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EBS - Erste Bank AG News Story

€18.16 -0.4  -1.9%

Last Trade - 23/09/20

Large Cap
Market Cap £6.75bn
Enterprise Value £3.76bn
Revenue £7.69bn
Position in Universe 126th / 1039

Erste Group's Q2 net profit rises more than expected

Tue 31st July, 2018 6:53am
July 31 (Reuters) - Austrian lender Erste Group  ERST.VI  on
Tuesday reported a 21 percent increase in second quarter net
profit, helped by stronger income from payment services, asset
management and lending.
    Net profit in the three months to the end of June rose to
438.2 million euros ($513.18 million) from 362.5 million euros
in the same period last year, beating the average estimate of
393 million euros in a Reuters poll of analysts.*:nL5N1UQ547
    The company reiterated its full-year outlook of a return on
tangible equity (ROTE) of above 10 percent.

($1 = 0.8539 euros)

 (Reporting by Bartosz Dabrowski; Editing by Nick Macfie)
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