Sponsored
Article Tools

Erste Group: Dramatic Profit Decline Stayed Away

Published: April 30, 2014; 10:03 · (Vindobona)

Net profits amounted to EUR 103.3 million. Erste Group aims to keep profits stable in the near future.

Net interest income of Erste declined mainly due to subdued loan demand in a persistently low interest rate environment. / Picture: © Erste Group

January-March 2014 compared with January-March 2013; as of 31 March 2014 compared with 31 December 2013.

Net interest income declined to EUR 1,123.9 million (EUR 1,196.7 million), mainly due to subdued loan demand in a persistently low interest rate environment and FX translation effects. While net fee and commission income rose slightly to EUR 452.1 million (EUR 447.4 million)…

This article includes a total of 550 words.

or Log In

Fast News Search
ISIN
AT0000652011