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Erste Group: Profits Decline
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Published: February 28, 2014; 08:56 ♦ (Vindobona)
Erste Group posts net profit of EUR 61.0 million in 2013 and improves capital ratios.
Erste Group: Profits Decline / Picture: © Erste Group / Helmut Lackner
Highlights
• Net interest income declined to EUR 4,858.1 million in 2013 (2012: EUR 5,235.3 million), which was mainly due to subdued credit demand and the low-interest-rate environment. On the back of higher income from securities business net fee and commission income rose from EUR 1,720.8 million in 2012 to EUR 1,810.0 million and the net trading result from…
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