Tag: interest rates

Montenegro’s banking sector: Rising loans, decreasing interest rates and record profits

The average loan amount per capita stands at €3,292, which is €500 higher than in January of last year. Loans to legal entities have...

Montenegro passes Consumer Credit Law to cap interest rates and protect borrowers

The Assembly passed the Consumer Credit Law, which eliminates processing and early repayment fees for housing loans and introduces a maximum allowable effective interest...

Interest rates on loans in Montenegro decrease in November deposit rates slightly rise

The average weighted effective interest rate on total approved loans, which includes all associated costs, decreased by 0.02 percentage points in November, reaching 6.55%,...

Interest rates on loans and deposits in Montenegro: October trends and changes

In October, the average weighted effective interest rate on total approved loans, which includes all associated costs, decreased by 0.02 percentage points, amounting to...
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Governor of the Central Bank of Montenegro announces extension of interest rate reduction for citizens

The Governor of the Central Bank of Montenegro (CBCG), Irena Radović, stated that she expects the initiative to lower interest rates for citizens to...

Erste Bank reduces interest rates on personal, refinancing and home loans, expands loan limits

Erste Bank has further reduced interest rates on new personal loans and refinancing loans, as well as on home loans, for applications submitted until...
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