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NewsMontenegro's banking sector sees growth in assets and capital by November

Montenegro’s banking sector sees growth in assets and capital by November

As of the end of November, the liquidity assets of banks amounted to €1.49 billion, which is a decrease of 1.15% compared to October.

Compared to the same month last year, liquidity assets were down by 11.95%.

Liquidity ratios for the banking system as a whole remained above the prescribed minimums on both a daily and decadal basis.

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The balance sheet total of banks at the end of November was €7.1 billion, reflecting a 1.36% increase compared to October and a 5.45% rise year-over-year.

In the structure of bank assets, net loans held a dominant share of 63.75%, followed by securities at 18.81%, and cash and deposit accounts at central banks with 14.29%. The remaining 3.15% was attributed to other asset items.

In the structure of liabilities, deposits accounted for the largest share at 81.02%, followed by capital at 12.89%, borrowings at 2.79%, and other items at 3.3% of total liabilities.

The total capital of banks at the end of November amounted to €914.35 million, showing a monthly increase of 1.33% and a yearly growth of 12.05%.

Supported byMercosur Montenegro

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