The Montenegrin financial system has a timed bomb in the form of EUR 1.2bn of bad loans, which are non-performing or there are difficulties in their collection.
Those are not only bad assessments of loan risks, but there are serious indications that this is a matter of criminal alliances of certain managers of Montenegrin banks and the biggest debtors, which took place during the approval of loans, knowing that clients would not repay them. This brought to an increased growth of bad loan placements, according to leader of the Movement for Changes (PZP) Nebojsa Medojevic.
News source: Limun.hr link: article
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