Erste Group Surprises With High Net Income

Business › n.a. ♦ Published: October 30, 2012; 12:44 ♦ (Vindobona)

The Austrian bank posts a net profit of € 597.3m and stable operating result in the first nine months of 2012.

Erste Group Surprises With High Net Income / Picture: © Erste Group / Christian Wind

Net interest income eased to € 3,968.9m in the first nine months of 2012 (1-9 2011: € 4,134.1m) driven by the continuing reduction of non-core assets and subdued credit demand as a result of the economic environment. Net fee and commission income decreased by 5.0% to € 1,284.3m due to weaker securities business.…

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Banking Industry, Earnings, Erste Group
ISIN
AT0000652011
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