Net profit of Montenegro's mid-sized Hipotekarna Banka rose by 29.5% y/y to EUR 1.83mn in the first nine months of 2012, according to the bank's preliminary financial statement published on the central bank website. The bank's net interest income grew by 1.8% y/y to EUR 5.73mn, while the net fees income expanded by 2.1% y/y to EUR 2.4mn. Total assets of Hipotekarna rose by 18.8% on the year to EUR 170.9mn. Loans and lease operations grew by 9.2% y/y to EUR 115.1mn and deposits - by 25.4% y/y to EUR 112.2mn. The ratio of deposits to loans rose to 97.5% at end-September 2012 from 84.9% a year earlier. |
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