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22 March 2019 07:32 am
*CBCG – COUNCIL
Deposit and lending increase
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Podgorica, (MINA-BUSINESS) – Governor of the Central Bank (CBCG) Radoje Zugic has said that a growth of deposits and lending, combined with a steady decrease in interest rates and non-performing loans, confirm that Montenegrin banking sector is stable and that it has improved.
At a meeting of the CBCG Advisory Committee, comprised of reputable professors and former governors from the region and former CBCG Council members, he presented the banking sector indicators and key activities carried out in order to strengthen the supervision and improve the measures against money laundering and terrorism financing.
The CBCG says in a press release that the Committee meeting, which was attended by Ichak Adizes, a world renowned professor and founder and Director of the Adizes Institute from Santa Barbara, focused on the trends and challenges in the banking sector.
The Committee members discussed the challenges the financial sector was facing at the global level, and their impact on the banks operating in the region.
It was concluded that the banks faced the challenges related to the financial technology, which had brought many major changes.
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