| 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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