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Montenegro's Lovcen Banka net profit more than trebles in H1 - table

Author Senad Dedeic
Montenegro's Lovcen Banka net profit more than trebles in H1 - table Source: Lovcen Banka

PODGORICA (Montenegro), August 19 (SeeNews) - Montenegro's Lovcen Banka said its net profit went up to just over 1 million euro ($1.01 million) in the first half of 2022 from 362,000 euro in the like period of last year.

The bank's net interest income rose to 4.7 million euro, from 3.9 million euro, while net fee and commission income increased to 390,000 euro from 18,000 euro, it said in a financial statement filed with the Montenegro Stock Exchange on Thursday.

Following are details on Lovcen Banka's performance (in thousand euro):

H1'22 H1'21
Net interest income 4,700 3,895
Net fee and commission income 390 18
Net profit 1,002 362

($ = 0.994341 euro)

 
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