Erste Bank Hungary Zrt., together with its subsidiaries, provides banking and other financial services to retail and corporate customers in Hungary. It operates in Retail, Local Corporate, Real Estate, Assets and Liability Management, Group Large Corporate, Group Markets, Corporate Centre, and Free Capital segments. The company offers savings accounts, consumer credit and mortgage lending, asset management, investment banking, securities and derivatives trading, portfolio management, project finance, foreign trade finance, corporate finance, capital market and money market services, foreign exchange trading, and factoring services, as well as overdrafts. It also provides services, such as in...
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Erste Bank Hungary Announces Earnings Results for the Nine Months of 2015
Nov 6 15
Erste Bank Hungary announced earnings results for the nine months of 2015. The company’s net loss in nine months 2015 narrowed to EUR 47.2 million from EUR 370.7 million in the same period a year earlier. Net interest income fell 23.4% to EUR 157.6 million mainly due to lower loan volumes and lower contribution from securities. Net income from fees and commissions edged down 0.2% to EUR 103.5 million Operating result fell 31.3% to EUR 131.5 million.
Erste Bank Hungary Reports Earnings Results for the First Half Ended June 2015
Aug 7 15
Erste Bank Hungary reported earnings results for the first half ended June 2015. Net interest income fell 20.4% to EUR 110.6 million mainly due to lower loan volumes and lower contribution from bonds. Net loss narrowed to EUR 35.1 million from EUR 142.9 million in the same period a year earlier as a EUR 130.3 million provision related to the Hungarian consumer loan law did not recur. Operating result fell 29.5% to EUR 90.7 million. Net income from fees and commissions rose 2.1% to EUR 70.1 million mostly because of higher fees from assets management.
Erste Bank Hungary Provides Earnings Guidance for 2016
Aug 7 15
Erste Bank Hungary provided earnings guidance for 2016. The company will more likely produce profits in 2016.