PODGORICA (Montenegro), September 19 (SeeNews) – Montenegro's Lovcen Banka said its net profit went up to 952,000 euro ($1.0 million) in the first half of 2019 from 844,000 euro in the like period of last year.
The bank's net interest income came in at 3.7 million euro, up 25.7% on the year, while net fee and commission income fell to 113,000 euro from 347,000 euro, according to the interim financial statement of Lovcen Banka, posted on the website of Montenegro's central bank.
The loan portfolio of Lovcen Banka amounted to 150.3 million euro, while deposits totalled 137.2 million euro at the end of June.
Following are details on Lovcen Banka's performance (in million euro):
|
H1'19 |
H1'18 |
Deposits |
137.154 |
116.368 |
Loans |
150.251 |
122.880 |
Net fee and commission income |
0.113 |
0.347 |
Net interest income |
3.723 |
2.962 |
Net profit |
0.952 |
0.844 |
($ = 0.904629 euro)