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Erste Group's Q4 net profit falls shy of forecasts
February 28, 2017 / 7:55 AM / 10 months ago

Erste Group's Q4 net profit falls shy of forecasts

(Repeats to a different USN with no changes to text)

VIENNA, Feb 28 (Reuters) - Austrian bank Erste Group’s net profit fell more than expected in the fourth quarter, the lender said on Tuesday, warning of a difficult year ahead in which net interest income will be flat “at best” and it will invest in digital technology.

Fourth-quarter net profit fell to 85.6 million euros ($90.7 million) from 204 million euros in the same period a year earlier, below an average estimate of 94 million euros in a Reuters poll of analysts. ($1 = 0.9438 euros) (Reporting by Francois Murphy; Editing by Christian Schmollinger)

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