Sponsored
Article Tools

Erste Group: Net Results Below Expectations

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

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…

This article includes a total of 203 words.

or Log In

Fast News Search
Related News
Ukraine: Tough Market for Foreign Banks (February 11, 2014)
CEE: Economic Sentiment at Lowest Level (January 24, 2014)
Erste to Maintain Business in Hungary (January 21, 2014)
Erste Group: Moderate Economic Recovery in Eurozone (January 20, 2014)
Expansion Course of Austrian Banks Slowed Down (January 16, 2014)
Read More
Erste Group, Banking Industry, Earnings, BRC, Romania, CEE Central Eastern Europe, NPL Non Performing Loans, Lending, Taxation, Monetary Policy, Equity Markets
ISIN
AT0000652011
Featured
Updated Directory of Foreign Ambassadors in Austria 2018
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter