Record-Breaking Revenue and Profitability
Erste Group posted quarterly revenues exceeding EUR 2.9 billion for the first time, supported by a record net interest income of close to EUR 2 billion and fees of almost EUR 800 million. The return on tangible equity was 18% for the quarter.
Strong Loan and Deposit Growth
Customer loan volumes increased by almost EUR 10 billion year-to-date, with a growth rate exceeding 5%. Deposits grew by 2.5% year-to-date, with core retail and SME deposits increasing by 2.4%.
Upgraded Financial Guidance for 2025
The guidance for net interest income growth was upgraded to more than 2%, and the cost/income ratio target was improved to around 48%.
Integration of Santander Polska on Track
Erste Group is progressing well towards the consolidation of Santander Polska, expecting approval by year-end 2025, with all competition authority approvals received.