Regional News:
Montenegro's Hypo Alpe-Adria Bank turns to H1 loss
1.8.2012 14:37:00 | Author/Source www.seenews.com
Montenegro's Hypo Alpe-Adria Bank turned to a net loss of 6.4 million euro ($7.9 million) in the first six months of this year, from a net profit of 2.5 million euro a year earlier, figures showed.
Hypo Alpe-Adria Bank’s net interest income fell to 3.4 million euro in the first half of the year, from 4.7 million a year earlier, while net income from commissions and fees halved to 960,000 euro from 1.8 million euro, figures posted on the website of the Central Bank of Montenegro (CBM) indicated.
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