September 17 (SeeNews) - The credit portfolio of Montenegro's commercial banks rose to 1.598 billion euro ($2.216 billion) at the end of July, up by 174.7% from a year earlier, the country's central bank, CBCG, said on Monday.
Deposits with Montenegrin banks totalled 1.702 billion euro at the end of July, up 142% from a year earlier, the CBCG said in a monthly bulletin.
The Montenegrin banks' loan portfolio totalled 1.502 billion euro at the end of June, while deposits amounted to 1.581 billion euro.
End-month details follow (in millions of euro):
|
|
JULY'07 |
DEC'06 |
JULY'06 |
| CREDIT PORTFOLIO |
1,598.0 |
847.2 |
581.8 |
| -to non-financial institutions |
945.8 |
484.7 |
349.6 |
| -to households |
577.9 |
311.2 |
192.6 |
| -to the government |
46.3 |
42.9 |
35.2 |
| -to financial institutions |
22.2 |
6.5 |
3.3 |
| DEPOSIT PORTFOLIO |
1,701.8 |
1,075.8 |
703.2 |
| -of non-financial institutions |
543.6 |
372 |
248.5 |
| -of households |
864.2 |
499.4 |
283.5 |
| -of the government |
156.8 |
113.5 |
98.3 |
| -of financial institutions |
106.5 |
75.1 |
59.8 |
| Montenegrin banks' total assets |
2,290.5 |
1,431.4 |
953.4 |
Montenegro's largest bank by assets is Crnogorska Komercijalna Banka (CKB), owned by Hungary's OTP Bank. Its assets stood at 756.5 million euro at the end of June.
There were 10 banks active in Montenegro in the first six months of the year.
($ = 0.7208 euro)