The average weighted effective interest rate on total approved loans, which includes all related costs, fell by 0.03 percentage points in June to 6.31%, according to data from the Central Bank of Montenegro (CBCG).
The average weighted nominal interest rate on total approved loans also dropped by 0.03 percentage points to 5.78%.
For newly approved loans, interest rates increased in June: the effective rate rose by 0.12 percentage points to 5.97%, and the nominal rate by 0.04 percentage points to 5.44%.
In the microfinance sector, the effective interest rate on total approved loans fell by 0.07 percentage points to 20.73%, while the nominal rate decreased by 0.06 points to 18.64%. For newly approved microloans, the effective rate declined by 0.1 points to 20.78%, and the nominal rate by 0.11 points to 18.66%.
The average weighted effective interest rate on deposits was 0.27% in June, down 0.01 points from May.
The spread between active and passive interest rates stood at 6.04 percentage points in June, slightly lower than in May.
