Erste Group: Net Results Below Expectations

Politics ♦ Published: February 11, 2014; 17:36 ♦ (Vindobona)

Erste Group provides business update for 2013: Improvement in risk costs is outweighed by one-off items and tax effects, impacting net profit

Erste Group: Net Results Below Expectations / Picture: © Erste Group / Helmut Lackner

Following a meeting of the management board today, Erste Group Bank AG announces that it posted a net profit of about EUR 60 million in 2013. While the operating result, risk costs and the performance of the Romanian subsidiary BCR was in line with management guidance, goodwill write-downs and tax effects negatively impacted net profit.

In 2013, Erste Group did only partly…