Montenegro Banks Achieve Profit of 87.23 Million Euros
PHOTO: Freepik / Frimufilms
At the end of the second quarter this year, all 11 commercial banks in the Montenegrin banking market reported a positive outcome, with a combined profit of EUR 87.23 million.
The Montenegrin commercial bank led the way with a substantial profit of 28.23 million euros, while NLB reported gains of 12.3 million euros, totaling 12.55 million euros according to data from the Central Bank of Montenegro (CBCG), MINA.
Adriatic Bank posted nearly ten million euros in profit, followed by Erste with 8.8 million euros and Universal Capital at 3.89 million euros.
West Bank’s profit reached 2.51 million euros by the end of June, Lovcen recorded 2.4 million euros, Prva Banka 2.17 million euros, and Addiko took in 1.79 million euros.
Ziraat Bank concluded the quarter with a profit of 587,000 euros.