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NewsMontenegro, By the end of September, banks approved loans totaling EUR 3.67...

Montenegro, By the end of September, banks approved loans totaling EUR 3.67 billion

By the end of September, banks approved loans totaling EUR 3.67 billion, which is an increase of 0.56 percent on a monthly basis.

According to data from the Central Bank (CBCG), by the end of September, compared to the same period last year, 4.82 percent more loans were approved.

The ratio between loans and deposits at the end of September was lower than in the same period last year and amounted to 0.74.

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On the basis of loans, banks claimed the most from the non-financial sector and the population, 75.94 percent.

Total deposits in September increased by 2.52 percent to EUR 4.97 billion compared to August. Time deposits accounted for 17.74 percent of the total, and demand deposits for 78.22 percent. The remaining 4.04 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, 41.25 percent, while those from one to three years accounted for 36.67 percent.

Total household deposits at the end of September amounted to EUR 1.61 billion, which is 1.75 percent more than in August.

In the term structure of household deposits, term deposits accounted for 25.64 percent, and demand deposits for 74.33 percent, local media reports.

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