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Erste Group Expected to Record Lower Profits
In the first quarter of 2012, the Austrian banking group will register weaker results compared to the first three months of 2011.
Erste Group Expected to Record Lower Profits / Picture: © Erste Group / Christian Wind
Analysts expect Erste Group to record profits of € 302m in the first three months of 2012. In the first quarter of 2011, the bank recorded net income of € 321m. In the fourth quarter of 2012, net income totaled € 254m.
Net interest surplus will reach € 1.36bn (+4%), analysts say. Risk provisions are expected to amount to € 562m (after € 460m).
Analysts of RCB…
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