Erste raises annual outlook after Q3 beat

Erste Bank AG

31/10/2025 06:43

Oct 31 (Reuters) - Erste Group Bank ERST.VI on Friday raised its annual outlook after its third quarter results beat market expectations, supported by loan growth and lower interest rates expenses on customer deposits.

The Vienna-based bank said its quarterly net profit came in at 901 million euros ($1.05 billion), compared with the average forecast of 836 million in a company-compiled consensus.

The lender expects its net interest income for 2025 to increase by over 2%, while forecasting its cost-to-income ratio falling to around 48% compared with the 50% expected before.

($1 = 0.8575 euros)

 (Reporting by Mateusz Rabiega)

 ((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))