According to the Central Bank, Montenegro has 63 millionaires — citizens with millions of euros or more in bank accounts.
“The number of citizens with deposits of EUR 1 million or more is 3% higher than in February 2020,” the data show.
Although the number of millionaires has increased, the highest individual deposit fell by EUR 900,000 compared with the end of April. At that time, it amounted to EUR 10.6 million. The highest deposit held by an individual now stands at EUR 9.7 million. This person is a non-resident, the Central Bank said.
According to the latest data, eight citizens have deposits exceeding EUR 3 million. Two individuals have deposits of more than EUR 5 million. However, no one has a deposit above EUR 10 million. At the end of last year, the highest deposit was EUR 17.9 million.
At the beginning of 2018, there were 64 millionaires, and in October 2017 there were 48 millionaires. At the beginning of 2017, 54 millionaires were registered. As of the end of 2016, there were 54 millionaires.
The latest data show that total deposits in July amounted to EUR 3.3 billion, which means a slight month-on-month increase and a 3.4% decrease year-on-year. Demand deposits accounted for 69.5%, while time deposits made up 30.2% of total deposits.