Podgorica, (MINA-BUSINESS) – In the Montenegrin banking market, ten commercial banks had positive financial results at the end of the first quarter, with a combined profit of €33.15 million.

According to the data published on the website of the Central Bank (CBCG), the largest profit of €13.33 million was made by Crnogorska Komercijalna Banka, followed by NLB and Hipotekarna Banka with €5.51 and €5.39 million, respectively.

Erste Bank made a profit of nearly €4.23 million, while the respective profits of Prva Banka and Universal Capital amounted to €1.05 million and €971,000.

The profit of Zapad Banka amounted to €953,000 at the end of March, while the profits of Lovcen Banka and Adriatic Bank amounted to €842,000 and €537,000, respectively.

Addiko Bank made a profit of €331,000 in this period, while Adriatic Bank finished the first quarter with a loss of €269,000.