PODGORICA (Montenegro), November 3 (SeeNews) – Societe Generale banka Montenegro, the Montenegrin unit of French lender Societe Generale, said it posted a net profit of 7.2 million euro ($8.4 million) in the first nine months of 2017, up 5.9% on the year.
The bank's net interest income came in at 15.1 million euro, down 1.3%, while net fee and commission income rose 13.3% to 3.4 million euro, according to the financial statement of Societe Generale banka Montenegro, posted on the website of Montenegro's central bank.
The bank's loan portfolio amounted to 359.3 million euro, while deposits totalled 338 million euro at the end of September, the group financial statement of Societe Generale banka Montenegro shows.
Following are details on Societe Generale banka Montenegro's performance (in millions of euro):
| |
9-mo'17 |
9-mo'16 |
| Loans |
359.290 |
324.483 |
| Deposits |
338.049 |
343.216 |
| Net fee and commission income |
3.445 |
3.008 |
| Net interest income |
15.068 |
15.290 |
| Net profit |
7.210 |
6.817 |
($ = 0.8586 euro)