The bank audit will contribute to the Central Bank of Montenegro implementing the highest international standards of transparency

, News

The key banking indicators are, thanks to the trust in the banking system, at a historical maximum, announced the Governor of the Central Bank (CBCG), Radoje Žugić, stating that deposits increased by more than EUR 1 billion last year.

At a meeting with the head of the regional office of the International Monetary Fund (IMF) for the Western Balkans, Stephanie Ebl, he said that the percentage of newly approved loans last year increased by 31.5 percent compared to 2021.

The meeting discussed the overall economic situation in Montenegro, with a special focus on the banking sector, as well as the upcoming revision of the code of transparency of the CBCG’s policies.

“Žugić informed Ebl about the activities undertaken by the CBCG in order to further strengthen the financial stability of the country, such as taking adequate measures aimed at mitigating the consequences of the unfavorable economic situation, encouraging banks to provide support to the domestic economy and strengthening supervisory capacities,” the announcement states.

Ebl welcomed the activities and initiative of the Central Bank of Montenegro for the implementation of the evaluation of the transparency of its policies, which will be carried out by the IMF during June.

The Interlocutors agreed that the audit will contribute to the CBCG implementing the highest international standards of transparency and strengthening the dialogue with the external public, including the highest state and international institutions, the media and the non-governmental sector.

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