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Montenegro

ZUGIC ABOUT ATLAS AND IBM BANKS 15. 01. 2019.   >>  16:34 0

ZUGIC ABOUT ATLAS AND IBM BANKS

CBCG reacted timely

Regarding the cases of Atlas Bank and the IBM, the Central Bank of Montenegro implemented all the measures in the right way and at the right time, said its governor Radoje Zugic.

At the session of the Parliamentary Committee on Economy Zugic said that it was difficult to place Atlas Bank under interim administration and introduce bankruptcy of IBM, but that the most important thing is that financial stability is preserved, the CDM portal reports.

"In the previous period, in a mild form, we warned of the vulnerability of three banks, and in December we put Atlas Bank and the BM under interim administration. The IBM's parameters were deteriorating, so the bankruptcy has been introduced, while Atlas Bank has a chance to recover. The measures are tough, but we have preserved financial stability. Other banks are stable, " Zugic said at the beginning of a consultative hearing.

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