Erste Group announced yesterday that it expects to report Q2 16 net profit of about €560m, resulting in H1 16 net profit of about €830m. The Q2 16 performance was primarily driven by the releases of risk provisions of about €30m (mainly due to releases in Hungary and Romania and the declining risk costs in all other geographies), the P&L recognition of the VISA sale one-off with a pre-tax amount of about €139m and the significantly improved operating as well as other o
