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10/04/2017

Governor of the Central Bank of Montenegro, Mr Radoje Žugić, PhD, with his associates met with Mr Pal Kovacs, Chief Executive Officer of Crnogorska Komercijalna Bank.

This was the first meeting between the newly appointed CBK Director and the CBCG Governor and at the same time the chance for the two to exchange views on the current situation and trends characterizing the banking sector in Montenegro.

Mr Kovacs presented his up-to-date professional biography to Governor Žugić. CKB has stable performance and its future plans, according to Mr Kovacs, are related to strengthening the position of this financial institution in the Montenegrin market.

With welcoming the CKB Director Mr Kovacs to Montenegro and wishing him a successful engagement, the Governor Žugić emphasized that CBCG is open for stable and intensive communication with all banks operating in our market, with the aim of reaching mutual interests, specifically in improving the banking system and maintaining financial stability.

The two concluded that CKB met the prescribed parameters and mutually agreed that in the upcoming period they should be focused to further improvements in order for the banking system to contribute to Government of Montenegro economic policy implementation, i.e. more dynamic economic growth through the active role and providing economic support.

More frequent communication and continuation of cooperation in reaching mutual interests was agreed at the meeting.