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. |
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