PODGORICA (Montenegro), August 29 (SeeNews) – Addiko Bank Podgorica, the Montenegrin unit of Austrian-based Addiko Bank, said its net profit rose to 1.3 million euro ($1.5 million) in the first half of 2018 from a 1.6 million euro loss in the like period of last year.
The bank's net interest income went up 21% to 4.5 million euro in the first half, while net fee and commission income increased to 865,000 euro from 740,000 euro, according to the lender's financial statement, posted on the website of Montenegro's central bank.
The loan portfolio of Addiko Bank Podgorica amounted to 212.6 million euro, while deposits totalled 207.1 million euro at the end of June, the group's financial statement shows.
Following are details on Addiko Bank Podgorica's performance (in millions of euro):
|
H1'18 |
H1'17 |
Loans |
212.629 |
209.301 |
Deposits |
207.131 |
175.987 |
Net fee and commission income |
0.865 |
0.740 |
Net interest income |
4.507 |
3.725 |
Net profit |
1.275 |
1.554 |
($ = 0.856415 euro)