Net profit attributable to shareholders increased by 25% to €454m for Q3 18 compared to Q3 17. Net interest income was up by 7% to €1.16bn for Q3 18 compared to Q3 17. Risk provisions for loan losses were a profit of €29m for Q3 18 compared to a profit of €33m for Q3 17. Operating income increased by 5% to €1.72bn in Q3 18 compared to Q3 17. General administrative expenses rose by 2% to €1.03bn for Q3 18. Other operating result decreased from a loss of €87m
02 Nov 2018
Strong Q3 earnings helped by risk provision releases, RoTE target increased for FY2018
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Strong Q3 earnings helped by risk provision releases, RoTE target increased for FY2018
Erste Group Bank AG (EBS:WBO) | 0 0 (-0.9%) | Mkt Cap: 16,818m
- Published:
02 Nov 2018 -
Author:
Dieter Hein -
Pages:
2
Net profit attributable to shareholders increased by 25% to €454m for Q3 18 compared to Q3 17. Net interest income was up by 7% to €1.16bn for Q3 18 compared to Q3 17. Risk provisions for loan losses were a profit of €29m for Q3 18 compared to a profit of €33m for Q3 17. Operating income increased by 5% to €1.72bn in Q3 18 compared to Q3 17. General administrative expenses rose by 2% to €1.03bn for Q3 18. Other operating result decreased from a loss of €87m