The Central Bank of Montenegro’s Council approved the central bank’s 2025 financial statements, recording a net profit of EUR 19.5 million, and adopted a profit allocation decision that transfers EUR 7.8 million to Montenegro’s state budget with the remainder assigned to the central bank’s general and special reserves. The Council also adopted a draft law amending the Payment System Law to align payment services rules with the European Union acquis, kept the countercyclical capital buffer rate unchanged following its quarterly review, and revoked the licence of debt purchase company Foldana Financial LLC (Podgorica). The independent external auditor issued a positive opinion that the financial statements give a true and fair view in accordance with International Financial Reporting Standards and made no recommendations on the central bank’s financial operations. The Council framed the profit distribution as supporting state budget liquidity, strengthening the central bank’s financial position, and funding strategic projects including the introduction of an instant payment system; it also adopted internal and supervisory reporting covering the central bank’s February 2026 operations, Q4 2025 quarterly reports on banks, financial service providers and the Development Bank, and reviewed annual reports on bankruptcy proceedings for Atlas Banka AD Podgorica and Invest Banka Montenegro AD Podgorica.
Central Bank of Montenegro 2026-03-31
Central Bank of Montenegro approves 2025 accounts, transfers EUR 7.8 million to the state budget and revokes Foldana Financial’s debt purchase licence
The Central Bank of Montenegro’s Council approved the 2025 financial statements, confirmed by an unqualified external audit opinion, and decided to transfer EUR 7.8 million of the EUR 19.5 million net profit to the state budget, with the remainder to reserves. The Council also adopted a draft law amending the Payment System Law to align with the EU acquis, maintained the countercyclical capital buffer rate, revoked Foldana Financial LLC’s licence, and reviewed supervisory materials including quarterly and annual bank reports and bankruptcy proceedings.