Babies born in “Savings Week” receive a gift of 800 euros
The CBCG Governor Radoje Žugić and the presidents of management boards of commercial banks signed the Agreement on implementing the “Savings Week” campaign. The campaign is being implemented for the twentieth consecutive time to celebrate World Savings Day on 31 October under the slogan “The First Step to a Secure Future”.
On the occasion of implementing the jubilee 20th campaign, the amount of savings that babies born from 31 October to 6 November 2023 will receive as a gift has been doubled and amounts to 800 euros. The CBCG gives away 400 euros each, and the commercial bank where parents open a savings account, another 400 euros. A total of 800 euros will be deposited into the child's savings account for one year, after which the parents can withdraw the money or continue saving.
So far, 2,516 babies have received their first savings account, for which the CBCG and the commercial banks allocated 469,000 euros each.
At the ceremonial signing of the Agreement, the CBCG Governor Radoje Žugić expressed his satisfaction that all commercial banks accepted the CBCG’s initiative to double the amount of the first savings on the occasion of the twentieth “Savings Week”.
“In this longest-lasting socially responsible campaign in Montenegro, the CBCG and commercial banks allocated almost a million euros for the first savings of babies born during the Savings Week”, said Žugić. He emphasised that the campaign aims to promote savings and its positive implications but also contributes to reducing adverse demographic trends.
To exercise the right to the first savings, parents of children born during the “Savings Week” should open a savings account in a commercial bank by 31 March 2024 at the latest, along with the identity card of both parents and a birth certificate for the newborn child.
In addition to giving away the first savings, the CBCG also organises numerous educational activities as part of “Savings Week”. The first in the series is the exhibition Flora and Fauna on World Banknotes from the CBCG Money Museum collection, which opened yesterday in Cetinje. The campaign will continue with workshops in Montenegrin kindergartens and elementary schools on basic concepts about money, savings, banking and banking products. The CBCG published the second issue of its Financial Entertaining Magazine, an educational and entertaining magazine intended for the youngest and their parents, this time dedicated to recognising counterfeit money.