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03/03/2011

A World Bank team led by Alexander Pankov, Senior Specialist for Private Sector Development, is currently visiting Montenegro to discuss with the Central Bank of Montenegro the current situation in the banking sector, including the details of supervisory strategies for large banks currently undergoing a process of restructuring.
 
In meetings with the Governor of the Central Bank, Radoje Žugić, and his associates, it was stated that certain steps forward have been made towards the consolidation and sustainability of the banking system, especially when it comes to systemically important banks.

The experts from the World Bank and Central Bank exchanged views on how to ensure that the regulatory and supervisory actions ultimately taken by the CBCG would be in line with international best practice and allow for a level playing field of all banks operating in Montenegro.