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Erste Group: Profit Higher than Expected

Published: February 28, 2013; 10:08 · (Vindobona)

The Austrian bank posts a net profit of EUR 483.5 million in 2012.

Erste Group: Profit Higher than Expected / Picture: © Erste Group
  • Net interest income declined to EUR 5,235.3 million in 2012 (2011: EUR 5,569.0 million), which was mainly due to the economic environment and the subdued credit demand as well as the continuing reduction of non-core assets. Net fee and commission income decreased from EUR 1,787.2 million to EUR 1,720.8…
This article includes a total of 666 words.

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