MEDIA RELEASE
20/05/2019
In order to explain the data on monetary financial institutions statistics for April 2019, published on the link, the Central Bank of Montenegro issues the following
MEDIA RELEASE
According to the Methodology for compilation of monetary statistics, the coverage of total deposits at end-April 2019 excludes Atlas bank, which lost its licence on 5 April when the CBCG Council adopted the Decision on instigating bankruptcy proceeding against the bank.
Due to this fact, total decline in deposits was 110 million euros in April 2019. This was the net effect of Atlas Bank deposits exclusion amounting to 190 million euros (as at bankruptcy date) and the deposits of other banks increase of 80 million euros.