Governor of the Central Bank of Montenegro, Mr Radoje Žugić, and CEOs of commercial banks announced yesterday the celebration of the World Savings Day by signing the Agreement on the Saving Week.
Under the slogan “First step towards safe future”, joint action of the signatories to this document encompasses granting savings booklets to children to be born between 31 October and 6 November. As representatives of the CB said, parents of the newborns who open savings booklet in some of the Montenegro’s commercial banks, will be given €200 by the central institution of monetary system and the same amount by the bank.
“Children born in this period will receive the first savings booklet with total amount of €400”, said the representatives of the CB.
Governor thanked the representatives of banks for taking part in the campaign.
“I expect this action to contribute to relieving negative demographic trends in our country, promoting the importance of savings and its impacts on the economic growth”, said Mr Žugić.
According to him, there is, without doubt, a “monetary policy favoring low, even negative interest rates”.
“Interest rates in Montenegro aren’t strong, but savings activities are on the rise, which is a sign of trust in the banking system and higher degree of financial stability”, said Mr Žugić and added that baking sector had considerably improved in key parameters.
Commenting on the measures adopted by the CB Council, Mr Žugić said that they had an impact on the level of sustainability of the banking sector.
