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Dec 07, 2017 15:52 EEST
December 7 (SeeNews) - Komercijalna banka a.d. Budva, the Montenegrin unit of Serbia's Komercijalna banka [BEL:KMBN], said it turned to a 1.3 million euro ($1.5 million) profit in the first nine months of 2017 from 1.4 million euro loss in the respective period of last year.
The bank's net interest income increased by 27.3% year-on-year to 2.8 million euro in the first nine months of 2017, while net fee and commission income rose 65.6% to 785,000 euro, according to the lender's interim financial statement posted on the website of Montenegro's central bank.
The loan portfolio of Komercijalna banka a.d. Budva amounted to 74.6 million euro, while deposits totalled 97.1 million euro at the end of September.
Following are details on Komercijalna banka a.d. Budva's performance (in millions of euro):
($ = 0.848452 euro)
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