Tag: blocked accounts

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Financial blockages expose structural weakness in Montenegro’s business sector

Data showing that more than 21,000 companies and entrepreneurs have blocked accounts underscores the depth of financial stress within Montenegro’s private sector. This figure is not...

CBCG reports increase in number of companies with frozen accounts

The Central Bank of Montenegro (CBCG) has published a new list of companies with frozen bank accounts, showing an increase of 21 additional blocked...

Montenegro sees 21,130 companies with blocked accounts, total debt reaches €1.54 billion

According to data from the Central Bank of Montenegro (CBCG), by the end of September, 21,130 companies and entrepreneurs in Montenegro had blocked accounts,...

Banks will block accounts without updated ID cards

Under the Law on Credit Institutions, Montenegrin banks are required to verify clients’ identities in line with anti-money laundering and counter-terrorism regulations. This means...
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Montenegro tightens business regulations with stricter rules for debtors and expanded role for payment institutions

Owners or co-owners holding more than 25% stakes in companies that are in bankruptcy or have blocked accounts due to debts will no longer...

Montenegro sees 21,100 companies with blocked accounts totaling 1.52 billion euros

At the end of August, 21,100 companies and entrepreneurs in Montenegro had blocked accounts, an increase of 0.38 percent from July, according to the...
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