ADVERTISEMENT

Erste net income in Hungary up 6.3% in Q1-Q3

MNB

Austriaʼs Erste Group booked net income of EUR 119.8 million at its business in Hungary in the first three quarters of 2019, up 6.3% year-on-year, an earnings report released by the bank Wednesday shows, state news wire MTI reported.

Net interest income rose 8.6% to EUR 158.2 mln during the period. Net revenue from commissions and fees climbed 10.7% to EUR 137.9 mln.

Erste Group said EUR 18.3 mln in provisions were freed up at the business, more than one-third under the EUR 27.8 mln freed up in the base period.

The local business paid EUR 12.6 mln for the bank levy and EUR 35.9 mln in transaction duty. It contributed EUR 2.8 mln to the resolution fund.

ADVERTISEMENT

Consumer, business confidence reach 2-year high - GKI Analysis

Consumer, business confidence reach 2-year high - GKI

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.