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Erste Group Presents Net Profit of EUR 487.2 Million in H1 15

Published: August 7, 2015; 17:00 · (Vindobona)

Erste Group closed the first half of 2015 with positive results, reflected in strong improvements in profitability, asset quality, lending and capital. The group reported a net profit of EUR 487.2 million in H1 2015, compared to a negative result of EUR -929.7 million in the similar period last year; all countries except Hungary made a positive contribution to this development. Total assets increased to EUR 197.5 billion, compared to EUR 196.3 billion at the end of 2014. This balance sheet growth reflects a 2.2% advance in net lending to customers compared to the end of 2014, to EUR 123.5 billion, supported by the 1.7% growth in loans to households, 2.0% to SMEs and 5.9% to large corporates.

Treichl: Erste Group posts net profit of EUR 487.2 million in H1 15 / Picture: © Erste Group / Andi Bruckner

“We posted good results in the first half of the year supported by a stable operating result and lower risk costs, which resulted in a meaningful increase of our capital base, with the common equity Tier 1 capital (B3 fully loaded) now reaching 11.3%. Most of our core CEE markets fare substantially better than the rest of Europe with an increasing part of the growth being domestic…

This article includes a total of 736 words.

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