---

21/02/2018

The Governor of the Central Bank of Montenegro, Mr Radoje Žugić, met with the representatives of Addiko Bank - Mr Henning Giesecke, Member of the Supervisory Board of Addiko Bank AG Vienna, Mr. Johannes Proksch, member of the Management Board of Addiko Bank AG Vienna, who is also a Chairman of the Board of Directors Addiko Bank AD Podgorica, and Mr Christoph Schoen, Chief Executive Officer of Addiko Bank AD Podgorica.

Representatives of Addiko Bank AG Group, which operates through six banks and their branches in Croatia, Slovenia, Bosnia and Herzegovina, Serbia and Montenegro, pointed out that this financial institution achieved excellent results in key business segments during the last year, which created a good basis for further sustainable and profitable growth.

As pointed out by the members of the Management, the Group, in accordance with the new strategy, is focused on retail sector and the financing of the real sector, especially micro and small enterprises, as well as regional companies. Mr Schoen pointed out that Montenegro has a competence centre for the development of the micro-segment of the economy, with a view to exploiting synergy and ensuring greater cohesion and, ultimately, providing better customer service.

Governor Žugić expressed his satisfaction with the positive trends that characterised the business dealings of Addiko Bank in the previous year and pointed out that the CBCG will continue to improve communication and cooperation with this institution, with the aim of strengthening the security and stability of Montenegro's financial system as well as intensifying support to the economy, and thus contribute to a more dynamic of economic growth.