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Montenegro's Hypo Alpe-Adria Bank Slashes Net Loss in Q1

29.5.2012 17:32:00 | Author/Source www.seenews.com

Montenegro's Hypo Alpe-Adria Bank slashed its net loss to 1.8 million euro ($2.2 million) in the first quarter of 2012 from 11.7 million euro a year earlier, data of the Central Bank of Montenegro (CBM) showed.

The bank’s net interest income amounted to 1.8 million euro over the review period, down from 3.7 million euro a year earlier, while net fee and commission income rose to 511,000 euro from 502,000, data from the CBM website indicated.

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