June 5 (SeeNews) - Montenegro's Lovcen Banka said on Monday that it recorded a net profit of 1 million euro ($1.1 million) in the first quarter of 2023, as compared to 412,000 euro in the like period of last year.
The bank's net interest income rose to 2.6 million euro in the first quarter of 2023, from 2.2 million euro, while net fee and commission income increased to 610,000 euro from 124,000 euro, it said in a filing with the Montenegro Stock Exchange.
Following are details on Lovcen Banka's performance (in thousand euro):
|
Q1'23 |
Q1'22 |
Net interest income |
2,617 |
2,183 |
Net fee and commission income |
610 |
124 |
Net profit |
1,021 |
412 |
($ = 0.9352 euro)