Sponsored
Article Tools

Erste Group: Significant Decrease in Net Profits in Q1 2013

Published: April 29, 2013; 09:05 · (Vindobona)

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

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…

This article includes a total of 980 words.

or Log In

Fast News Search
ISIN
AT0000652011