February 23 (SeeNews) - Montenegro's central bank said the ratio of non-performing loans (NPLs) to total loans in the country's banking system currently stands at 7.29%.
The nominal value of NPLs in Montenegro's banking system now is 21% lower than it was at the end of 2016, the central bank said in a statement on Thursday.
Last year, the financial stability was significantly improved, due to the growth of lending activities and deposits, the level of liquidity and solvency, and the "healthier" assets of banks and their adequate capitalisation, Montenegro's central bank governor Radoje Zugic said during a meeting with the visiting IMF mission led by Martin Petri.
The mission will stay in Montenegro until March 7 to collect current information on the state of the country's economy as part of the annual Article IV consultations with the authorities
The central bank said in December the share of non-performing loans in the banking system stood at 7.1% at the end of October.
($ =0.848953 euro)