Erste Group: Slight Increase in Profits Expected

Published: April 27, 2011; 07:54 · (Vindobona)

UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.

Erste Group: Slight Increase in Profits Expected / Picture: © Erste Group / Christian Wind

The interest surplus is estimated to amount to € 1.34bn in the first quarter of 2011. In the period of the previous year, the interest surplus was at € 1.32bn.

Lending is expected to grow by 1.3% in the first three months of 2011. The NPL ratio should amount to 7.8%, RCB states. UniCredit´s estimation is 7.5%. Both analysts forecast a stable NPL-ratio. However, risk…

This article includes a total of 174 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

Erste Group: Slight Increase in Profits Expected

UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.