Brief: Erste Group Bank To Propose Execution Of A Third Share Buyback In Amount Of EUR 700 Million

Erste Bank AG

30/04/2025 06:36

April 30 (Reuters) - ERSTE GROUP BANK AG ERST.VI:

ERSTE GROUP Q1 NET INTEREST INCOME EUR 1,872 MILLION

ERSTE GROUP Q1 NET INCOME EUR 743 MILLION

ERSTE GROUP Q1 OPERATING INCOME EUR 2,802 MILLION

ERSTE GROUP Q1 NET FEE INCOME EUR 780 MILLION

ERSTE GROUP Q1 CET1 CAPITAL RATIO 15.9%

ERSTE GROUP Q1 OPERATING EXPENSES EUR -1,345 MILLION

ERSTE GROUP Q1 ROE 14.2%

ERSTE GROUP BANK AG - CET1 RATIO IS EXPECTED TO INCREASE IN 2025, PROVIDING ENHANCED CAPITAL RETURN AND/OR M&A FLEXIBILITY

PROPOSE A REGULAR DIVIDEND OF EUR 3 PER SHARE

TO PROPOSE EXECUTION OF A THIRD SHARE BUYBACK IN AMOUNT OF EUR 700 MILLION

GOAL FOR 2025 IS TO ACHIEVE A RETURN ON TANGIBLE EQUITY (ROTE) OF ABOUT 15%

EXPECTS ROBUST LOAN GROWTH OF ABOUT 5% IN 2025, SUPPORTED BY GROWTH IN RETAIL AS WELL AS CORPORATE BUSINESS

OPERATING PERFORMANCE AS DEFINED BY OPERATING RESULT TO STAY BROADLY STABLE VERSUS 2024, AS NET INTEREST INCOME IS PROJECTED TO REMAIN FLAT YEAR-ON-YEAR, NET FEE AND COMMISSION INCOME TO GROW BY MORE THAN 5%

COST/INCOME RATIO IS EXPECTED TO BE BELOW 50%`

Source text: ID:nPexFPw63a

Further company coverage: ERST.VI

 (Gdansk Newsroom)

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