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Montenegro's Erste Bank Podgorica 9-mo net profit rises - table

Dec 14, 2022, 8:21:34 AMArticle by Radomir Ralev
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December 14 (SeeNews) - Erste Bank Podgorica, the Montenegrin unit of Austria's Erste Group, said its net profit rose to 10.1 million euro ($10.7 million) in the first nine months of 2022 from 6.9 million euro in the like period of last year.

Montenegro's Erste Bank Podgorica 9-mo net profit rises - table
Ken Teegardin/CC BY-SA 2.0

The bank's net interest income came in at 18.0 million euro in the first nine months of 2022, up from 17.6 million euro in January-September 2021, while net fee and commission income grew to 3.3 million euro from 2.5 million euro, according to the lender's financial statement posted on the website of Montenegro's central bank.

Following are details on Erste Bank Podgorica's performance (in millions of euro):

9-mo'22 9-mo'21
Net interest income 18.022 17.648
Net fee and commission income 3.303 2.549
Net profit 10.064 6.946

($ = 0.940544 euro)

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