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Macedonia's TTK Banka turns to 9-mo net profit

Oct 31, 2012, 11:35:56 AMArticle by Valentina Dimitrievska
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October 31 (SeeNews) - Macedonia's TTK Banka [MSE:TTK] said it turned to a net profit of 24.1 million denars ($507,940/391,870 euro) in the first nine months of 2012 from a net loss of 28.2 million denars a year earlier.

Macedonia's TTK Banka turns to 9-mo net profit

Net interest income increased by 13% on the year to 192.3 million denars in the first nine months, while net fee and commission income rose by annual 5.0% to 83.9 million denars, TTK Banka said in an income statement sent to the Macedonian Stock Exchange on Tuesday.

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

(1 euro = 61.4994 Macedonian denars)

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