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Montenegro's Universal Capital Bank net profit rises in H1 - table

Sep 16, 2019, 11:35:46 AMArticle by Radomir Ralev
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PODGORICA (Montenegro), September 16 (SeeNews) – Montenegro's Universal Capital Bank [MNG:FFBN] said its net profit went up to 1.9 million euro ($2.1 million) in the first half of 2019 from 151,000 euro in the like period of last year.

Montenegro's Universal Capital Bank net profit rises in H1 - table
Source: Simes Engineering

The bank's net interest income came in at 1.5 million euro, up 28.2%, while net fee and commission income rose to 1.8 million euro from 194,000 euro, according to the interim financial statement of Universal Capital Bank, posted on the website of Montenegro's central bank.

The loan portfolio of Universal Capital Bank amounted to 111.6 million euro, while deposits totalled 264 million euro at the end of June.

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

  H1'19 H1'18
Deposits 263.980 219.583
Loans 111.642 104.014
Net fee and commission income 1.825 0.194
Net interest income 1.509 1.177
Net profit 1.91 0.151

($ = 0.903965 euro)

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