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Thursday, May 23, 2024
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Montenegro, Banks approved loans totaling 3.65 billion EUR

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By the end of August, banks approved loans totaling EUR 3.65 billion, which is a growth of 2.25 percent on a monthly basis.

According to data from the Central Bank (CBCG), by the end of August, compared to the same period last year, 3.38 percent more loans were approved.

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The ratio between loans and deposits at the end of August was lower than in the same period last year and amounted to 0.75.

On the basis of loans, banks claimed the most from the non-financial sector and the population, 76.19 percent.

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Total deposits in August increased by 5.05 percent compared to July to EUR 4.84 billion. Time deposits accounted for 17.57 percent of the total, and demand deposits for 78.53 percent. The remaining 3.9 percent related to the funds in the escrow account.

In the structure of term deposits, the largest share was those with maturities from three months to one year, 44.35 percent, while those from one to three years accounted for 37.27 percent.

Total household deposits at the end of August amounted to EUR 1.59 billion, which is 1.98 percent more than in July.

In the term structure of household deposits, term deposits accounted for 26.27 percent, and demand deposits accounted for 73.69 percent, local media reports.

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