Montenegro's banking system remains resilient

Euro currency. Montenegro's banking system remains resilient

The liquidity ratios of the banking system of Montenegro as a whole at the current and ten-year levels were above the established minimum.

According to data from the Central Bank (CBCG), the average liquid assets of banks in August amounted to about one billion euros, which is 7,8 percent more than in July.

Average liquid assets in August were 9,4 percent lower compared to the same period last year.

The foreign exchange balance of banks at the end of August amounted to 4,62 billion euros and increased by 0,9 percent compared to the previous month.

In the structure of banks' assets in August, the overwhelming share of 70 percent accounted for total loans, followed by cash and deposit accounts with central banks at 17,6 percent, securities at 2,4 percent, and XNUMX percent accounted for the remaining elements of assets. ...

The aggregate capital of banks at the end of August was 622,4 million euros and showed an increase of 1,4 percent on a monthly basis, while it grew by 5,1 percent on an annualized basis.

Source.

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