Governor of the CBCG meets the representative of Addiko bank

05/06/2018

The Governor of the Central Bank of Montenegro, Mr Radoje Žugić, met today with the new Chief Executive Officer of the Addiko Bank AG Vienna, Razvan Munteanu and Chief Executive Officer of the Addiko bank AD Podgorica, Mr Christoph Schoen.

Representatives of the Addiko bank, which operates through six banks and their branches in Croatia, Slovenia, Bosnia and Herzegovina, Serbia and Montenegro, pointed out that the Montenegrin market, although least present in their portfolio, is very important for the Group, and that their plans are focused on further strengthening of the market position and further increase in the efficiency of operations. Mr Munteanu pointed out that this Bank is focused on retail business as well as on supporting the economy, especially micro and small companies.

Governor Žugić stated that the CBCG is satisfied with the positive trends that characterized the business of Addiko bank in the previous year, which created a solid basis for further growth and strengthening of this Bank. "We especially appreciate the support provided by the banking sector in Montenegro to the economy and, in this way, contributes to the valorization of our resources and the intensification of economic growth," said Žugić.

The interlocutors agreed on further improvement of cooperation and communication, with the aim of applying sound banking practice and efficient and successful business, which will contribute to the realization of common interests, especially in the area of further strengthening of the banking system and preservation of financial stability.