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Macedonia's TTK Banka turns to 9-mo loss

Macedonia's TTK Banka turns to 9-mo loss

SKOPJE (Macedonia), November 14 (SeeNews) – Macedonia’s TTK Banka [MSE:TTK] said on Friday it turned to a net loss of 44.3 million denars ($897,000/718,000 euro) in the first nine months of 2014 from a net profit of 30.8 million denars a year earlier.

Net interest income fell 3.7% on the year to 220.9 million denars through September, while net fee and commission income decreased 1.2% to 85.2 million denars, TTK Banka said in its income statement sent to the Macedonian Stock Exchange.

Skopje-based TTK Banka was established through the merger of Teteks-Credit bank and Tetovska banka-Tetovo in 2006.

(1 euro = 61.6954 Macedonian denars)