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08/03/2018

The Governor of the Central Bank of Montenegro, Mr Radoje Žugić, met today with the new President of the Board of Directors, Mr. Archibald Kremser, a member of the NLB d.d Management, and the CEO of the Bank, Mr Martin Leberle.

The topic of the meeting was the the NLB Bank operations of and its plans for the future. As Mr. Kremser stated, the NLB Group sees Montenegro as an important segment of the regional market. In this regard, the plans of the NLB bank are aimed at strengthening its position at the Montenegrin market through investing into technology improvement and modernisation of business processes within the bank which, as per Kremser’s announcement, will be implemented soon.

Governor Žugić commended the presented plan and pointed out that the operations of the NLB bank operates positively, adding that additional efforts should be made on further reduction of NPLs even though they declined significantly at the system level in the past.

The counterparts agreed that the safeguarding of financial system stability and soundness is the joint objective of the CBCG, as supervisor, and of all banks operating in Montenegro, and that the banks should be committed to supporting the economy, to adequately make use of vast potential available in Montenegro.