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6h agoEurope’s Erste Group Bank lifts annual targets after Q3 profit beat, shares hit record high
Erste Group Bank reported a third-quarter net profit of €901 million (US$1.05 billion), surpassing a median forecast of around €836 million. Growth in loans and lower deposit costs drove the results. The Vienna-based lender upgraded its net interest income growth target for 2025 to over 2%, and now expects a cost-to-income ratio of about 48% (down from c.50%). It also said its CET1 capital ratio at year end should exceed 18.5%. The firm’s shares rose more than 5% to hit a record high on the update.
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6h agoEurope’s Erste Group Bank lifts annual targets after Q3 profit beat, shares hit record high
Erste Group Bank reported a third-quarter net profit of €901 million (US$1.05 billion), surpassing a median forecast of around €836 million. Growth in loans and lower deposit costs drove the results. The Vienna-based lender upgraded its net interest income growth target for 2025 to over 2%, and now expects a cost-to-income ratio of about 48% (down from c.50%). It also said its CET1 capital ratio at year end should exceed 18.5%. The firm’s shares rose more than 5% to hit a record high on the update.
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Europe’s Erste Group Bank lifts annual targets after Q3 profit beat, shares hit record high
about 7 hours ago
1 min read
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Erste Group beats Q3 profit estimates, upgrades guidance and sees shares hit a record high.
Erste Group Bank reported a third-quarter net profit of €901 million (US$1.05 billion), surpassing a median forecast of around €836 million. Growth in loans and lower deposit costs drove the results. The Vienna-based lender upgraded its net interest income growth target for 2025 to over 2%, and now expects a cost-to-income ratio of about 48% (down from c.50%). It also said its CET1 capital ratio at year end should exceed 18.5%. The firm’s shares rose more than 5% to hit a record high on the update.
Erste Group Bank reported a third-quarter net profit of €901 million (US$1.05 billion), surpassing a median forecast of around €836 million. Growth in loans and lower deposit costs drove the results. The Vienna-based lender upgraded its net interest income growth target for 2025 to over 2%, and now expects a cost-to-income ratio of about 48% (down from c.50%). It also said its CET1 capital ratio at year end should exceed 18.5%. The firm’s shares rose more than 5% to hit a record high on the update.
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Oct 31, 2025 • 20:16 IST