All 11 Montenegrin banks reported a total profit of 161.4 million euros last year, reflecting a 10 percent increase compared to 2023.

The Montenegrin Commercial Bank (CKB) achieved the highest profit with approximately 60 million euros, marking an 8 percent rise from 2023, according to operational reports posted on the Central Bank of Montenegro (CBCG) website.

NLB Bank followed, posting a profit of 27.7 million euros in 2024, which is a 4 percent improvement over 2023.

The Mortgage Bank recorded a profit of 18.4 million euros, representing a 50 percent increase from the previous year.

ERSTE Bank reported a profit of 17.5 million euros, which is a 12 percent increase from 2023.

Adriatic Bank achieved a profit of 16.6 million euros, a 5.6 percent rise compared to the prior year.

Universal Capital Bank saw a decline in profit compared to 2023, finishing the year with seven million euros, a decrease of about 15 percent.

West Bank’s profit reached about five million euros, showing a significant 43 percent increase from 2023.

Lovćen Bank’s profit grew by 42 percent to 4.7 million euros.

ADDIKO Bank recorded a profit of approximately three million euros, which is 30 percent lower than the previous year.

Ziraat Bank declared a profit of 1.09 million euros last year, an impressive 82 percent increase from 2023.

The First Bank’s profit was about 20,000 euros last year, reflecting a 73 percent drop compared to 2023.

According to the CBC newsletter, the banks’ balance sheet at the end of December 2024 stood at 7.25 billion euros, representing a 7.6 percent increase from December 2023.

The asset structure of banks reveals that as of December 2024, 62.12 percent was attributed to loans, followed by cash deposits with the central banks at 16.66 percent.

Regarding liabilities, deposits accounted for a dominant 80.53 percent, while capital made up 12.39 percent, and loans were 3.72 percent, with other items comprising 3.36 percent of total liabilities.

At the end of December 2024, the total bank capital amounted to 894.69 million euros, showing a 9.07 percent annual growth.

Growth in Approved Loans

The total amount of approved bank loans was 4.6 billion euros at the close of December 2024, reflecting a 13.3 percent increase from December of the previous year.

The loan-to-deposit ratio reached 0.79 at the end of December 2024, up from 0.75 in December of last year, although it fell from the previous month’s 0.81, as reported by the CBC in their Bulletin.

As of December 2024, the majority of loans were issued to the non-financial sector and households, accounting for 75.79 percent.

Deposits Totaling 5.8 Billion

Bank deposits reached approximately 5.8 billion euros by the end of December 2024, reflecting growth on both an annual (6.68 percent) and monthly basis (1.55 percent).

In terms of the total deposit structure at the end of December 2024, sight deposits accounted for the largest share at 85.28 percent, while time deposits made up 14.23 percent.

The remaining 0.49 percent consisted of funds in escrow accounts.

Among time deposits, the largest segments were maturity deposits of three months to one year (38.16 percent) and those with a one to three-year maturity (35.7 percent).

When analyzing by sector, population deposits held the largest share of total deposits at 36.91 percent, followed closely by the non-financial sector at 29.69 percent.

By the end of December 2024, household deposits totaled 2.15 billion euros, marking a 13.37 percent increase compared to the same month from the prior year, with a monthly growth of 3.68 percent.

In the maturity distribution of household deposits, 72.15 percent were sight deposits, and 17.85 percent were term deposits.

Bank Liquidity Exceeds Four Percent

Liquid assets of banks reached 1.67 billion euros at the end of December 2024, which is a 4.62 percent increase compared to December last year.

The CBC Bulletin reported that liquidity ratios for the banking sector as a whole were above the required minimum for both daily and decadal levels as of December 2024.