Financial Times FT.com

Banking: State stake hangs over managers

By Eric Jansson

Published: July 11 2005 15:51 | Last updated: July 11 2005 15:51

Visitors to the office of Mladen Rabrenovic, general manager of Montenegro’s Podgoricka Bank, cannot miss the giant Japanese fir in the corner.

The enormous tree’s branches hover over part of the manager’s desk, and now that the stem has reached the ceiling it bends awkwardly at the top.

Montenegro

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