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Montenegro's Hipotekarna Banka posts rise in H1 net profit - table

Aug 25, 2022, 10:56:37 AMArticle by Senad Dedeic
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August 25 (SeeNews) - Montenegro’s Hipotekarna Banka Podgorica [MNE:HIBP] booked a net profit of 4.11 million euro ($4.11 million) in the first half of 2022, up from a 2.65 million euro profit recorded in the like period of last year, it said.

Montenegro's Hipotekarna Banka posts rise in H1 net profit - table
Source: EBRD

The bank's net interest income rose to 7.85 million euro in the January-June period, slightly up from 7.25 million euro a year earlier, while net fee and commission income went up by almost 58% to 3.91 million euro, the lender said in a filing to the Montenegro Stock Exchange on Tuesday.

Hipotekarna Banka closed 2021 with a net profit of 4.38 million euro.

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

H1'22 H1'21
Net interest income 7.847 7.253
Net fee and commission income 3.911 2.476
Net profit 4.107 2.653

($ = 0.999016 euro)

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