NLB Montenegrobanka turns to Q1 net loss.

By bne IntelliNews June 11, 2012
NLB Montenegrobanka reported a net loss of EUR 0.83mn in the first three months of 2012 after posting a EUR 9,000 net profit a year earlier, according to preliminary results posted on the website of the central bank. NLB Montenegrobanka's net interest income fell 3% on the year to EUR 5.5mn, while its net income from fees declined 4.5% on the year to EUR 1.36mn in the first quarter of the current year. Total assets stepped up by an annual 1.7% to EUR 511.1mn. Loans and leasing operations went down by 0.9% on the year to EUR 434.9mn. Deposits increased by 7.3% on the year to EUR 366.1mn, covering 84.2% of loans. NLB Montenegrobanka is majority controlled by Slovenian lender NLB.

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

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 reports increased budget revenue in Q1.

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 drops to 155.5% in Feb 2013.

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

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 296
Dismiss