The Central Bank of Montenegro (CBCG) is legally authorised to introduce protection and other measures when stability of a financial system as a whole is jeopardized, which isn’t the case now. On the contrary, all key parameters are rising, says CBCG, commenting on a 1,000% margin between average interest rates on savings and loans.
CBCG calls to mind that the policy of interest rates is in the exclusive competence of commercial banks, but also adds that the banks should take into account the trust and keeping the clients when creating policies.
According to the CBCG, banks’ interest incomes in nine months last year were €120m, €1.5m less than in 2016.
