Vojin Vlahović, a former adviser to the President of the Republic Milo Đukanović, was elected as the director of the Deposit Protection Fund (FZD). He formally took up that position at the beginning of October.
The current director of the FZD, Predragu Marković, who held that position since 2010, has reached the legal requirement for retirement, so the vacancy for a new director was announced on August 25 of this year.
The public was not officially informed about the personnel change in the Fund.
Vlahović was economic advisor to Đukanović in the period from 2003 to 2010, when Đukanović was in the position of Prime Minister, and in the period from 2015 to 2017, economic advisor to the Prime Minister of Montenegro and National Coordinator for regional projects. The government of Prime Minister Duško Marković was elected at the end of 2016.
In the biography of Vlahović, it is written that in the period from 2010 to 2015 he served as the extraordinary and plenipotentiary ambassador of Montenegro to the Republic of Italy, then from 2018 to 2021 he was the president of the Council of the Civil Aviation Agency. He was the President of the Board of Directors of Airports of Montenegro (ACG) from 2015 to 2017.
According to the Law on Deposit Protection, the Board of Directors (BoD) manages the Fund and appoints the director.
"The Board of Directors has five members. The members of the Management Board are appointed by the President of Montenegro, with one member appointed on the proposal of the state administration body responsible for financial affairs (Ministry of Finance), one on the proposal of the Central Bank (CBCG), one on the proposal of the Association of Banks of Montenegro (UBCG), one on the proposal of the Chamber of Commerce of Montenegro (PKCG) and one at the proposal of the President of Montenegro. A member of the Board of Directors is appointed for a period of four years and can be appointed twice", it is defined by law.
The president of the Fund's Management Board is Vesko Lekić, who was previously the director of the former Directorate for the Prevention of Money Laundering and Financing of Terrorism. The members of the Supervisory Board are Branislava Božović, Dejan Vujačić, Vlastimir Golubović, while Nebojša Đoković resigned from UBCG.
In an earlier period, Božović was the director of the Government Agency for Tobacco, and since January 2020 she is in the Directorate for Issuing Approvals for Production, Processing and Trade of Tobacco Products of the Ministry of Finance.
Đoković, who is now the president of the Board of Directors of ACG, as the "Vijesti" source explained, should be replaced by Darko Radunović, who was the Minister of Finance in Marković's government.
Vujačić represents the Central Bank of Serbia in the Board of Directors of the Fund, where he holds the position of director of the Bank Control Sector.
Golubović was the president of PKCG until recently, and he confirmed to "Vijesta" yesterday that he did not resign from the Fund's Board of Directors.
The Deposit Protection Act of 2003 established the FZD, a regulated system for the protection of deposits and operations of the Fund.
In 2019, the fund was faced with the payment of money based on guaranteed deposits due to the introduction of bankruptcy in Atlas and IBM Bank. According to the latest data from March of this year, it collected EUR 54,73 million from the bankruptcy estate of Atlas and IBM Bank, while it still claims about EUR 58 million. euros.
According to data from March, the Fund has about EUR 98,6 million in its budget, and it is expected that by the end of the year that figure will increase to EUR 120 million, which will be achieved by collecting the regular premium paid by the banks and additional collection from the bankruptcy estate of Atlas and IBM banks. which was estimated to be around 10 million.
The fund has at its disposal a loan of EUR 50 million from the European Bank for Reconstruction and Development. That money was approved in November last year, but was not withdrawn, because it was a "stand-by" arrangement.
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