The Central Bank of Montenegro has introduced the judicial management in Jugobanka in Podgorica, as one of the ultimate measures for revitalisation of that institution, published "Vijesti". Ilija Culjkovic, economist and estimated banker, was appointed as the manager. The Central Bank passed the decision on blockage of work and decision on liquidation of the Bank for development in Podgorica. Perko Vojinovic was elected for the function of the liquidation management, who had so far been the financial director of Aluminium Complex in Podgorica. Creditors of the Bank for development should report their outstanding debts with proofs to liquidation manager within 30 days from the day the advertisement is published in the Official Gazette. The Central Bank stated that liquidation of the Bank for development represented the necessary measure in realization of the function of the Central bank.