Podgorica, (MINA-BUSINESS) – The weighted average effective interest rate on total approved loans, which includes all associated costs, decreased by 0.03 percentage point in March to 6.13 percent. 

According to statistics published by the Central Bank of Montenegro (CBCG) in its Bulletin, the weighted average nominal interest rate decreased by 0.01 point to 5.64 percent in this period.

In March, the effective and nominal rate interest rates for newly granted loans decreased by 0.08 percentage points to 5.77 percent and 5.33 percent, respectively.  

In this period, the effective interest rate of microfinance institutions (MFIs) declined by 0.55 points to 18.29 percent, while the nominal one decreased by 0.46 points to 16.62 percent.

The weighted average effective interest rate offered by the MFIs for newly granted loans decreased by 1.4 percentage points to 13.83 percent, while the nominal one dropped by 1.06 points to 12.84 percent. 

Compared with February, the weighted average effective interest rate on deposits increased by 0.02 percentage point to 0.31 percent in March.