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Montenegro's Universal Capital Bank grows 9-mo net profit

Dec 4, 2023, 2:02:00 PMArticle by Djordje Jajcanin
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December 4 (SeeNews) - Montenegro's Universal Capital Bank [MNG:FFBN] said on Monday that its net profit increased to 6 million euro ($6.5 million) in the first nine months of 2023 from 3.5 million euro in the like period of last year.

Montenegro's Universal Capital Bank grows 9-mo net profit
Source: Simes Engineering

The bank's net interest income came in at 5.4 million euro in the period under review, up from 4.2 million euro in January-September 2022, while net fee and commission income rose to 4.1 million euro from 3.7 million euro, the lender said in a bourse filing.

Following are details on Universal Capital Bank's performance (in millions of euro):

9-mo'23 9-mo'22
Net fee and commission income 4.138

3.654

Net interest income 5.352 4.232
Net profit 5.955 3.528

3.654

$ = 0.9194 euro

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