77th Meeting of the Financial Stability Council
25/05/2026
The Financial Stability Council held its 77th meeting today, chaired by Irena Radović, the CBCG Governor and the Council Chair. The meeting was attended by Council members Novica Vuković, Minister of Finance, Željko Drinčić, President of the Capital Market Authority; and Marko Ivanović, President of the Council of the Insurance Supervision Agency. At the invitation of the Governor, the newly appointed Director of the Deposit Protection Fund, Andrija Radunović, also attended the meeting.
At today’s meeting, the Council discussed the Report on the Financial Stability Council for 2025. The Report states that financial stability in Montenegro was safeguarded throughout 2025, while the level of risk within the financial system was assessed as moderate, despite global geopolitical tensions and challenges arising from both the domestic and international environment. As the prevailing segment of the financial system, the banking sector demonstrated resilience and stability, continuing to support the economy.
The Council also discussed the Information on Financial Stability for Q1 2026. Data for the first quarter of the current year showed annual growth in retail trade (4.2%) and industrial production (7.5%), with a slight decline was recorded in tourist arrivals (1.3%) and overnight stays (2.6%).
The banking sector recorded stable growth in deposits, reaching 5.92 billion euros at the end of March. Total loans amounted to 5.59 billion euros at the end of March 2026, representing a year-on-year increase of 15%. Lending growth was accompanied by a decline in non-performing loans and lending interest rates. Consequently, the share of non-performing loans (NPLs) in total loans stood at 2.43% at end-March 2026, while the average weighted lending interest rate decreased by 0.28 percentage points over the same period, reaching 6.13% at the end of March 2026.
In the insurance sector, gross written premiums increased by 6.18% during the first three months of 2026 compared to the same period last year.
The Council assessed that the banking sector’s exposure to systemic risks remains moderate, alongside current cyclical risks (credit growth and rising real estate prices), which the CBCG continues to monitor closely, as well as elevated geopolitical risks.