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Montenegro's Prva Banka 9-mo Net Profit Rises 35.5% to 4.1 Mln Euro - Table

Nov 17, 2008, 4:10:19 PMArticle by Denitsa Koseva
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November 17 (SeeNews) - The net profit of Montenegro's second-largest bank by assets, Prva Banka CG, rose 35.5% to 4.084 million euro ($5.162 million) in January-September, data from the country’s central bank showed on Monday.

Montenegro's Prva Banka 9-mo Net Profit Rises 35.5% to 4.1 Mln Euro - Table

Prva Banka’s assets totalled 562.85 million euro at the end of September.

Eleven banks were active in Montenegro as of the end of September. The Montenegrin unit of Hungary’s OTP Bank, CKB, ranked first with total assets of 1.21 billion euro. Hypo Alpe-Adria Bank’s Montenegrin unit came third with total assets of 500.97 million euro.

Following are the January-September financial results that Prva Banka issued in a report to Montenegro’s central bank (in millions of euro):

Jan-Sept'08 Jan-Sept'07
Net profit 4.084 3.015
Pre-tax profit 4.539 3.125
Net interest income 14.817 5.220
Net income from commissions and fees 5.456 4.754
Other income 0.031 0.825

Prva Banka CG is majority-owned by Montenegrin businessman Aco Djukanovic, brother of the country's prime minister Milo Djukanovic.

($=0.7910 euro)

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