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Press Releases 2011 - January

24.01.2011 - Improved Cooperation between the Central Bank of Montenegro and the Bank of Slovenia

13.01.2011 - The CBM and the World Bank emphasized positive movements in the banking system


CENTRAL BANK OF MONTENEGRO
Podgorica, 24 January 2011

Improved Cooperation between the Central Bank of Montenegro and the Bank of Slovenia

The Governor of the Central Bank of Montenegro, Mr. Radoje Žugić, paid the official visit to the Bank of Slovenia and talked to his counterpart, Mr. Marko Kranjec.

The Governors expressed their mutual satisfaction with regard to the high level of cooperation and understanding between the two institutions. Žugić and Kranjec agreed the continuation of common activities through the creation of a plan of technical cooperation between the Central Bank of Montenegro and the Bank of Slovenia. The Governor Radoje Žugić invited the Slovenian colleague to visit the Central Bank of Montenegro in order to arrange the formalization of this cooperation by signing the official agreement.

The official cooperation between the Central Bank of Montenegro and the Bank of Slovenia was initiated in 2003 with the signing of the Memorandum of Cooperation in Banking Supervision. At the initiative of the Slovenian Governor Kranjec, the cooperation was deepened in September 2009 through an intensified bilateral technical cooperation within the programme of bilateral cooperation of the Bank of Slovenia and central banks in South East Europe.


CENTRAL BANK OF MONTENEGRO
Podgorica, 13 January 2011

The CBM and the World Bank emphasized positive movements in the banking system

The Governor of the Central Bank of Montenegro, Mr. Radoje Žugić, and his associates met with the Country Director and the Coordinator of the World Bank for the South-Eastern Europe, Mrs. Jane Armitage and the Head of the World Bank Montenegro Office, Mr. Jan-Peter Olters today in Podgorica.

Mrs. Armitage has introduced the Governor with the new four-year Country Partnership Strategy for the World Bank support to Montenegro. Albeit already present areas – agriculture, health and other areas, the new strategy focuses on university education and science, as well as rehabilitation of problematic ecological areas. The World Bank’s new strategy for Montenegro has foreseen credit support amounting to USD 215 million, including the budget support loan for reforms in strengthening the financial sector.

The Governor discussed with the representatives of the World Bank on the conclusions of the World Bank Team for the Financial Sector Development Policy Loan that visited Montenegro at the beginning of December 2010. He also informed them on the activities regarding the financial sector legislation and the intention on passing significant number of secondary legislation acts in 2011, as well as on implementation of supervisory strategies. The CBM and the World Bank pointed out positive movements in the banking sector development, particularly regarding systemically important banks.

Both institutions expressed their mutual satisfaction with regard to the cooperation.

 

 

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