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05/09/2018

The Governor of the Central Bank of Montenegro, Mr Radoje Žugić, met today with the representatives of Lovćen banka AD, Mr Aleksandar Popović, Chairman of the Board of Directors, and Mr Vinko Nikić, Chief Executive Officer, as well as Susanne Decker, Vice President of DEG - German Investment and Development Corporation, which is a strategic partner of Lovćen banka.

Governor Žugić pointed out that the CBCG is interested in intensive communication with banks, as the mutual interests aimed at further strengthening of the banking system and preservation of financial stability are best achieved in this manner. 

"Lovćen banka is profitable, liquid and meets the prescribed parameters" the Governor said, adding that minor improvements were needed, primarily in the area of capital strengthening.

Ms Decker pointed out that DEG is satisfied with the growth and development of Lovćen banka and that it will continue to support its activities through the investment of additional capital and other activities aimed at strengthening the position of this bank in the local market. 

A continuation of intensive cooperation and dialogue on all important issues of the vision and strategy of Lovćen banka, as well as support to the planned activities within the CBCG competence were agreed.