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%. |
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