According to the Central Bank (CBCG), at the end of 2021, citizens of Montenegro had a total of 1.4 billion euros in local banks, and their savings grew by 15 percent, or 188 million, over the year.
In December alone, citizens increased their deposits by five percent.
“In the structure of household deposits by maturity as of the end of December, demand deposits accounted for 67.92 percent, term deposits for 32.04 percent, while a small share — 0.04 percent — was held in escrow accounts,” the CBCG January bulletin says.
The total volume of deposits in banks reached a record 4.2 billion euros on the last day of December, which is 24.6% more than at the end of 2020. Of this, 35.4% came from savings of the domestic population.
Non-residents held 1.17 billion euros in banks, 1.19 billion euros in the economy, and 276 million euros in the government.
At the end of December, banks had a total of 3.36 billion euros in approved loans, which is 6.4 percent more than in the same month of 2020.
“As for loans at the end of last year, banks demanded the most from the economy and the population, 77 percent in total,” said the CBCG.