Erste CEO Sees `Good Chance' For Continued Loan Growth
Erste Group Bank AG said loan growth slowed in the second quarter, making it harder for Austria’s biggest bank to compensate for record-low interest rates.Erste’s loan book grew by 667 million euros ($743 million) in the three months through June, compared with 843 million euros in the first quarter, the Vienna-based bank said in its quarterly report on Friday. That brought growth in the first half of the year to 1.2 percent. Net income more than doubled to 567 million euros from a year earlier, in line with preliminary results released July 14. Erste Group Bank CEO Andreas Treichl discusses with Bloomberg's Manus Cranny and Anna Edwards on "Countdown."