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.
|
Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more
Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more
Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more