Erste Group Increased Net Profit from January to June

Published: July 29, 2011; 13:23 · (Vindobona)

The Austrian bank’s results were burdened by bank taxes in Austria and Hungary. Net profit was up 5.2%, based on a solid operating result and lower risk costs.

Erste Group Increased Net Profit from January to June / Picture: © Erste Group / Christian Wind

Erste Group posted stable operating income for the first half of 2011: net interest income totaled € 2,689.8m (H1 2010: € 2,684.8m), supported by record quarterly net interest income of € 1,394.1m in Q2 2011. Net commission income of € 954.9m declined only marginally compared with the good performance of € 965.0m in H1 2010. The net trading result improved from…

This article includes a total of 492 words.

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