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Montenegrin Banks' End-Sept Credit Portfolio Falls 9.85% Y/Y - Table

Nov 30, 2009, 2:31:12 PMArticle by Vera Borisova
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November 30 (SeeNews) - The credit portfolio of Montenegro’s commercial banks fell by an annual 9.85% to 2.57 billion euro ($3.87 billion) at the end of September, the country’s central bank, CBCG, said.

Montenegrin Banks' End-Sept Credit Portfolio Falls 9.85% Y/Y - Table

Deposits with Montenegrin banks totalled 1.9 billion euro at the end of September, down by 18.3% year-on-year.

At the end of August, Montenegrin banks’ loan portfolio totalled 2.57 billion euro, while deposits amounted to 1.73 billion euro.

End-month details follow (in millions of euro):

Sept'09 Sept'08 End-2008
CREDIT PORTFOLIO 2,571 2,852 2,798
-to non-financial institutions 1,541.7 1,727.5 1.693.3
-to households 950 1,049.4 1,038
-of the government 53.5 39.2 30.2
-to financial institutions 11.6 26.3 24.1
DEPOSIT PORTFOLIO 1,900 2,326 1,991
-of non-financial institutions 735.9 758.5 701.8
-of households 769.9 1,114 856.4
-of the government 172.1 220.5 192.6
-of financial institutions 187.3 179.1 193.6
TOTAL ASSETS 3,224 3,510 3,310

Montenegro's biggest bank by assets is Crnogorska Komercijalna Banka (CKB), owned by Hungary's OTP Bank.

($= 0.6645 euro)

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