CBCG Council Meeting: CBCG Transfers 7.8 Million Euros of Profit to State Budget
31/03/2026
Today, the Council of the CBCG) was held a meeting, chaired by Governor Irena Radović.
At the meeting, the Council members discussed and approved Financial Statements of the Central Bank of Montenegro for 2025 with the Independent Auditor’s Report.
According to the Financial Statements, the CBCG recorded a net profit of €19.5 million in 2025.
Following the Decision on the Allocation of CBCG’s 2025 profit, adopted by the Council today, 7.8 million euros will be transferred to the state budget of Montenegro, while the remaining profit will be allocated to the CBCG’s general and special reserves. This distribution contributes to the liquidity of the state budget, further strengthens CBCG’s financial position, and ensures funds for implementing strategic CBCG projects, such as the introduction of a modern instant payment system in Montenegro.
The objectivity and quality of the reported results were confirmed by the positive opinion of the independent external auditor, who stated that “the financial statements give a true and fair view of the Bank’s financial position as at 31 December 2025, its performance and cash flows for the year then ended, in accordance with International Financial Reporting Standards.”
As in previous years, the independent auditor did not have recommendations regarding CBCG’s financial operations, further confirming the quality of the CBCG’s financial statements and the transparency of the institution’s work.
At today’s meeting, the Council also adopted the draft Law Amending the Payment System Law, which fully aligns the domestic legal framework for payment services with the European Union acquis. This further strengthens the conditions for the full integration of the domestic payment system into modern European payment infrastructures. The proposed amendments will contribute to the continued modernisation of payment transactions, improve system efficiency, and enhance services for citizens and businesses.
The Council adopted the Analysis on the Quarterly Review of the Appropriateness of the Countercyclical Capital Buffer Rate, which concluded, based on an assessment of relevant trends in the banking sector and the overall economy, that the countercyclical capital buffer rate should remain unchanged.
Today, the CBCG Council also adopted a Decision on revoking the licence to the debt purchase company “Foldana Financial” LLC Podgorica, due to the company’s failure to implement measures imposed by the CBCG, and due to non-compliance with regulations governing debt purchase operations.
At today’s meeting, the Council also adopted the Report on the Operations and Policy Implementation of the Central Bank for February 2026, the quarterly reports on the operations of banks, financial service providers, and the Development Bank (for Q4 2025), and was informed of the annual reports on bankruptcy proceedings for Atlas Banka AD Podgorica and Invest Banka Montenegro AD Podgorica. It also discussed other issues within CBCG’s competence.