Delegation of Slovenia NLB Bank on Bank Environment in Montenegro

By , 22 Feb 2019, 23:35 PM Business
Delegation of Slovenia NLB Bank on Bank Environment in Montenegro Copyrights: NLB Bank Slovenia Photo

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22 February 2019 - Montenegro has created an investment environment, and an increasing inflow of foreign direct investments and enlarged Capital budget make it a good environment for bank operations, said Prime Minister Duško Marković at a meeting with the delegation of NLB Bank, headed by Chairman of the NLB Board of Directors Archibald Kremser.

Prime Minister Marković underscored the excellent economic policy results in the past two years, reflecting in economic growth of about 4.5%, reducing the budget deficit, stabilising public finance, creating jobs and reducing unemployment by more than 5%.

"In the time to come, we will work on strong investment activity in tourism, agriculture, energy, and especially in the field of infrastructure development. I believe that the banks will also see their chance of development in this," PM Marković noted.

Both sides agreed that it is important for investors to have a good and predictable business environment, as well as a reliable legal system.

Mr Kremser stressed that his bank operated successfully last year and presented further development plans of the NLB Group for Montenegro.

The meeting was an opportunity to discuss outstanding issues.

During mid-December 2018, the Board of Directors of the Association of Montenegrin Banks, which consists of the directors of all banks in Montenegro, discussed the situation in the banking system in Montenegro during an official session.

The conclusion of the session of the Board of Directors was that the introduction of interim management in Atlas Bank and Invest Bank Montenegro (IBM) did not have a negative effect on the stability of the banking system, as no significant withdrawal of deposits was made.

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