Commercial bank NLB Montenegrobanka reported net profit of EUR 0.117mn in the first half of 2011, down 55.7% y/y, according to the preliminary results posted on the website of the securities commission. The bank's net interest income increased by 13.1% y/y to EUR 10.75mn and net income from fees and commissions declined slightly (by 1.9% y/y) to EUR 3.2mn. Total assets dropped by 4.1% y/y to EUR 522mn. Loans to clients constituted 80.7% of total assets and advanced by 3.6% as compared to the same period previous year. On the liabilities side, deposits added 7.2% y/y in Jan-Jun and covered 0.83% of loans. NLB Montenegrobanka is majority controlled by Slovenian lender NLB. |
Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more
Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more
Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more