Montenegro’s banking sector sees growth in capital and assets in November
, NewsAs of the end of November, the liquidity assets of banks amounted to €1.49 billion, which is a decrease of 1.15% compared to October.
Compared to the same month last year, liquidity assets were down by 11.95%.
Liquidity ratios for the banking system as a whole remained above the prescribed minimums on both a daily and decadal basis.
The balance sheet total of banks at the end of November was €7.1 billion, reflecting a 1.36% increase compared to October and a 5.45% rise year-over-year.
In the structure of bank assets, net loans held a dominant share of 63.75%, followed by securities at 18.81%, and cash and deposit accounts at central banks with 14.29%. The remaining 3.15% was attributed to other asset items.
In the structure of liabilities, deposits accounted for the largest share at 81.02%, followed by capital at 12.89%, borrowings at 2.79%, and other items at 3.3% of total liabilities.
The total capital of banks at the end of November amounted to €914.35 million, showing a monthly increase of 1.33% and a yearly growth of 12.05%.
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