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Ceska Sporitelna Nine-Month Net Income Falls 11.5% on Loans, Provisions

Ceska Sporitelna AS, a Czech unit of Erste Bank AG, said its net income for the first nine months of the year declined 11.5 percent to 9.65 billion koruna as high provisions and a declining loan portfolio pushed down earnings.

Net interest income declined 2.4 percent during the nine month period to 22.8 billion koruna from 23.3 billion koruna, the Prague-based bank said today in an e-mailed statement.

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net

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