May 5 (SeeNews) - Montenegro’s Crnogorska Komercijalna Banka [MNG:CKBP] said its net profit increased to 10.5 million euro ($11.6 million) in the first quarter of 2023, from 1.3 million euro in the like period of last year.
Net interest income totalled 17 million euro in the first quarter of 2023, up 41.6% year-on-year, while net fee and commission income grew 29.2% to 3.1 million euro, the bank said in an interim financial report on Thursday.
Pre-tax profit went up sharply to 12.3 million euro from 1.5 million euro.
Following are details on Crnogorska Komercijalna Banka's performance (in millions of euro):
|
Q1'23 |
Q1'22 |
Net interest income |
17.041 |
12.023 |
Net fee and commission income |
3.113 |
2.364 |
Net profit |
10.531 |
1.293 |
$ = 0.9065 euro
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