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Montenegro's Prva Banka Q1 net profit plummets

May 30, 2024, 3:09:17 PMArticle by Djordje Jajcanin
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May 30 (SeeNews) - Montenegro’s Prva Banka Crne Gore [MNE:PBCG] said that it recorded a net profit of 8,000 euro ($8,650) in the first quarter of 2024, down from 203,000 euro in the like period of last year.

Montenegro's Prva Banka Q1 net profit plummets
Source: Rozaje.me

The bank's net interest income amounted to 2.1 million euro in the first quarter of 2023, up 4.6% on the year, while net fee and commission income went down sharply to 201,000 euro from 617,000 euro, the lender said in a filing with the Montenegro Stock Exchange earlier this week.

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

Q1 '24 Q1 '23
Net fee and commission income 0.201 0.617
Net interest income 2.047 1.955
Net profit 0.008 0.203

($ = 0.9232 euro)

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