Congratulations to TPA Serbia & TPA Montenegro for being on board with the Asset Quality Reviews of all 13 banks present on the Montenegrin market. Our experts, led by James Thornley and Nemanja Šljivar, conducted as external auditors the independent AQR of four Montenegrin banks from March 2020 to September 2021. This period was marked by challenges caused by the coronavirus pandemic, measures taken to combat the adverse consequences for Montenegro’s population and economy, and the merger of CKB Banka and Podgorička Banka, the most extensive integration of banks in the Montenegrin market at the same time.
The AQR exercise results confirmed the stability of Montenegro’s banking sector, satisfying quality of assets and capital adequacy of the local banking system.
The AQR exercise has been conducted in Europe since 2014 as the first component of so-called comprehensive assessments aimed at ensuring that banks are adequately capitalised and able to withstand macroeconomic and financial shocks. In addition, the AQR examines the banks’ general readiness, the quality of relevant documentation, infrastructure, and various functions in the bank.
Find out more at the CBCG press release: https://www.cbcg.me/en/public-relations/news/press-releases/media-release-on-conducted-aqr-in-montenegro?id=1932
