EUR 3,07 billion in loans approved

By the end of January, banks approved loans totaling EUR 3,07 billion, which is a growth of 0,2 percent on a monthly basis.

According to data from the Central Bank (CBCG), by the end of January, compared to the same period last year, 4,3 percent more loans were approved.

"When Invest Bank Montenegro (IBM), which is not part of the statistics for January of this year, is excluded for comparability from the data for January of the previous year, approved loans increased by 10,1 percent on an annual basis," the Bulletin states.

The CBCG reminded that IBM has been excluded from monetary statistics since January last year, and Atlas Bank since April.

The ratio between loans and deposits at the end of January was higher than in the same period last year and amounted to 0,89.

On the basis of loans, banks claimed the most from the non-financial sector and the population, 79,6 percent.

In January, compared to December, total deposits fell by 0,7 percent and amounted to 3,45 billion euros.

Time deposits accounted for 28,3 percent of the total, and demand deposits for 71,4 percent. The remaining 0,3 percent was related to the funds in the escrow account.

In the structure of time deposits, the largest share was those with maturities of one to three years, 48,9 percent. Deposits with maturities of three months to one year accounted for 37,4 percent.

Total household deposits at the end of January amounted to 1,3 billion euros, which is 1,3 percent less than in December.

In the term structure of household deposits, term deposits accounted for 39,5 percent, and demand deposits for 60,5 percent.