Erste Q3 in line on Czech rebound, strong Romania

30.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Austria's Erste Bank , central Europe's second-biggest lender, posted a 34 percent rise in third-quarter net profit as its Czech unit...

...recovered and its Romanian bank beat forecasts.

Net profit after minorities in the quarter to September rose to 272 million euro ($392 million), Erste said in a statement on Tuesday -- broadly in line with forecasts in a Reuters poll of 15 analysts which averaged 278 million euros.

Tweaking its previous mid-term outlook, Erste said it saw net profit rising by at least 20 percent next year and by at least 25 percent in 2009. It kept its 2009 goal of a 55 percent cost-income ratio and 18 to 20 percent return on equity.

[VIENNA/Reuters/Finance.cz]

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