Erste Group´s Earnings Expected to Increase

Businessn.a. ♦ Published: October 29, 2012; 18:49 ♦ (Vindobona)

The Austrian banking group will present its figures for the third quarter tomorrow. Net income is forecasted to improve.

Erste Group´s Earnings Expected to Increase / Picture: © Erste Group / Christian Wind

Erste Group is expected to reach a net income of € 158m in the third quarter. Compared to the second quarter, Erste Group´s net income will increase by € 51m, analysts say. Against the reference period of 2011, the result will improve drastically. However, the third quarter of 2011 is not really comparable. One year ago, Erste Group shocked the financial markets with a record loss…