Transcript Bankarski sektor u Crnoj Gori

Banking sector
in Montenegro
Macroeconomic data
2002
2003
2004
2005
2006
GDP (mil €)
1,301.50
1,433.00
1,535.00
1,644.00
1,778.81
GDP per capita €
2,109.11
2,317.90
2,472.99
2,638.00
2,790.50
GDP growth (%)
1.70
2.30
3.70
4,10
Inflation
9.40
6.70
4.30
1,80
2.5
Unemployment rt.
30.45
25.82
22.6
17,00
15.5
193
271
302.81
326.50
376.37
Total credit
124.66
200.63
284.08
377.30
653.1
Savings deposits
22.21
45.07
80.68
173.02
351.8
Investments
182.90
213.62
111.08
382.82
502.00
Average wage
6.50
Sources: Central Bank Of Montenegro;
Institute for Strategic Studies and Prognoses
Free template from
www.brainybetty.com
2
SWOT analysis
Banking sector in Montenegro
• Strengths
Stability and strong
currency
Favorable legislative and
institutional framework
Independent Central bank
without emission function
Implemented international
standards in the bank
monitoring
Private banking sector
Liberal system in financial
and capital flows
Good human capital
Free template from
www.brainybetty.com
3
SWOT analysis
Banking sector in Montenegro
• Weaknesses
Distrust in banking sector
Low rating deposit
High interest rate on credit
Furlough from
international market for
year
Missing regulation in
certain districts
Payment circulation is still
not completely reformed
Rigid labor law
Inefficient court system
Free template from
www.brainybetty.com
4
SWOT analysis
Banking sector in Montenegro
• Opportunities
Attracting foreign
investments
Continuation of implemented
international standard in
banking monitoring
Improvement of cooperation
with international financial
institutions
Implemented IT technology in
extension banking services
Free template from
www.brainybetty.com
5
SWOT analysis
Banking sector in Montenegro
• Opportunities
 Continue perfection human
capital
extension banking services
bank
 Dispersal variety of banking
 Improvement of monetary
statistic and analytic
 Implemented IT technology
in
extension banking services
bank
Free template from
www.brainybetty.com
6
SWOT analysis
Banking sector in Montenegro
• Threats
 High transaction costs
 Unfair competition
 Early assumption of
determination of international
bureaucracy standard
 Inefficient adhibition of
legislative solutions in
certain districts
 Inefficient and long
procedure of bank
bankruptcy and liquidation
 Impossibility of outstanding
account payment
Free template from
www.brainybetty.com
7
Objectives



Finalizing bank
privatization and opening
bankruptcy and liquidation
process
Further increase in
efficient monitoring of the
banks through
implementation of
principles of Basel 1.
Making conditions for
further decreasing interest
rate
Free template from
www.brainybetty.com
8
Objectives
 Working on further
legislation improvement
which directly or
indirectly influences
banking sector
 Improvement of
payment circulation in
order to increase its
efficiency
 Decrease in transaction
costs of user banking
services
Free template from
www.brainybetty.com
9
Bank Founding
•
A bank is founded and
operates as a joint stock
company.
• A bank may be founded by
domestic and foreign legal
entities and private
individuals, at least two
founders.
• No party may engage in
banking operations without
license of Central Bank
• Minimum financial amount of
initial capital may not be less
than EUR 5,000,000.
Source: Central Bank
Free template from
www.brainybetty.com
10
Bank Founding
• The bank founders shall
submit to the Central Bank
the application for a bank
license with next
documents:
 the foundation contract,
 the proposed by-laws,
 data on professional
qualifications and working
experience for the last five
years for proposed members
of Managing Board of the
bank,
 data of shareholders holding
more than 5%,
 business plan of the bank
for the next three years,
 technical and personal
capabilities data
Source: Central Bank
Free template from
www.brainybetty.com
11
Status of banking sector
• 10 commercial banks
• Concentration of financial
potentiality – 59,5 of total
banking capital is assets of 3
bank.
• Increasing trend in credit
activities of banks - total
sum of credit was increase
for 40% in 2006
Total amount of credit
653,1
700
600
500
377,3
400
284,08
300
200
200,63
124,66
100
0
Free template from
www.brainybetty.com 2002
2003
2004
2005
2006
12
Institutional ambient of
banking sector
Institutional ambient in which
bank work characterizes usage
of euro as legal means of
payment
•




Since establishment of Central
bank adoped new laws are:
Law on the Central Bank
Law of bank
Law of bankruptcy and
liquidation
Law of deposit security
Source: Ministry of Tourism
Free template from
www.brainybetty.com
13
Bank in Montenegro
Name of bank
headquorters
Establishing
year
1
Crnogorska Komercijalna
banka AD
Podgorica
1997
2
Euromarket banka NLB AD
Podgorica
2000
3
Hypo Alpe-Adria Bank AD
Podgorica
Podgorica
2006
4
Podgorička banka AD
Podgorica
1906
5
Opportunity banka AD
Podgorica
2002
6
Atlasmont banka AD
Podgorica
2002
7
Montenegrobanka AD
Podgorica
1995
8
Prva banka Crne Gore AD
Nikšić
Nikšić
1901
9
Hipotekarna banka AD
Pljevlja
1991
10
Komercijalna banka AD
Budva
2003
Free template from
www.brainybetty.com
14
Leading financial groups
•
Societe Generale Group – One of the
leading financial groups in the euro
zone. 386 billion assets under
management. The third corporate and
investment bank in the euro zone.
More than 19 million customers in the
real banking in the world. The Societe
Generale Group purchased 64,4%
shares of »Podgoricka Banka« in state
ownership, for 385 euros per share.
•
Hypo Alpe-Adria-Bank Group is in
Montenegro, too. This group have
locations in Austria, Italy, Slovenia,
Croatia, Bosnia and Herzegovina,
Serbia and Montenegro, and Germany.
The Hypo Alpe-Adria-Group employs
more than 5,200 people that serve
more than 750,000 customers. The
three strategic business sectors of the
Hypo Alpe-Adria Group - banking,
leasing and consulting .
Free template from
www.brainybetty.com
15