Montenegro's First Financial Bank posts EUR 0.19mn loss in H1.

By bne IntelliNews July 30, 2012
First Financial Bank ended the first half of the year with a loss of EUR 0.19mn down by 76.8 y/y, according to the preliminary financial report of the company published on the website of the stock exchange. Net interest income stood at EUR 0.303mn, up by 49.3% y/y and net income from fees and commissions rose by 57.9% y/y to EUR 0.15mn. The lender's total assets narrowed by 3.2% y/y to EUR 23.7mn at end-June. The value of extended credits rose by 17.7% y/y to reach EUR 13.3mn at end-June. Greek citizen Viktor Restis owns the majority stake of 91% in the bank.

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