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EBS - Erste Bank AG News Story

€17.6 -0.4  -2.5%

Last Trade - 4:35pm

Sector
Financials
Size
Large Cap
Market Cap £6.70bn
Enterprise Value £3.72bn
Revenue £7.68bn
Position in Universe 126th / 1042

BRIEF-Erste Group Bank H1 Net Result Up 24 Pct At EUR 774.3 Million

Tue 31st July, 2018 6:33am
July 31 (Reuters) - Erste Group Bank AG  ERST.VI :
    * OPERATING RESULT IMPROVED, NET PROFIT OF EUR 774.3 MILLION
IN
1-6 2018
    * H1 NET INTEREST INCOME INCREASED TO EUR 2,213.8 MILLION
(+3.3%;
EUR 2,143.0 MILLION)
    * H1 NET FEE AND COMMISSION INCOME ROSE TO EUR 959.3 MILLION
(+5.3%; EUR 910.9 MILLION)
    * H1 NET TRADING RESULT DECLINED SIGNIFICANTLY TO EUR 11.9
MILLION
(EUR 102.9 MILLION)
    * H1 OPERATING INCOME ROSE TO EUR 3,374.1 MILLION (+2.5%;
EUR
3,292.8 MILLION)
    * H1 OPERATING RESULT WAS SLIGHTLY HIGHER AT EUR 1,297.6
MILLION
(+0.7%; EUR 1,289.3 MILLION)
    * AIMS TO ACHIEVE A RETURN ON TANGIBLE EQUITY (ROTE) OF MORE
THAN
10% IN 2018
    * H1 NET RESULT ATTRIBUTABLE TO OWNERS OF PARENT INCREASED
TO EUR
774.3 MILLION (+24.0%; EUR 624.7 MILLION)
    * AIMS TO ACHIEVE A RETURN ON TANGIBLE EQUITY (ROTE) OF MORE
THAN
10% IN 2018 (BASED ON AVERAGE TANGIBLE EQUITY IN 2018)

Source text for Eikon:  ID:nPexv2wNJa 
Further company coverage:  ERST.VI 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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