June 5 (SeeNews) - Montenegro's Lovcen Banka said on Monday that its net profit increased to 2.4 million euro ($2.6 million) in 2022 from 512,000 euro in the previous year.
The bank's net interest income came in at 9.8 million euro, up 22.5% on the year, while net fee and commission income grew to 1.2 million from 341,000 euro, Lovcen Banka said in a filing with the Montenegro Stock Exchange.
Following are details on Lovcen Banka's performance (in millions of euro):
|
2022 |
2021 |
Net fee and commission income |
1.243 |
0.341 |
Net interest income |
9.781 |
7.977 |
Net profit |
2.359 |
0.512 |
($ = 0.9351 euro)