The Central Bank of Montenegro (CBCG) Governor Irena Radovic met with representatives of regional banking group AiK Grupa to discuss the group’s plans in Montenegro after the CBCG granted approval for it to acquire a qualified shareholding in the share capital of Hipotekarna banka AD Podgorica. The Supervision Department attended, and discussions focused on priorities for banking sector stability and development and AiK Group’s strategic direction in the Montenegrin market. Radovic noted that the approval followed a comprehensive assessment against legal criteria and supervisory practices, and highlighted supervisory expectations around responsible corporate governance and transparency during ownership changes. She also emphasised risk management, digital transformation and the integration of ESG principles into the bank’s operations, and indicated an expectation that the new majority ownership structure will support competition, trust and efficiency in Montenegro’s banking sector. AiK Group stated it intends to operate in Montenegro on a long-term basis in line with regulatory and ethical standards, and outlined a long-term partnership and investment approach aimed at strengthening competition and improving service quality.

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