Banks in Montenegro Earned 14.3 Million EUR in First Quarter of 2019

By , 12 May 2019, 23:15 PM Business
Banks in Montenegro Earned 14.3 Million EUR in First Quarter of 2019 Copyrights: Prva Banka Crne Gore Photo

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12 May 2019 - Thirteen banks that operate in Montenegro (apart from Atlas and IBM that went bankrupt) were in the plus 14,3 million EUR at the end of the first quarter. Every bank has made profit except for Nova and Zirat. Universal Capital Bank had the biggest increase in profit. In comparison to the same period last year, its profit has increased by 13 times, writes “Pobjeda”.

Banks have earned a total of 33,4 million EUR based on interests and 8,3 million EUR based on fees and commissions. Erste Bank has made the highest profit in three months – 2,4 million EUR. It has earned 5,5 million EUR based on interests and 579.000 EUR based on fees and commissions.

The Montenegrin Commercial Bank comes next. It made a profit of 2,39 million EUR, 6,2 million EUR from interests and 1,6 million EUR from fees and commissions. The profit of Hipotekarna bank amounted 2,08 million EUR. They have earned 3,5 million EUR on the basis of interests and 2,06 million EUR on the basis of fees and commissions.

NLB Bank comes fourth with a profit of 1,9 million EUR, weaker than last year. This bank has earned 4,9 million EUR on the basis of interests and 794.000 EUR on the basis of fees and commissions. The profit of Societe Generale Bank amount 1,8 million EUR, 5,5 million EUR from interests and 436.000 EUR from fees and commissions.

Universal Capital Bank has made a profit 13 times higher than in the same period last year. The bank has earned 736.000 EUR based on interests and 1,15 million EUR based on fees and commissions.

Prva Bank has earned 403.000 EUR, while this bank gained 2,3 million EUR from interests and 425.000 EUR from fees and commissions.

Profit of Addiko Bank amounts to 1,17 million EUR. (2,4 million EUR based on interests and 561.000 EUR based on fees and commissions).

Profit of Lovćen Bank amounts 455.000 EUR. Commercial Bank Podgorica earned 211.000 EUR. Zapad Bank has made a profit of 117.000 EUR.

Loss of Nova Bank amounts 453.000 EUR. They have earned 169.000 EUR based on interests and they have lost 31.000 EUR based on fees and commissions. Zirat Bank has had negative profit too – 8.000 EUR.

Source: Cafe del Montenegro

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