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12/12/2017

The Central Bank of Montenegro (CBCG) delegation headed by the Governor, Mr Radoje Žugić, met with the President of the Deutsche Bundesbank, Mr Jens Weidmann and his associates in Frankfurt.

One of the topics discussed was the economic situation in Germany and Montenegro. Governor Žugić pointed out that all parameters of the banking sector in Montenegro were improved in 2017 and emphasized the enhanced credit activity, as well as a very dynamic decline in the level of non-performing loans compared to other countries in the region.

President Weidmann referred to successful cooperation with the CBCG in a number of areas and suggested extending the bilateral cooperation program. Governor Žugić showed appreciation to President Weidmann for his support on behalf of the Deutsche Bundesbank, as well as for supporting Montenegro on the path to European integration.

Governor Žugić invited President Weidmann to visit Montenegro in the upcoming period.