Moderate Profit Increase at Erste Bank

Business › n.a. ♦ Published: April 24, 2012; 15:37 ♦ (Vindobona)

The Austrian subsidiary of the Vienna-based Erste Group could record a 12.1% profit increase. Lending was up by 33%.

Moderate Profit Increase at Erste Bank / Picture: © Erste Group / Helmut Lackner

In 2011, Erste Bank and the 50 Austrian Sparkassen could record profit after taxes of € 260.5m. Against 2010, the figure was up by 12.1%. Due to a higher interest margin, net interest earnings grew by 6.9% to € 1.28bn. Gross earnings remained stable at € 2.24bn (+0.4%). The bank´s operating profit fell by 2.9% to € 775.5m, however. On average, operating profits of Austrian…

or Log In

Fast News Search
Related News
Big Exposure in Spain and Portugal (April 19, 2012)
Erste to Improve Equity Base (April 16, 2012)
Erste Group Sells Property (April 13, 2012)
S&P: Austrian Banks Still Weakly Capitalized (April 11, 2012)
No Credit Crunch in CEE (March 14, 2012)
Read More
Erste Group, Banking Industry, Earnings
Featured
See latest Vindobona Newsletter