Podgorica, (MINA-BUSINESS) – According to the Central Bank (CBCG), the situation in Atlas Bank and Invest Bank Montenegro (IBM) had no negative effects on the operation of other banks, while an evident increase in deposits in the period after the introduction of interim administration proves that the confidence in this system has been preserved.
“The total amount of deposits with the 14 banks licensed in Montenegro was €3.45 billion on 30 January, around €25 million more than on 7 December when the interim administration was instituted for Atlas Bank and IBM,” the CBCG says in a press release.
At today’s meeting, the CBCG Council discussed the current situation in the banking sector and concluded that it was stable and safe, with good liquidity and solvency parameters, despite the status of the two banks that are no longer in the system.
“The banks’ liquid assets are at a very high level, amounting to €938 million as at 30 January,” the CBCG says.
The press release reminds that the banking sector saw positive financial results last year, with a €28 million net profit at the system level.
Longer version of article is available on a link MINA ENGLISH SERVIS
