September 18 (SeeNews) - The credit portfolio of Montenegro’s commercial banks fell by an annual 6.48% to 2.61 billion euro ($3.83 billion) at the end of July, the country’s central bank, CBCG, said.
Deposits with Montenegrin banks totalled 1.733 billion euro at the end of July, down by 24% year-on-year.
At the end of June, Montenegrin banks’ loan portfolio totalled 2.63 billion euro, while deposits amounted to 1.76 billion euro.
End-month details follow (in millions of euro):
|
|
July'09 |
July'08 |
End-2008 |
| CREDIT PORTFOLIO |
2,613 |
2,794 |
2,798 |
| -to non-financial institutions |
1,568.7 |
1,703.5 |
1,693.3 |
| -to households |
967 |
1,019 |
1,038 |
| -to the government |
50.7 |
39.2 |
30.2 |
| -to financial institutions |
13.6 |
23.5 |
24.1 |
| DEPOSIT PORTFOLIO |
1,733 |
2,281 |
1,991 |
| -of non-financial institutions |
563.2 |
779.4 |
701.8 |
| -of households |
763.9 |
1,111 |
856.4 |
| -of the government |
157.2 |
217.2 |
192.6 |
| -of financial institutions |
212.4 |
132.4 |
193.6 |
| Montenegrin banks' total assets |
3,101 |
3,433 |
3,310 |
Montenegro's biggest bank by assets is Crnogorska Komercijalna Banka (CKB), owned by Hungary's OTP Bank.
($= 0.681 euro)
Crnogorska Komercijalna Banka A.D. is among the biggest banks in SEE, for more reference take a look at
Top 100 banks