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Hungary’s OTP Montenegrin Unit Turns to 9-mo Net Loss – Table

Nov 9, 2009, 2:52:42 PMArticle by Valentina Dimitrievska
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November 9 (SeeNews) - Montenegro’s Crnogorska Komercijalna Banka A.D. (CKB), owned by Hungarian banking group OTP, turned to a net loss of 5.6 million euro ($8.4 million) through September from a net profit of 5.7 million euro a year earlier, central bank data showed.

Hungary’s OTP Montenegrin Unit Turns to 9-mo Net Loss – Table

CKB's assets totalled some 920.6 million euro, ranking it first among the 12 commercial banks that were active in Montenegro at the end of September.

Following are the financial results that CKB issued in a report to Montenegro’s central bank (in millions of euro):

9-mo'09 9-mo'08
Net profit/loss -5.627 5.712
Pre-tax profit/loss -5.949 5.500
Net interest income 28.047 18.171
Net income from commissions and fees 8.145 15.442


($=0.6676 euro)

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