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03/11/2017

The Governor of the Central Bank of Montenegro, Mr Radoje Žugić, PhD, met today with the members of the Management Board at Addiko Bank AG Vienna, Mr Martin Thomas and Mr Johannes Proksch, the latter being also the chairman of the Management Board at Addiko Bank AD Podgorica.

The interlocutors exchanged views on the current situation and trends that characterize the banking sector in Montenegro.

In the introductory address, the guests presented to Governor Žugić the ongoing activities of Addiko Bank and the plans of this company, aimed at further strengthening of the market position and additional increase in the efficiency of operations.

Governor Žugić pointed out that the CBCG is open to continuous and intensive communication with all banks operating in our market, in order to implement sound banking practice and efficient and successful operations, which will contribute to the recognition of common interests, especially in the area of further strengthening of the banking system and financial stability preservation. The Governor also referred to certain shortcomings of internal procedures identified in this bank in the previous period, pointing out that it is necessary to work on minimizing or eliminating these risks in the operations of the bank.

The interlocutors concluded that the Addiko Bank met the prescribed parameters and mutually concluded that further improvements should be focused on in the upcoming period, so that the banking sector, through its more active role and providing support to the economy, will contribute to the putting into practice the economic policy of the Government of Montenegro, that is, making economic growth more dynamic.