• Net profit decreased by 30% to €343m for Q3 20 compared to Q3 19
• Loan loss provisions increased from €0m in Q3 19 to expenses of €195m for Q3 20 due to COVID-19
• Erste confirmed estimated risk cost in the range of 65bp to 80bp for FY2020
02 Nov 2020
Solid Q3 20 figures above consensus expectations
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Solid Q3 20 figures above consensus expectations
Erste Group Bank AG (EBS:WBO) | 0 0 (-0.9%) | Mkt Cap: 16,818m
- Published:
02 Nov 2020 -
Author:
Dieter Hein -
Pages:
2
• Net profit decreased by 30% to €343m for Q3 20 compared to Q3 19
• Loan loss provisions increased from €0m in Q3 19 to expenses of €195m for Q3 20 due to COVID-19
• Erste confirmed estimated risk cost in the range of 65bp to 80bp for FY2020