The integration of NLB and Komercijalna banka to be conducted following the best practice


The Governor of the Central Bank of Montenegro (CBCG), Mr Radoje Žugić, met with the NLB Banka AD Podgorica management, the Chief Executive Officer, Mr Martin Leberle, and the Executive Director, Mr Dino Redžepagić.

At the meeting, they discussed the NLB Bank’s operations and the NLB Group’s strong commitment to the Montenegrin market and its ambition to maintain its position and intense lending activity in Montenegro. They also discussed the Bank’s future prospects and plans for the coming period. In that context, the interlocutors referred to the excellent cooperation and support provided by the CBCG to NLB Bank in integrating with Komercijalna banka AD Podgorica, which is expected to be completed in record time and following the best practices concerning employees and clients.

During the discussions, both sides reaffirmed strong, open and professional cooperation despite the challenging economic circumstances caused by the pandemic. They concluded that the banking system was stable, liquid and supportive of overall spending and a weakened economy.

The interlocutors agreed to continue with open and constructive discussions in the following period.