Governor Žugić met with the management of NLB Banka AD Podgorica
13/12/2016
The Governor of the Central Bank, Mr. Radoje Žugić, met today with Mr. Andreas Burkhardt, President of the Board of Directors of the NLB Banka AD Podgorica and a member of the Management Board of the NLB d.d. from Slovenia, and Mr. Martin Leberle Chief Executive Officer of the NLB Banka AD Podgorica. Current situation and trends in the financial and banking sector in Montenegro and the role of NLB in it were the main issues discussed at the meeting.
The Governor underlined the significance and individual contribution of each bank in creating a stable and sound banking system, particularly in regards to banks which develop and implement sound banking practice, introduce innovations to the market, improve competition and enhance efficiency in mediation. Such business support to the economy is among key prerequisites for a sound and sustainable recovery of entities that would result in a more vigorous economic recovery, reduction of risks and increase of stability in financial, fiscal and consequently, the entire economic system.
The Governor introduced the representatives of the NLB Banka to the current CBCG policy, necessary changes to the regulatory framework and the priorities of the set objectives, appreciating the importance of adequate risk management, recovery of clients, the significance of regulation strengthening and the cooperation of regulatory authorities and commercial banks in Montenegro. Representatives of NLB Banka management informed the Governor of the announced changes in the bank’s strategy and operational measures for their implementation. Bank’s development directions in the Montenegrin market are aimed at the clients’ recovery and service, reduction of non-performing loans, strengthening the bank’s position in the market, and increase of the bank’s efficiency in business.
The Governor of the Central bank concluded the t the focus on the “sound” client is of interest not only to the regulatory authority and the bank, but has larger scale significance in the recovery and development of Montenegro’s economic system.