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Crnogorska Komercijalna Banka's 9-mo net profit soars

Nov 1, 2023, 12:22:56 PMArticle by Djordje Jajcanin
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November 1 (SeeNews) - Montenegro’s Crnogorska Komercijalna Banka [MNG:CKBP] recorded a net profit of 43.3 million euro ($45.7 million) in the nine months through September, compared to 19.8 million euro in the like period of last year, the lender said.

Crnogorska Komercijalna Banka's 9-mo net profit soars
Source: Crnogorska Komercijalna Banka

Net interest income came in at 55.6 million euro in the first nine months of 2023, up 44.8% on the year, while net fee and commission income grew 25% to 13 million euro, Crnogorska Komercijalna Banka said in a bourse filing on Tuesday.

Following are details on Crnogorska Komercijalna Banka's financial performance (in millions of euro):

9-mo '23 9-mo '22
Net interest income 55.617 38.337
Net fee and commission income 12.957 10.406
Net profit 43.336 19.834

$ = 0.9480 euro

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