PODGORICA (Montenegro), February 21 (SeeNews) – Addiko Bank Podgorica, the Montenegrin unit of Austrian-based Addiko Bank, said its net profit rose to 2.2 million euro ($2.5 million) in the first nine months of 2018 from 420,000 euro in the like period of last year.
The bank's net interest income went up 21.6% to 6.9 million euro in the first nine months, while net fee and commission income increased to 1.4 million euro from 1.1 million euro, according to the lender's financial statement, posted on the website of Montenegro's central bank.
The loan portfolio of Addiko Bank Podgorica amounted to 202.6 million euro, while deposits totalled 180 million euro at the end of September, the group's financial statement shows.
Following are details on Addiko Bank Podgorica's performance (in millions of euro):
|
9-mo'18 |
9-mo'17 |
Deposits |
179.999 |
187.385 |
Loans |
202.568 |
203.749 |
Net fee and commission income |
1.384 |
1.063 |
Net interest income |
6.855 |
5.663 |
Net profit |
2.204 |
0.420 |
($ = 0.880806 euro)