Erste Group Books Q1-Q3 Earnings of EUR 211 mln in Hungary

Banking

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.

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