Erste Group 2Q Net Profit Rose
July 30 2021 - 1:18AM
Dow Jones News
By Sarah Sloat
Erste Group Bank AG said Friday that net profit in its second
quarter rose, helped by an improving overall economic
environment.
Net profit for the period was 562.9 million euros ($669.2
million) compared with EUR58.5 million in the same period a year
earlier, the Austrian bank said. Operating profit of EUR962.4
million was higher than the EUR805.4 million it had a year
earlier.
"We are cautiously optimistic for the year 2021 as a whole, even
as we are aware that much depends on the further course of the
pandemic and its medium-term impact on the economy," the bank
said.
Write to Sarah Sloat at sarah.sloat@wsj.com
(END) Dow Jones Newswires
July 30, 2021 02:04 ET (06:04 GMT)
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