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Erste Group: Significant Decrease in Net Profits in Q1 2013
Erste Group posts net profit of EUR 176.2 million in Q1 2013 (Q1 2012 net profit of EUR 346.5 million); risk costs decline.
Erste Group: Significant Decrease in Net Profits in Q1 2013 / Picture: © Erste Group / Helmut Lackner
Highlights
• Net interest income decreased to EUR 1,240.6 million in Q1 2013 (Q1 2012: EUR 1,336.9 million), primarily driven by subdued credit demand, low interest rates as well as the continuing impact of the reduction of non-core assets. Net fee and commission income increased from EUR 430.3 million to EUR 448.2 million on the back of higher income from…
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