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Montenegro's Komercijalna banka Podgorica 9-mo profit rises - table

Author Radomir Ralev
Montenegro's Komercijalna banka Podgorica 9-mo profit rises - table Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

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 Top 100 banks
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