According to the Central Bank of Montenegro, CBCG, in the beginning of March there was 79.4% of the last year’s, that is, 76.42% of this year’s estimated GDP deposited in all 14 banks currently operating in Montenegro.
In addition, in the end of 2018 the Ministry of Finance gave some preliminary data showing that the state’s public debt hit 70% of GDP for 2018 or at least 67% of GDP for this year. Same data indicate that the 2018 GDP amounted to €4.397bn while in 2019, it’s expected to reach €4.569bn.
Daily reports that the Montenegrin banks submit to the CBCG suggest that on 2 March total deposits in financial institutions amounted to nearly €3.49bn.
CBCG said: “Based on the submitted monthly reports on banking business, on 28 February 2018 the total deposits in the banking system amounted to €3,248.39m, whereas in the end of last year they amounted to €3,459.24m. This means the total deposits rose by €243.4m, i.e. 7.5%, and when compared to the end of 2018, they rose by €32.6m, i.e. 0.9%.”
CBCG also explained to Dnevne Novine daily that they have been taking direct and indirect controls over banks thus analyzing and monitoring the greatest depositors as well as “movements in deposit potentials as the primary sources of funds for banks”.
