Erste Group Books Q1-Q3 Earnings of EUR 211 mln in Hungary
Austria's Erste Group booked Q1-Q3 net income of EUR 211 million at its business in Hungary, news agency MTI writes, citing an earnings report.
Earnings jumped from EUR 39.9 million in the base period.
Net interest income fell 11% year-on-year to EUR 260.9 mln and net revenue from commissions and fees rose 12% to EUR 185.3 mln.
Erste Group noted that Erste Bank Hungary paid EUR 52.7 mln on the transactions duty and EUR 47.9 mln in windfall profit tax during the period.
Erste Bank Hungary had total assets of EUR 12.793 billion at the end of September, up 7% from 12 months earlier.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.