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Montenegro’s Prva Banka halves y/y net profit in H1

Author Senad Dedeic
Montenegro’s Prva Banka halves y/y net profit in H1 Source:

PODGORICA (Montenegro), August 19 (SeeNews) - Montenegro’s Prva Banka Crne Gore [MNE:PBCG] reported on Friday a net profit of 577,000 ($580,650) in the first half of 2022, down from 1.08 million recorded in the like period last year.

The bank's net interest income amounted to 4.04 million euro in the January-June period, down from 4.11 million euro a year earlier, while net fee and commission income went down to 784,000 euro from 950,000 euro, according to the bank's filing with the Montenegro Stock Exchange.

Prva Banka Crne Gore ended 2021 with a net loss of 4.3 million euro.

Following are details on Prva Banka's performance (in thousands of euro):

  H1'22 H1'21
Net interest income 4,042 4,107
Net fee and commission income 784 950
Net profit 577 1,084

Prva Banka Crne Gore is listed on the prime market segment of the Montenegro Stock Exchange at a price of 127.82 euro per share.