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Montenegro's First Financial Bank cuts 9-mo net loss

Oct 29, 2012, 2:52:04 PMArticle by Valentina Dimitrievska
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PODGORICA (Montenegro), October 29 (SeeNews) – Montenegro's First Financial Bank said on Monday its net loss narrowed to 117,000 euro ($151,380) in the first nine months of 2012 from 1.2 million euro a year ago.

Montenegro's First Financial Bank cuts 9-mo net loss

The bank’s net interest income rose to 494,000 euro in the first nine months from 291,000 euro a year earlier, while net fee and commission income increased to 206,000 euro from 146,000, the bank said in a filing with the Montenegro Stock Exchange.

First Financial Bank’s assets totalled 24 million euro at the end of September, down from 27 million euro a year earlier.

($=0.7729 euro)

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