From the beginning of September this year to 11 November, there were no transactions that would affect the reduction of liquid assets and the outflow of deposits, to the extent that would jeopardize adequacy of the liquid position of any bank, the Central Bank of Montenegro told Pobjeda daily, commenting on the statement of PM-designate, Mr Zdravko Krivokapić, that there’s a bank in Montenegro which transfers massive amounts of cash to its Serbian subsidiary, thus buying real estates in Serbia.
Namely, Mr Krivokapić has said that the money is not being transferred via the Central Bank but rather directly.
“Based on monthly and daily reports submitted by banks, it was noted that from the beginning of September 2020 to November 11, total deposits grew by EUR 5.4 million, with the largest decline in some of the banks – subsidiaries of foreign banking groups – amounting to EUR 10.5 million. In this same period, based on banks’ daily reports, the total liquid assets of banks decreased by EUR 14.9 million, but remained at a satisfactory level of over 20% of the total assets”, the CBM explained.
They continued: “When it comes to the legality of transactions, it’s legal to perform current and capital affairs as well as transfers of cash from Montenegro to abroad or vice versa, unless otherwise provided for in law.”
