Press release from the meeting of the Governor of the Central Bank of Montenegro Radoje Žugić with the management of Addiko Bank AD Podgorica
09/02/2017
The Governor of the Central Bank of Montenegro, Mr. Radoje Žugić held the meeting with Mr. Christopher Schoen, Chief Executive Officer and Mr. Marko Popović, new Executive Director for risk management operations and business support activities in Addiko Bank AD Podgorica.
Governor Žugić expressed support to the operations of Addiko Bank AD Podgorica and stressed the importance of this Bank in the banking system of Montenegro. The activities the CBCG undertakes with a view to eliminating the key vulnerabilities of the banking system in Montenegro, especially in the part referring to continued lowering of non-performing loans in Montenegro were presented at the meeting.
Representatives of Addiko Bank AD Podgorica informed the Governor about the Bank's operations and the restrictive policy which the Bank pursues to address the issue of risk management.
The meeting was concluded with the agreement to continue joint activities on reducing the level of non-performing loans in the upcoming period, and thus strengthen the banking system, increase financial stability and contribute to the economic development of Montenegro through the credit support.
It was pointed out that the good cooperation between the CBCG and Addiko Bank AD Podgorica will continue in the future.