30.03.2009. Bank reserve amounts to €208.1 million
Podgorica, (MINA-BUSINESS) – At the end of February, the mandatory reserve of the Montenegrin commercial banks amounted to €208.1 million, down 1.9 percent on the previous month, the Central Bank of Montenegro (CBCG) has announced.
Out of the total reserve, 41 percent is kept on the CBCG accounts abroad, while the rest is on its national account.
The average balance of deposits, the mandatory reserve is calculated for, was around €1.49 billion in February.
The time deposits of the public sector and demand deposits account for 11.2 percent of the total deposits. Demand deposits of other sectors account for 36.3 percent of the total deposits, while the time deposits due in less than 180 days account for 23 percent, and those between 180 days and two years account for 29.5 percent.
The average balance of deposits that do not require mandatory reserve was €332.3 million in the same period. Out of that amount, 99.7 percent accounts for the time deposits due in over two years, while 0.3 percent accounts for the demand deposits that do not require mandatory reserve.