Lending rates on new loans in Montenegro fall in August.

By bne IntelliNews September 21, 2012
The average effective interest rate on newly extended loans in Montenegro edged down by 0.29pps m/m to 10.87% in August, the central bank reported. Interest rate on loans provided to households rose by 0.32pps m/m to 12.26%, while on corporate loans it went down 0.07pps m/m to 9.93%. When compared to Dec 2011, the dominating trend in lending rates was upward. Lending rates on new consumer loans went up 1.79pps to 12.60%. Lending rates for new mortgage loans, however, dropped by 1.32pps to 8.40% in August, while lending rate for purchase of vehicles loans declined by 1.29pps to 12.53%.

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