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Montenegro's Hypo Alpe-Adria Bank Turns to Profit in 2011

24.4.2012 15:16:00 | Author/Source www.seenews.com

Montenegro's Hypo Alpe-Adria Bank turned to a net profit of 9.9 million euro ($13 million) last year from a loss of 35.8 million euro in 2010, data of the Central Bank of Montenegro (CBM) showed.

The bank’s net interest income stood at 7.8 million euro in 2011, down from 15.9 million euro a year earlier, while net fee and commission income rose to 3.8 million euro from 2.1 million, data from the CBM website indicated.

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