Montenegro’s banking sector is experiencing robust growth, with key indicators steadily rising, providing a solid foundation for continued economic expansion, according to Governor of the Central Bank of Montenegro (CBCG), Irena Radovic.
In an interview with Mina-business, Radovic expressed pride in the performance of the banking sector, highlighting strong year-on-year growth across all key balance sheet positions as of the end of March.
“Bank assets reached €7.18 billion, an increase of more than 8 percent, while loans and receivables amounted to €4.9 billion, up by 14 percent. These figures indicate strong credit activity and growing confidence in the Montenegrin banking system,” Radovic said.
She also pointed to a significant reduction in non-performing loans, which have fallen to a historical low of 3.16 percent, despite rising uncertainty in the global environment.
“Deposits stand at €5.63 billion, and bank capital has risen by 13 percent to €926 million,” Radovic added.
Capital adequacy remains strong at 19.6 percent, well above the legal minimum of 8 percent, she noted.
“These financial health indicators are very encouraging and lay a solid foundation for supporting further economic growth in Montenegro,” Radovic concluded.
