PODGORICA (Montenegro), November 10 (SeeNews) - Komercijalna banka AD Podgorica, the Montenegrin unit of Serbia's Komercijalna banka [BEL:KMBN], said it swung to a net loss of 3.9 million euro ($4.5 million) in the first nine months of 2021 from 669,000 euro profit in the like period of last year.
The bank's net interest income decreased by 3.2% to 3.7 million euro in the first nine months, while net fee and commission income fell 48.7% to 303,000 euro, according to the lender's interim financial statement posted on the website of Montenegro's central bank.
Following are details on Komercijalna banka AD Podgorica's performance (in millions of euro):
| |
9-mo'21 |
9-mo'20 |
| Net interest income |
3.734 |
3.857 |
| Net fee and commission income |
0.303 |
0.591 |
| Net profit/loss |
-3.851 |
0.669 |
($ = 0.86491 euro)
Komercijalna Banka AD Skopje is among the biggest banks in SEE, for more reference take a look at
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