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Montenegro's Prva Banka swings to 9-mo net loss

Nov 1, 2023, 3:18:16 PMArticle by Djordje Jajcanin
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November 1 (SeeNews) - Montenegro’s Prva Banka Crne Gore [MNE:PBCG] said on Wednesday that it recorded a net loss of 375,000 euro ($395,591) in the first nine months of 2023, compared to a net profit of 536,000 euro in the like period of last year.

Montenegro's Prva Banka swings to 9-mo net loss
Source: Rozaje.me

The bank's net interest income amounted to 6.3 million euro in the nine months through September 2023, up from 5.2 million euro in the corresponding period of 2022, while net fee and commission income went up to 2.1 million euro from 1.4 million euro, Prva Banka Crne Gore said in a bourse filing.

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

9-mo '23 9-mo '22
Net fee and commission income 2.108 1.378
Net interest income 6.316 5.248
Net profit/loss -0.375 0.536

$ = 0.9479 euro

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