Erste Group Posts Net Profit of EUR 968.2 Million in 2015

Businessn.a. ♦ Published: February 26, 2016; 17:30 ♦ (Vindobona)

“A net profit of nearly 1 billion euro, a strong capital base and substantially lower risk costs for 2015 show that we have done our homework,” said Andreas Treichl, CEO of Erste Group Bank AG, about the full-year 2015 preliminary results.

Treichl: Erste Group posts net profit of EUR 968.2 million in 2015 / Picture: © Erste Group / Andi Bruckner

“The interest rate environment remains challenging and the impact can be seen in the reduction of our operating result. On a positive note, we have seen solid growth in lending, equally driven by the retail and corporate business.” said Andreas Treichl.

“Our result shows that we belong to the small group of banks that are able to earn their cost of capital. We will do…