PODGORICA (Montenegro), March 14 (SeeNews) – Montenegro’s Invest Banka [MNE:IBMN] has said its net loss widened to 772,000 euro ($953,600) in 2017 from 751,000 euro in the previous year.
The bank's net interest income rose to 626,000 euro from 605,000 euro, while net fee and commission income grew to 12,000 euro from 7,000 euro, according to the lender's financial statement, posted on the website of Montenegro's central bank.
The bank's loan portfolio amounted to 24.9 million euro, while deposits stood at 26.2 million euro at the end of December.
Following are details on Invest Banka's performance (in euro):
|
2017 |
2016 |
Loans |
24.938 mln |
25.785 mln |
Deposits |
26.164 mln |
24.099 mln |
Net fee and commission income |
12,000 |
7,000 |
Net interest income |
626,000 |
605,000 |
Net profit/loss |
-772,000 |
-751,000 |
($ = 0.809399 euro)