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Montenegro’s Hipotekarna Banka H1 net profit rises - table

Author Radomir Ralev
Montenegro’s Hipotekarna Banka H1 net profit rises - table Source: EBRD

PODGORICA (Montenegro), July 24 (SeeNews) – Montenegro’s Hipotekarna Banka [MNG:HIBP] posted a net profit of 3.7 million euro ($4.1 million) in the first half of 2019, up from 2.7 million euro in the like period of the previous year.

Hipotekarna Banka's net interest income came in at 8.9 million euro, up 34.8% on the year in the first half, while net fee and commission income fell 11.4% to 3.1 million euro, according to the lender's financial statement, posted on the website of the Montenegro Stock Exchange.

The bank's loan portfolio amounted to 269.9 million euro, while deposits totalled 400.3 million euro at the end of June.

Following are details on Hipotekarna Banka's performance (in millions of euro):

  H1'19 H1'18
Loans 269.857 265.548
Deposits 400.311 378.394
Net fee and commission income 3.057 3.539
Net interest income 8.859 6.588
Net profit 3.740 2.722

($ = 0.897644 euro)