reporting entities shall submit data on individual indebtedness, including data on contingent liabilities based on suretyship/warranting/co-indebtedness to the Central Bank until the moment of termination of repayment of such a debt. (2) The receivable based on indebtedness, within the meaning of paragraph (1) of this
Article, shall be considered to be terminated if the debt has been fully met, or the debt
has not been fully met but the reporting entity has terminated the collection procedure. Manner and deadlines for data submission
Article 6
(1) The reporting entities shall submit to the Central Bank, for the purposes of maintaining the Credit Registry, data on:

1. total outstanding indebtedness - (hereinafter: KR data);
2. newly approved indebtedness - (hereinafter: KRN data);
3. payments made in respect of indebtedness - (hereinafter: KRP data).
   (2) By way of exception to paragraph (1) of this Article, the reporting entities referred to in Article 3 paragraph (1) item 3) of this Decision shall submit only KR data. (3) The reporting entities shall submit data referred to in paragraph (1) of this Article to the Central Bank in the following deadlines:
4. KR data once a month, and no later than ten days following the expiry of the
   reporting month;
5. KRN data no later than the first working day following the date of execution of the
   agreement or other legal transaction by which the indebtedness is approved;
6. KRP data no later than the first working day following that of the execution of
   payment based on indebtedness.
   (4) By way of exception to paragraph (3) item 1) of this Article, the reporting entities shall submit KR data for December to the Central Bank by 20 January of the following year. (5) The data referred to in paragraph (1) of this Article shall be submitted by reporting entities in electronic form, in accordance with the instructions for the submission of reports and technical specifications determined by the Central Bank and provided to the reporting entities. (6) In the event of an amendment to the technical specifications referred to in paragraph (5) of this Article, the Central Bank shall determine the deadline for commencing the submission of data in accordance with such specifications, taking into account the scope and complexity of the amendments made.

Persons authorised for the submission of data
Article 7
The reporting entities shall provide information on the persons authorised to submit data and information for the purposes of maintaining the Credit Registry, using the Template KR-PL, which is provided in Annex to this Decision and forms an integral part thereof. Updating of data
Article 8
The Central Bank shall update database of the Credit Registry with the data submitted by the reporting entities, no later than the day following that of the reception of data from the reporting entities. Responsibility for data accuracy
Article 9
(1) The reporting entities shall submit accurate data for the purpose of maintaining Credit Registry and shall be responsible for their accuracy. (2) The Central Bank shall be responsible for the compatibility of data in the Credit Registry with those submitted by the reporting entities.
IV. CREDIT REGISTRY CONTENT
Database
Article 10
The Credit Registry shall establish database on indebtedness of individual persons based on data submitted in accordance with the Decision, which contains the following:

1. identifying data about debtors, including data on sureties/warrants/co-debtors (ID
   number/unique master citizen number, title / name and last name, address of head office / residence, municipality, country, activity, and the like);
2. data on the balance at the end of the month per individual type of indebtedness
   under all bases set forth in Article (4) of this Decision (number of the agreement or other legal transaction, loan account number, type of indebtedness, indebtedness account, date of execution of the agreement or other legal transaction, disbursed amount, outstanding principal, repayment method, contractual instalment, maturity date of the first instalment, maturity date of the final instalment, nominal interest rate, effective interest rate, type of interest rate, interest rate index, fee amount, debtor's consent, and the like);
3. data on the regularity of debt repayment (debt status, past due days, overdue
   unpaid principal, overdue unpaid interest, principal repaid, interest paid, amount of provisions, amount of impairment adjustments and provisions for off-balance-

sheet items, debt classification determined by the reporting entities referred to in
Article 3 paragraph (1) items 1) and 2) indents 1 to 6, and item 3) of this Decision,
etc.);
4) data on collateral provided by the debtor (cash deposit, pledge over securities,
other pledge, fiduciary transfer of ownership, mortgage, bill of exchange, administrative prohibition on disposal of funds, etc.), as well as data on collateral provided by third parties (sureties/co-debtors, etc.);
5) data on indebtedness approved after the latest available monthly position;
6) data on payments made in respect of indebtedness after the latest available
monthly position;
7) other data derived from the data contained in the Credit Registry database, data
collected by the Central Bank from other databases, or other data that the Central Bank deems necessary for maintaining the Credit Registry.
V. USE OF DATA FROM THE CREDIT REGISTRY
Data beneficiaries from the Credit Registry
Article 11
Data from the Credit Registry may be made available to:

1. to the reporting entities referred to in Article 3 paragraph (1), items 1) and 2) of this
   Decision, provided that they meet the requirements for access to the Central Bank’s information system referred to in Article 12 of this Decision and have the debtor’s written consent, or the debtor’s consent in electronic form given in accordance with the law governing electronic signatures and electronic documents, for access to the data from the Credit Registry, provided on the Template KR-SK attached to this Decision and constituting an integral part thereof;

2. the reporting entities referred to in Article 3 paragraph (2) of this Decision under
   the conditions specified by the contract;

3. the persons whose data on indebtedness are kept with the Credit Registry,
   including persons who are sureties/warrants/co-debtors under those indebtedness, pursuant to the conditions specified in Article 1 of this Decision. Conditions for accessing the information system
   Article 12
   (1) The reporting entities accessing the information system of the Central Bank shall:

4. have in place the rules and procedures necessary to ensure the security of the
   system and the confidentiality of data from the Credit Registry;;

5. undertake to respect the Central Bank’s Information Security Policy and
   Information Security Rules, which shall be supplied to them by the Central Bank;

6. provide information on the person responsible for implementing security and
   protection measures relating to access to the Central Bank’s information system – Credit Registry, using the Template KR-MB attached to this Decision and constituting an integral part thereof; and

7. provide information on the person authorised to submit, on behalf of individual
   employees, requests to the Central Bank for approval of access to the Credit Registry, using the Template KR-OP attached to this Decision and constituting an integral part thereof. (2) By way of exception to paragraph (1) of this Article, reporting entities that access the Central Bank’s information system but do not intend to use data from the Credit Registry shall not be required to fulfil the requirement referred to in paragraph (1) item 4) of this
   Article.
   Data available for the reporting entities
   Article 13
   (1) The reporting entity referred to in Article 3 paragraph (1) of this Decision shall be made available the following data from the Credit Registry:

8. identification data on debtors (ID number/unique master citizen number, title /
   name and last name, address of head office / residence, municipality, country, activity, and the like);

9. data on the balance at the end of the month per individual type of indebtedness
   under all bases set forth in Article (4) of this Decision:

• type of indebtedness,
• date of the agreement or other legal transaction,
• debtor’s sectoral classification,
• purpose of indebtedness,
• the contracted amount, disbursed amount, outstanding principal not yet due,
  repayment method,
• agreed instalment and maturity date of the final instalment;

3. data on interest (nominal interest rate, effective interest rate, type of interest);
4. data on the regularity of debt repayment (debt status, past due days, overdue
   unpaid principal, overdue unpaid interest, debt classification, etc.);
5. data on collateral provided by the debtor and the value thereof (cash deposit,
   pledge over securities, other pledges, fiduciary transfer of ownership, mortgage, guarantee, bill of exchange, administrative prohibition on disposal of funds, etc.);
6. data on collateral provided by third parties (sureties/warrants/co-debtors, etc.);
7. data on indebtedness approved after the latest available monthly position;
8. data on payments made in respect of indebtedness after the latest available
   monthly position;
9. data on the number of enquiries made to the Credit Registry in respect of the
   debtor during the preceding 12 months;
10. other data obtained by breaking down individual items from the Template KR, in
    accordance with the technical specification referred to in Article 6 paragraph (5) of this Decision;
11. other data from the Credit Registry database and other databases collected by
    the Central Bank, which are available through the Credit Registry.

(2) The reporting entity shall not have access to the identification data of another reporting entity with which the debtor has indebtedness, data on the contract number and loan account number relating to indebtedness with other reporting entities, or identification data of surety/warrants/co-debtors in respect of indebtedness with other reporting entities. (3) The reporting entity referred to in Article 3 paragraph (2) of this Decision may be granted access to data specified by contract. (4) In addition to the data referred to in paragraph (1) of this Article, reporting entities may also use data on the debtor’s indebtedness history and other aggregated data generated by the Central Bank on the basis of the available data from the Credit Registry. (5) Reporting entities may use data from the Credit Registry solely for the purposes for which such data were obtained. (6) Reporting entities referred to in Article 3 paragraph (1) of this Decision shall have access to historical Credit Registry data on indebtedness for the preceding three years, calculated from the latest available date to which such data relate. Access to data by reporting entities
Article 14
Access to data from the Credit Registry shall be provided by the Central Bank to reporting entities electronically, 24 hours a day, every day. Withdrawal of the right to access data
Article 15
The Central Bank may withdraw a reporting entity’s right to use data from the Credit Registry, temporarily or permanently, if the reporting entity:

1. fails to comply with the conditions for the submission and use of data from the
   Credit Registry prescribed by this Decision;
2. fails to submit accurate data or fails to update, in a timely manner, the data
   submitted for the purposes of the Credit Registry; or
3. fails to pay the fee for the use of data from the Credit Registry.
   Provision of data to debtors and sureties/warrants/co-debtors
   Article 16
   (1) The Central Bank shall provide data from the Credit Registry to persons in respect of whose indebtedness data are maintained in the Credit Registry and to persons who are sureties/warrants/co-debtors in respect of indebtedness, at its premises, on the basis of a written request submitted by such persons. (2) A request referred to in paragraph (1) of this Article submitted by a legal person or an entrepreneur shall be signed and certified by an authorised person in accordance with

the regulations, while, where the request is submitted by a natural person, the identity of such person shall be verified. (3) Data from the Credit Registry may be obtained in respect of another person only if the request is accompanied by a certified authorisation for obtaining such data issued by the person whose data are being requested, or by another person in accordance with the law. (4) The Central Bank shall provide the data referred to in paragraph (1) of this Article to applicants in written form. (5) By way of exception to paragraphs (1) to (4) of this Article, the persons referred to in paragraph (1) of this Article may access data from the Credit Registry by using an electronic service, provided that they possess an appropriate certificate for a qualified electronic signature, in accordance with the law governing electronic signatures and electronic documents. Fee for use of data
Article 17
(1) The Central Bank shall charge a fee for providing the service of supplying data from the Credit Registry, in the amount determined by the regulation establishing the tariff of fees for the services provided by the Central Bank. (2) The reporting entities shall pay the fees referred to in paragraph (1) of this Article on a quarterly basis, within eight days from the date of receipt of the invoice issued by the Central Bank. (3) The persons referred to in Article 16 paragraph (1) of this Decision shall submit proof of payment of the fee for the use of data from the Credit Registry to the Central Bank together with the request for obtaining such data. (4) If, in the procedure for approving indebtedness subject to reporting in accordance with this Decision, a reporting entity charges another participant in that transaction a fee for the use of data from the Credit Registry, such fee may not exceed the fee referred to in paragraph (1) of this Article.
VI. MISDEMEANOURS
Article 18
(1) A pecuniary penalty in the amount ranging from EUR 5,000 to EUR 10,000 shall be imposed on a reporting entity referred to in this Decision if:

1. it fails to submit to the Central Bank data for maintaining Credit Registry within the
   prescribed timeframe (Article 6 paragraphs (3) and (4));
2. it submits to the Central Bank incorrect data for the Credit Registry purposes
   (Article 9 paragraph (1)).

(2) For the misdemeanour referred to in paragraph (1) of this Article, a responsible person in the reporting entity shall be also imposed a pecuniary penalty in the amount ranging from EUR 500 to EUR 1,000.
VII. TRANSITIONAL AND FINAL PROVISIONS
Special reporting entities
Article 19
The special reporting entities referred to in Article 20 paragraph (1) of the Decision on the Credit Registry (OGM 39/18, 18/19) shall continue to report to the Central Bank in the manner and within the time limits prescribed by this Decision, until the claims forming the basis for such reporting cease to exist. Repealed regulation
Article 20
As of the day of entry into force of this Decision, the Decision on Credit Registry (OGM 39/18, 18/19) shall be repealed. Entry into force
Article 21
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

CHAIRPERSON
G O V E R N O R

Irena Radović, m.p.
Decision number: 0101-6963-7/2026
Podgorica, 15 September 2026

ANNEX
Template KR-PL

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Stamp of the reporting entity
DETAILS OF PERSONS
AUTHORISED TO SUBMIT DATA AND INFORMATION
FOR THE PURPOSES OF MAINTAINING THE CREDIT REGISTRY _______________________________________________________________ (full name of the reporting entity as stated in the registration certificate issued by the CRPS) Registration number of the reporting entity: ______________________________ The following persons are authorised by the reporting entity to submit data and information for the purposes of maintaining the Credit Registry:

1. Full name: ____________________________________________
   Telephone number ______________________________ E-mail address: _____________________________ Handwritten signature of the authorised person: ______________________
2. Full name: ____________________________________________
   Telephone number ________________________________ E-mail address: _____________________________ Handwritten signature of the authorised person: _____________________ Place and date: ___________________________

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Stam and signature of the authorised person

Template KR-SK

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Stamp of the reporting entity

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Consent No.
CONSENT
OF THE DEBTOR FOR ACCESS TO DATA FROM THE CREDIT REGISTRY ______________________________________________ hereby gives consent for (name and registration number, or full name and unique master number of the debtor) ___________________________________________________ (full name of the reporting entity as stated in the registration certificate issued by the CRPS) to access the data maintained in the Credit Registry of the Central Bank of Montenegro in the name of ___________________________________________. (name and registration number, or full name and unique master number of the debtor) The reporting entity may access the data covered by this consent:

1. ☐ only once, for the purposes of considering an application for approval of a loan
   or other indebtedness; or
2. ☐ without limitation, until the contractual relationship with the person granting the
   consent terminates.
   Note: Tick the selected option.
   Place and date: _______________
   CONSENTING PARTY

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Template KR-MB

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Stamp of the reporting entity
DETAILS OF THE PERSON RESPONSIBLE FOR IMPLEMENTING SECURITY AND PROTECTION MEASURES IN RELATION TO ACCESS TO THE CENTRAL BANK’S INFORMATION SYSTEM – CREDIT REGISTRY _______________________________________________________________ (full name of the reporting entity as stated in the registration certificate issued by the CRPS) Registration number of the reporting entity: ________________________________ Person responsible for implementing security and protection measures in relation to access to the Central Bank’s information system - Credit Registry is:
Full name: ____________________________________________ Telephone and fax number: ___________________________________ E-mail address: ____________________________________________ Handwritten signature of the authorised person: ___________________________ Place and date: _______________ _____________________ Stamp and signature of the authorised person

Template KR-OP

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Stamp of the reporting entity
DETAILS OF THE PERSON AUTHORISED TO SUBMIT TO THE CENTRAL BANK REQUESTS FOR APPROVAL OF ACCESS TO THE CREDIT REGISTRY FOR INDIVIDUAL EMPLOYEES OF THE REPORTING ENTITY _______________________________________________________________ (full name of the reporting entity as stated in the registration certificate issued by the CRPS) Registration number of the reporting entity: _________________________________ The person authorised to submit to the Central Bank requests for approval of access to the Credit Registry for individual employees of this reporting entity is:
Full name _________________________
Telephone and fax number: ______________________________ E-mail address: _________________________ Handwritten signature of the authorised person: ______________________ Place and date: _____________ _____________________ Stam and signature of the authorised person