February 28, 2017 / 6:54 AM / in 9 months

Erste Group's Q4 net profit falls shy of forecasts

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)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below