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NewsDeposits in banks in Montenegro amounted to EUR 5.07 billion

Deposits in banks in Montenegro amounted to EUR 5.07 billion

At the end of November, deposits in banks in Montenegro amounted to 5.07 billion, which is 890 million more than in the same month a year earlier.

In the end, in the same month last year, total approved loans were worth 3.68 billion and were 210 million more than the year before.

At the end of November, total deposits in banks were EUR 1.4 billion higher than total approved loans.

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Total deposits are significantly higher than the net public debt of the state, which amounts to about 3.85 billion. The total gross domestic product (GDP) at the end of 2022 is estimated at EUR 5.7 billion.

Domestic citizens held EUR 1.63 billion in banks at the end of November, which is about EUR 260 million more than a year ago.

Deposits of domestic private and state companies amounted to EUR 1.72 billion and increased by EUR 460 million for the year.

At the end of November, foreign citizens as natural persons had EUR 746 million in banks in Montenegro, which is EUR 80 million more than in the same month of 2021.

Foreign companies and other legal entities increased their deposits by around 60 million to 542 million EUR in the last 12 months.

The public sector had EUR 297 million in banks at the end of November, which is ten million more.

At the end of November, depositories and other financial institutions had deposits of EUR 62 million, i.e. EUR 17 million more than in the same month a year earlier, local media wrote.

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