It is absolutely unacceptable that the difference between interest rates on loans and deposits, and savings in banks, is close to 1,000%, because there is no branch in a business where there is so much discrepancy between input and output as in banks, economists say.
According to the latest data from the Central Bank of Montenegro, in November 2017, the average weighted effective interest rate on loans, including all their costs, was 6.9%, and on savings, it was 0.72%.
The parliamentary economy committee chair Predrag Sekulic says that such a big discrepancy is an example of how the banking system transfers its bad business moves to clients.
The banking ombudsman Halil Kalac thinks that this situation is unrealistic and unacceptable. He says that interest rates on loans are still high, which is why their further drop can be expected.
