Net profit attributable to shareholders decreased by 5% to €262m for Q1 17 compared to Q1 16. Net interest income was down by 4% to €1.05bn for Q1 17 compared to Q1 16. Risk provisions for loan losses rose by 17% to €66m in the same period. Operating income declined by 1% to €1.62bn in Q1 17. General administrative expenses rose by 1% to €1.0bn for Q1 17. Other operating result declined by 9% to a loss of €140m for Q1 17 due to lower bank levies. Pre-tax profit i

05 May 2017
Boring start to 2017

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Boring start to 2017
Erste Group Bank AG (EBS:WBO) | 0 0 (-0.9%) | Mkt Cap: 16,818m
- Published:
05 May 2017 -
Author:
Dieter Hein -
Pages:
2 -
Net profit attributable to shareholders decreased by 5% to €262m for Q1 17 compared to Q1 16. Net interest income was down by 4% to €1.05bn for Q1 17 compared to Q1 16. Risk provisions for loan losses rose by 17% to €66m in the same period. Operating income declined by 1% to €1.62bn in Q1 17. General administrative expenses rose by 1% to €1.0bn for Q1 17. Other operating result declined by 9% to a loss of €140m for Q1 17 due to lower bank levies. Pre-tax profit i