Preliminary net profit attributable to shareholders increased by 31% to €1.26bn for FY2016 compared to FY2015. Net interest income was down by 2% to €4.37bn for 2016 compared to 2015. Commission income declined by 4% to €1.8bn in 2016. Operating income decreased slightly by 1% to €6.7bn for 2016. Risk provisions for loan losses dropped by 73% to €196m in 2016 compared to 2015. General administrative expenses increased by 4% to €4.0bn in 2016. Other operating resu
28 Feb 2017
Good 2016 earnings due to positive one-offs
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Good 2016 earnings due to positive one-offs
Erste Group Bank AG (EBS:WBO) | 0 0 (-0.9%) | Mkt Cap: 16,818m
- Published:
28 Feb 2017 -
Author:
Dieter Hein -
Pages:
2
Preliminary net profit attributable to shareholders increased by 31% to €1.26bn for FY2016 compared to FY2015. Net interest income was down by 2% to €4.37bn for 2016 compared to 2015. Commission income declined by 4% to €1.8bn in 2016. Operating income decreased slightly by 1% to €6.7bn for 2016. Risk provisions for loan losses dropped by 73% to €196m in 2016 compared to 2015. General administrative expenses increased by 4% to €4.0bn in 2016. Other operating resu