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Erste Group Expects Operating Result to Decline Significantly in 2013

Published: October 30, 2013; 09:31 · (Vindobona)

Erste Group posts net profit of EUR 430.3 million in the first nine months of 2013; risk costs decline.

Erste Group Expects Operating Result to Decline Significantly in 2013 / Picture: © Erste Group

HIGHLIGHTS

• Net interest income decreased to EUR 3,651.6 million in 1-9 2013 (1-9 2012: EUR 3,968.9 million) due to subdued credit demand and low market interest rates. Net fee and commission income rose from EUR 1,284.3 million in 1-9 2012 to EUR 1,346.3 million as a result of higher income from the securities business. The net trading result improved from…

This article includes a total of 1099 words.

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