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Erste Group: Slight Increase in Profits Expected

Professional Services › Banks ♦ Published: April 27, 2011; 07:54 ♦ (Vindobona)

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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…