04 Nov 2022

Good Q3 22 figures hit by risk provisions, RoTE targets increased

Erste Group Bank (EBS:VIE), 0 | Erste Group Bank AG (EBS:WBO), 0

- Dieter Hein
- 3 pages

• Operating income increased by 9% to €2.1bn for Q3 22 • Risk provisions switched from releases of €31m for Q3 21 to expenses of €184m for Q3 22 • Net profit decreased by 4% to €510m for Q3 22 • Erste upgraded its RoTE target for 2022 from >10% to around 14%, 13-15% target for 2023 • Risk costs guidance of <35bp for FY2023

Sign up to access

Get access to our full offering from over 30 providers

Good Q3 22 figures hit by risk provisions, RoTE targets increased

Erste Group Bank (EBS:VIE), 0 | Erste Group Bank AG (EBS:WBO), 0

Published: 04 Nov 2022
Author: Dieter Hein
Pages: 3

• Operating income increased by 9% to €2.1bn for Q3 22 • Risk provisions switched from releases of €31m for Q3 21 to expenses of €184m for Q3 22 • Net profit decreased by 4% to €510m for Q3 22 • Erste upgraded its RoTE target for 2022 from >10% to around 14%, 13-15% target for 2023 • Risk costs guidance of <35bp for FY2023