Societe Generale banka Montenegro profit falls in Q1 – table – SeeNews

PODGORICA (Montenegro), May 17 (SeeNews) – Societe Generale banka Montenegro, the Montenegrin unit of French lender Societe Generale, said it posted a net profit of 1.04 million euro ($1.16 million) in the first quarter of 2017, down 21.8% on the year.

The bank’s net interest income came in at 4.8 million euro, up 7.2%, while net fee and commission income rose 45% to 984,000 euro, according to the financial statement of Societe Generale banka Montenegro, posted on the website of Montenegro’s central bank.

The bank’s loan portfolio amounted to 340 million euro, while deposits totalled 327.4 million euro at the end of March, the group financial statement of Societe Generale banka Montenegro shows.

Following are details on Societe Generale banka Montenegro’s performance (in millions of euro): 

($ = 0.900261 euro)

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