the financial reports of the banks that operated in Serbia and Montenegro, covering the period from the first quarter of … Montenegro does not give enough argument to support such explanation, and bank profitability can be explained by bank efficiency …

competition, of which the most common are the concentration ratio and the Herfindahl-Hirschman index. It is important to emphasize … organizations. The results of the static and dynamic analysis of concentration indicate that, compared to Montenegro, the banking … competition. Although market changes are reflected in a reduced number of banks while a change in the dispersion of market shares …

competition, of which the most common are the concentration ratio and the Herfindahl-Hirschman index. It is important to emphasize … organizations. The results of the static and dynamic analysis of concentration indicate that, compared to Montenegro, the banking … competition. Although market changes are reflected in a reduced number of banks while a change in the dispersion of market shares …

competition affects credit risk in Montenegro and whether banks differing in size react differently. Panel data techniques were … affected. Overall, the increasing competition may positively affect credit risk in Montenegro. … Montenegro. Hence, it is important to analyse risks affecting stability of both the banking and financial system as a whole …