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10/11/2017

The Governor of the Central Bank of Montenegro, Mr Radoje Žugić, PhD, met today with the Chief Executive Officer of the Societe Generale Group for Europe, Mr Gianluca Soma and representatives of the management of Societe Generale Bank Montenegro, Mr Miroslav Hiršl, Chief Executive Officer, and Mr Milorad Katnić, Chairman of the Board of Directors.

The mutual satisfaction with the operations of SGM Bank, which is one of the leading financial institutions in Montenegro was expressed at the meeting today. In addition to taking the first position in the domestic banking system, observed as per market share in total loans, the SGM Bank recorded positive trends with other business indicators.

Mr Soma showed appreciation to the CBCG for its support and partnership, and stressed that Montenegro recorded impressive results in economy, while the situation in the financial sector is improving from year to year, strengthening the financial and overall stability of the country.
 
Governor Žugić expressed his contentment with results achieved by the SGM, in particular with the fact that this bank has made a significant contribution to the real sector in Montenegro by implementing a sound banking practice.

It was also agreed that the future activities should be necessarily aimed at reducing the share of non-performing loans at the system level, to which the SGM Bank will give its full contribution, according to its representatives.