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Montenegro's Addiko Bank Podgorica H1 profit rises - table

Author Radomir Ralev
Montenegro's Addiko Bank Podgorica H1 profit rises - table Addiko Bank Podgorica headquarters; Source:

PODGORICA (Montenegro), September 12 (SeeNews) – Addiko Bank Podgorica, the Montenegrin unit of Austrian-based Addiko Bank, said its net profit rose to 1.6 million euro ($1.8 million) in the first half of 2019 from 1.3 million euro in the like period of last year.

The bank's net interest income went up 10.5% to 5 million euro in the first six months, while net fee and commission income increased to 1.2 million euro from 865,000 euro, according to the lender's financial statement, posted on the website of Montenegro's central bank.

The loan portfolio of Addiko Bank Podgorica amounted to 196.5 million euro, while deposits totalled 179.2 million euro at the end of June, the group's financial statement shows.

Following are details on Addiko Bank Podgorica's performance (in millions of euro):

  H1'19 H1'18
Deposits 179.179 207.131
Loans 196.505 212.629
Net fee and commission income 1.173 0.865
Net interest income 4.978 4.507
Net profit 1.643 1.275

($ = 0.908401 euro)