In August, the average weighted effective interest rate on total approved loans, which includes all related costs, decreased by 0.01 percentage points to 6.28%, according to data from the Central Bank of Montenegro (CBCG).
The average nominal interest rate also fell slightly by 0.01 points to 5.75%.
For newly approved loans, effective rates declined by 0.1 points to 5.81%, while nominal rates fell by 0.04 points to 5.37%.
In the microcredit sector, effective rates on total loans dropped marginally to 20.73%, while nominal rates edged up to 18.67%. For newly issued microloans, both effective and nominal rates decreased to 20.82% and 18.79%, respectively.
The average effective interest rate on deposits rose slightly by 0.01 points to 0.27%, narrowing the interest rate spread to 6.01 percentage points compared to July.
