Governor Žugić Meets the CEO of CKB


The Governor of the Central Bank of Montenegro (CBCG), Radoje Žugić, met today with the CEO of Crnogorska Komercijalna Banka (CKB), Tamás Kamarási.

They discussed the recent assessments of international financial institutions, which confirmed that Montenegro’s banking system was stable, well-capitalised and highly liquid. Referring to the banking sector’s situation, Governor Žugić pointed out that, despite the COVID-19 pandemic, non-performing loans remained at almost the same level as before the crisis.

“The NPL growth of only 0.03% shows that the Montenegrin banking system has entered the covid crisis solid and stable. Ten packages of the CBCG measures adopted since the beginning of the pandemic have contributed significantly to maintaining stability. International financial institutions recognised this. They assessed that the CBCG contributed to a minor recession.”

On this occasion, Mr Kamarási expressed satisfaction with the continuous and quality cooperation between CKB and the CBCG. He also pointed out that the CBCG’s macroprudential measures were extremely helpful to the banking sector.

“The measures were transparent, successful and preserved the banking sector’s stability, mitigating the growing trend of the population’s over-indebtedness”, said Kamarási.

Governor Žugić pointed out that CKB was an essential part of the Montenegrin banking sector. He expects continued cooperation, primarily through adequate and timely implementation of the Law on Credit Institutions and the Law on Resolution of Credit Institutions which application starts in January 2022.