Tag: Central bank of montenegro

Mandatory reserve of 290.4 million EUR

The mandatory reserve of banks at the end of January, according to data from the Central Bank (CBCG), amounted to 290.4 million EUR. Of the...

Payment transactions in January amounted to 1.39 billion EUR

The value of realized payment transactions for 21 working days in January amounted to 1.39 billion EUR, which is 50 percent less than in...

Citizens continue to take out housing loans, owing nearly 600 million euros

According to the latest available data from the Credit Registry of the Central Bank of Montenegro, as of December 31st, 2023, individuals were granted...

Interest rates are rising

Average effective interest rates on loans last year ranged from 5.82% to 7.34% per month, while for citizens they ranged from 7.54% to 8.71%,...
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Montenegro’s economy grew by 6% last year – Growth in bank capital, deposits, and loans also recorded

It is estimated that the real growth of Montenegro's economy in 2023 will amount to 6%, as assessed at the meeting of the Financial...

Card transactions amounted to over one billion euros last year

The trend of increasingly using cards instead of cash has long been popular worldwide, and according to data provided by the Central Bank (CBCG),...
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