Tag: development bank

Investment and Development Fund reports successful year and transition to Development Bank

The Investment and Development Fund of Montenegro (IRF) had a successful year in 2024, posting a pre-tax profit of at least €9.5 million, according...

Montenegro Government approves statute for Development Bank: New framework and capital plans

The Government has adopted the proposed statute for the Development Bank, which outlines the organization, operational framework and other important matters related to the...

Montenegro establishes Development Bank to support economic growth

The government, during a telephone session, made a decision to establish the Development Bank of Montenegro. The decision states that the Development Bank will...

President raises concerns over Development Bank Law

President of Montenegro, Jakov Milatović, has signed the Law on the Development Bank, which the Assembly adopted after being sent back for reconsideration. However,...
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Establishment of Development Bank: Opportunities and challenges

The Development Bank represents a significant opportunity for the Montenegrin economy, and the law establishing it is aligned with EU legal frameworks, as noted...

Bankers unconcerned about establishment of Development Bank

General Secretary of the Banking Association of Montenegro (UBCG), Bratislav Pejaković, has stated that there is no fear among bankers regarding the establishment of...
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