1. Banking Sector in Montenegro Mr. Mirko Radonjić, General Secretary Association of Montenegrin Banks 1

2. Association of Montenegrin Banks AMB was established on 7 December 2000 Since 12 July 2004, member of the Inter Balkan Forum of Banking Associations Since 29 September 2006, associated member of the EBF Represents the interests of all banks with domestic and international institutions 2

3. Association of Montenegrin Banks AMB organizes seminars and training of bank staff through collaboration with CBM, ATTF, ABF, Price- Watter House, the World Bank, USAID, etc. It has published the Journal Banker since 2008 AMC includes 12 Technical Committees and one Commission: 3

4. Association of Montenegrin Banks Committee on Compliance Committee on the Prevention of Money Laundering and Financing Terrorism Committee on Internal Audit and Control Committee on Payments Committee on Public Affairs Committee on the Monetary and Credit Policy Committee on Legal Issues 4

5. Association of Montenegrin Banks Committee on Accounting Committee on Foreign Transactions Committee on Card Business (the Committee includes the Commission to prevent abuse of credit cards) Committee on Banking Standards Committee on Security and Protection 5

6. Association of Montenegrin Banks 14 banks operate in Montenegro and all are members of the Association 6

7. Association of Montenegrin Banks 7

8. Banking Data Indicator31 December 201331 December 2014Trend Number of Banks1112129,1% Number of Branch Banks 96982,1% Number of ATM361359-0,6% Number of POS Terminals 11.11112.78415,1% Number of Employees 2.3032.3793,3% Total Number of Credit Cards 49.28948.864-0,9% Total foreign direct investment (in mil eur) 479.1498.13,9% 8

9. Association of Montenegrin Banks (in Mil. Eur) Indicator31 December 201331 December 2014Trend Total Assets2.9593.1366% Total Deposits2.0982.30810% Total Loans2.4142.367-1,9% Capital and Reserves 39844411,6% Total Profit/Loss2.023.81061% 9

10. Association of Montenegrin Banks Indicator31 December 201331 December 2014Trend GDP in million EUR3.3623.4582,8% GDP per capita5.4125.5612,8% Loans /GDP in %71,8%68,5%2,8% Public Debt (without Guarantees) in million EUR 1.894,42.022,26,7% Foreign Capital in Banks in % 83,5%81,9%-1,6 p.p. Domestic Capital in Banks in % 16,5%18,1%1,6 p.p. Capital Adequacy Ratio in % 14,44%16,18%1,74 p.p. 10

11. Association of Montenegrin Banks Indicator31 December 201331 December 2014Trend The weighted average effective interest rate on total loans in % 9,36%9,22%-0,14 p.p. The weighted average liabilities at the effective interest rate on total depozit 2,54%1,86%-0,68% Share of liquid assets in total assets in % 19,99%22,23%2,24% NPL/ Total Loans Ratio in % 17,53%15,87%-1,66% Total commercial and industrial loans (in 000 EUR) 950.520917.931-3,4% 11