In June, the average weighted effective interest rate on total approved loans in Montenegro held steady at 6.61%, according to the Central Bank of Montenegro (CBCG).
The average weighted nominal interest rate saw a slight decrease of 0.01 percentage points, reaching 6.12%, as detailed in the CBCG Bulletin. For new loans to individuals, the effective interest rate in June was 7.93%, and the nominal rate was 7.21%. This represents a reduction of 0.86 percentage points and 0.68 percentage points, respectively, compared to the previous quarter. This decrease corresponds with the promotional loan offers initiated by the CBCG.
Interest rates for microfinance institutions (MFI) on total approved loans increased by 0.06 percentage points in June, with the effective rate at 21.62% and the nominal rate at 19.25%.
For new MFI loans, interest rates also rose in June. The effective rate climbed by 0.25 percentage points to 23.21%, while the nominal rate increased by 4.23 percentage points to 20.61%.
The average weighted effective interest rate on deposits rose by 0.02 percentage points to 0.25% in June.
The gap between active and passive interest rates in June was 6.36 percentage points, reflecting a decrease from May.
