The Deposit Protection Fund is an institution specialized for deposit insurance and established in line with the Deposit Protection Law.

The Fund is governed by the three-member Managing Board appointed by the Central Bank of Montenegro whereby one member is nominated by the Ministry in charge of financial affairs and one member is nominated by the Association of Montenegrin Banks and Financial Institutions. The Chairman of the Managing Board is designated in the decision on the appointment of the Managing Board members.

The Managing Board is authorized, inter alia, to decide on the conditions, manner and procedure of the guaranteed deposits payout, as well as to establish the Fund’s investment policy that will ensure the Fund’s soundness and liquidity.
 
The Fund is managed by the Director General. Powers and responsibilities of the Director General are defined in the Deposit Protection Law and the Fund’s By-law.

The Deposit Protection Fund’s registered office is in Podgorica, Miljana Vukova bb Street.

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