---

21/02/2019

With regard to the media interest in the recapitalization process of Atlas Bank AD Podgorica, the Central Bank of Montenegro issues the following 

MEDIA STATEMENT

To date, none of the existing shareholders of Atlas bank in the interim administration has made pre-emptive subscription and payment of shares in the amount proportionate to their holdings for which a deadline of 30 days was given, in line with the Public Call. According to the conditions indicated the Public Call, the existing shareholders may make a payment of the total amount of issued shares within the next 5 days (until Monday, 25 February 2019).

If this does not happen, the interim administrator is obliged to pass a new decision on the issue of shares of the bank for the purpose of their sale to persons other than the existing bank shareholders, as specified in Article 126a paragraph 5 of the Banking Law.