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Montenegrin Banks' End-July Credit Portfolio Falls 6.48% Y/Y - Table

Sep 18, 2009, 12:43:19 PMArticle by Vera Borisova
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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.

Montenegrin Banks' End-July Credit Portfolio Falls 6.48% Y/Y - Table

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)

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