Montenegro's bank assets decline by 2.3% y/y in July to 83.2% of GDP.

By bne IntelliNews August 22, 2012
Total bank assets declined by 2.3% y/y to EUR 2.83bn in July 2012 on the back of 4.2% annual drop in gross loans, central bank data showed. Loan loss provisions continued falling and in July they shrank by 6.5% on the year to EUR 121.1mn. On a monthly basis, the assets of the Montenegrin banks went up by 1.8% after increasing by 0.3% in the previous month. In our calculations, the gross loans-to-deposits ratio dropped to 101.7% in July from 106.2% in June and 107.9% in May. Total bank assets accounted for 83.2% of the projected GDP for the full-year in July 2012, compared to 88.6% of GDP a year ago.
Total assets of commercial banks, EUR mn, eop Dec-10 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12
Total assets 2943.7 2821.5 2773.7 2780.1 2756.5 2780.4 2772.9 2782.3 2832
growth, y/y, %, rhs -2.7 -4.1 -5.9 -5.6 -5.1 -4.4 -5 -3.7 -2.3
growth, m/m, % -0.8 -1.3 -1.7 0.2 -0.8 0.9 -0.3 0.3 1.8
growth, q/q, % -2.7 -4.1 -5.8 -5.6 -6.4 -5.5 -5.8 -5.5 -3.8
Source: CBCG; IntelliNews calculations

Montenegro's bank assets decline by 2.3% y/y in July to 83.2% of GDP.

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