Best bank: NLB Banka
NLB Banka is Montenegro’s best bank, having demonstrated strong growth and development last year, which in turn contributed to its record bottom line.
To the end of December 2023, the bank generated €27 million in net profit – up 23% on 2022 – driven in the main by a 36% rise in net interest income and 17% rise in net fees and commissions.
Underpinning the rise in net interest income were higher rates and sizeable growth in its loan book, which in total expanded by 9% or €50 million last year.
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