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Nov 12, 2007 13:49 EEST
November 12 (SeeNews) - Montenegro's second-largest bank, Prva Banka Crne Gore, on Monday said its net profit for the nine months through September rose to 3.02 million euro ($4.4 million) from 421,000 euro a year earlier.
Prva Banka had net interest income of 5.2 million euro for the first nine months of 2007, up from 1.124 million euro a year earlier, the bank said in a statement.
Its assets exceeded 341.7 million euro at the end of September from 41.4 million euro a year earlier.
Prva Banka ranked second by assets in Montenegro at the end of September after the Montenegrin unit of Hungary's OTP Bank, CKB. Prva Banka Crne Gore is majority owned by Montenegrin businessman Aco Djukanovic, brother of the country's former president and prime minister Milo Djukanovic.
There are 10 active banks in the Adriatic country of 620,000 people.
($ = 0.6855 euro)
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