Financial Stability Council of the Central Bank held a meeting today and they concluded that the financial system of Montenegro is relatively stable with the presence of risks of moderate intensity.
“Indicators of stability and quality of business in banking, insurance and capital markets have positive tendencies. Total assets of banks amounted 4,41 billion EUR at the end of the third quarter of 2018, and recorded growth of 2,4% at the quarter level”.
Total loans grew by 2% and deposits grew by 3,3%.
Information on the financial stability for the third quarter of the year as well as the current questions that fall within the competence of the Council were considered at today’s session.
“It has been noticed that the continuity of positive quarter rates of GDP growth in the Eurozone continued. Domestic macroeconomic environment indicators also show positive movements. The highest growth was recorded in the industry sector. Retail trade, tourist arrivals, and construction works sector also recorded an increase”.
Certain fiscal indicators also recorded positive trends. On the basis of the impact analysis of all mentioned factors on the conditions of the overall economic stability, with special focus on the stability of the financial system, the Council concluded that the Montenegrin financial system is relatively stable with the moderate risks.
