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Meager Profits for Erste Group in First Half 2013

Published: July 30, 2013; 08:17 · (Vindobona)

Erste Group posts net profit of EUR 301.2 million for first half of 2013; risk costs decline

Meager Profits for Erste Group in First Half 2013 / Picture: © Erste Group

• Net interest income decreased to EUR 2,431.2 million in H1 2013 (H1 2012: EUR 2,651.7 million) against the backdrop of a continuing challenging environment with subdued credit demand and low market interest rates. Net fee and commission income rose from EUR 865.5 million in H1 2012 to EUR 895.9 million and the net trading result from EUR 121.5 million to EUR 160.5 million on the…

This article includes a total of 1035 words.

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