July 21, 2017 5:51 PM ET

Banks

Company Overview of Crnogorska komercijalna banka AD

Company Overview

Crnogorska komercijalna banka AD provides various banking products and services in Montenegro. It offers various retail banking products and services that include savings accounts; cash, refinancing, tourist cash, tourist home equity, housing, home equity, reconstruction and refurbishment, and overdraft loans, as well as loans and overdrafts for pensioners; debit and credit cards; payment operations services, such as international payments, FX inflows, OTP express payments, cheques, letters of credit, transaction accounts, direct debit services, and safe deposit boxes; and e-banking services, as well as provides private banking products and services. The company also offers corporate banking...

Moskovska Street

Podgorica,  81000

Montenegro

Founded in 1997

441 Employees

Key Executives for Crnogorska komercijalna banka AD

Chief Executive Officer & Director
Age: 43
Executive Director of Finance & Bank Operation
Head of Back Office - Retail Department Vault and Cards
Director of Investment Department
Head of Accounting Department
Compensation as of Fiscal Year 2017.

Crnogorska komercijalna banka AD Key Developments

SocGen To Reportedly Sell Montenegro Subsidiary To CKB

Societe Generale Group (ENXTPA:GLE) reportedly intends to sell its Montenegro-based unit to Crnogorska komercijalna banka AD Podgorica. The Central Bank of Montenegro has reportedly analyzed the transaction and yet still is not decided whether to approve it.

Crnogorska Komercijalna Banka Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Crnogorska Komercijalna Banka reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the full year, the company reported after tax loss without the effect of adjustments of HUF 1,849 million against after tax profit without the effect of adjustments of HUF 909 million a year ago. Loss before tax was HUF 1,851 million against profit before income tax of HUF 909 million a year ago. Operating profit was HUF 2,684 million against HUF 3,146 million a year ago. Total income was HUF 10,022 million against HUF 10,468 million a year ago. Net interest income was HUF 6,951 million against HUF 7,228 million a year ago. ROA was negative at 0.9% against ROA of 0.5% a year ago. ROE was negative at 8.4% against ROE of 4.0% a year ago. For the quarter, the company reported after tax loss without the effect of adjustments of HUF 3,511 million against HUF 278 million a year ago. Loss before tax was HUF 3,512 million against of HUF 279 million a year ago. Operating profit was HUF 443 million against HUF 487 million a year ago. Total income was HUF 2,413 million against HUF 2,549 million a year ago. Net interest income was HUF 1,691 million against HUF 1,744 million a year ago. ROA was negative at 7.0% against of 0.5% a year ago. ROE was negative at 61.1% against of 4.7% a year ago.

Crnogorska Komercijalna Banka Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016

Crnogorska Komercijalna Banka reported unaudited earnings results for the third quarter and nine months ended September 30, 2016. For the nine months, the company reported after tax profit without the effect of adjustments of HUF 1,661 million against HUF 1,187 million a year ago. Profit before tax was HUF 1,661 million against HUF 1,187 million a year ago. Operating profit was HUF 2,241 million against HUF 2,659 million a year ago. Total income was HUF 7,608 million against HUF 7,920 million a year ago. Net interest income was HUF 5,260 million against HUF 5,538 million a year ago. ROA was 2.9% against 1.3% a year ago. ROE was 23.2% against 11.2% a year ago. For the quarter, the company reported after tax profit without the effect of adjustments of HUF 1,406 million against HUF 652 million a year ago. Profit before tax was HUF 1,406 million against HUF 652 million a year ago. Operating profit was HUF 999 million against HUF 915 million a year ago. Total income was HUF 2,792 million against HUF 2,692 million a year ago. Net interest income was HUF 1,744 million against HUF 1,789 million a year ago. ROA was 1.1% against 0.8% a year ago. ROE was 9.3% against 6.9% a year ago.

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Recent Private Companies Transactions

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