Net profit attributable to shareholders increased by 22% to €275m for Q1 16 compared to Q1 15. Net interest income was unchanged at €1.1bn for Q1 16 compared to Q1 15. Risk provisions for loan losses were down by 69% to €56m in the same period. Operating income declined by 4% to €1.63bn in Q1 16. General administrative expenses rose by 6% to €1.0bn for Q1 16. Other operating result was down from a loss of €154m for Q1 15 to a loss of €140m for Q1 16. Pre-tax
04 May 2016
Good Q1 16 results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Good Q1 16 results
Erste Group Bank AG (EBS:WBO) | 0 0 (-0.9%) | Mkt Cap: 16,818m
- Published:
04 May 2016 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders increased by 22% to €275m for Q1 16 compared to Q1 15. Net interest income was unchanged at €1.1bn for Q1 16 compared to Q1 15. Risk provisions for loan losses were down by 69% to €56m in the same period. Operating income declined by 4% to €1.63bn in Q1 16. General administrative expenses rose by 6% to €1.0bn for Q1 16. Other operating result was down from a loss of €154m for Q1 15 to a loss of €140m for Q1 16. Pre-tax