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After collapse of Knežević’s banks, deposits are on the rise

Since the end of last year, when Central Bank of Montenegro started activities aimed at settling the IBM and Atlas bank issue, deposits have increased by over €300 million, said the governor, Mr Radoje Žugić.

Mr Žugić met today CEO of Belgian-Dutch constituency at the IMF, Mr Anthony de Lannoy, who is in his official visit to Montenegro.

Mr Žugić acquainted Mr De Lannoy with basic macroeconomic indicators and state of affairs in the financial sector, as well as with plans and activities of the CB aimed at consolidating finances in Montenegro.

Governor pointed out that our economy had been recording continuous growth. This year, another high growth rate is expected, primarily thanks to tourism, energy sector and construction.

“Now that we have settled the issue of vulnerable banks, situation in banking sector is more stable”, pointed out Mr Žugić.

Assets in banks, totalling  €4,5 billion, represents a historical maximum. Liquid assets reached €1,1 billion.

“Stability of banking sector is confirmed by high solvency coefficient (19,51%). CB has carried out necessary activities in a professional way”, said Mr Žugić .

 

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