March 14 (SeeNews) - The outstanding loans of Montenegro's banking sector increased to 2.94 billion euro ($3.32 billion) at the end of January, up 10.2% year-on-year, central bank data shows.
Loans to households rose by 12.1% year-on-year to 1.26 billion euro as at end-January, while loans to privately owned companies grew by 7.7% to 1.008 billion euro, according to figures posted on the website of Montenegro's central bank, CBCG.
The total value of impairment of loans increased to 143.7 million euro at the end of January, from 138.4 million euro a year earlier.
Deposits with Montenegrin banks increased 5.6% year-on-year to 3.417 billion euro at end-January. The deposits of households grew by 4.7% to 1.286 billion euro
The outstanding loans of Montenegro's banking sector totaled 2.93 billion euro at the end of 2018, up 8.5% year-on-year.
($ = 0.884787 euro)