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9h agoErste Group Bank lifts targets after Q3 profit beat, shares hit record high
Erste Group reported a third-quarter net profit of €901 million, ahead of the consensus of around €836 million, driven by loan growth and lower deposit costs. The Vienna-based lender raised its full-year net interest income growth target to over 2% and expects the cost-to-income ratio to drop to about 48% from 50%. Its CET1 capital ratio is now projected to end the year above 18.5%. Shares rose over 5% on the update, marking a record high for the stock.
positive
9h agoErste Group Bank lifts targets after Q3 profit beat, shares hit record high
Erste Group reported a third-quarter net profit of €901 million, ahead of the consensus of around €836 million, driven by loan growth and lower deposit costs. The Vienna-based lender raised its full-year net interest income growth target to over 2% and expects the cost-to-income ratio to drop to about 48% from 50%. Its CET1 capital ratio is now projected to end the year above 18.5%. Shares rose over 5% on the update, marking a record high for the stock.
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Erste Group Bank lifts targets after Q3 profit beat, shares hit record high
about 9 hours ago
1 min read
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Erste Group beats Q3 profit, lifts guidance on margin and efficiency, sending shares to a record high.
Erste Group reported a third-quarter net profit of €901 million, ahead of the consensus of around €836 million, driven by loan growth and lower deposit costs. The Vienna-based lender raised its full-year net interest income growth target to over 2% and expects the cost-to-income ratio to drop to about 48% from 50%. Its CET1 capital ratio is now projected to end the year above 18.5%. Shares rose over 5% on the update, marking a record high for the stock.
Erste Group reported a third-quarter net profit of €901 million, ahead of the consensus of around €836 million, driven by loan growth and lower deposit costs. The Vienna-based lender raised its full-year net interest income growth target to over 2% and expects the cost-to-income ratio to drop to about 48% from 50%. Its CET1 capital ratio is now projected to end the year above 18.5%. Shares rose over 5% on the update, marking a record high for the stock.
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Oct 31, 2025 • 14:36 IST