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Erste Bank’s interest rate profit is up 7.8% compared to the same period in 2015, while the bank’s capital adequacy is above the statutory minimum and stands at 17.4%.

– We are satisfied with the recorded growth of our bank placements and the results we accomplished in the first half of this year. Also, we managed to improve the quality of our credit portfolio partly due to selling uncollectible receivables recently which, in turn, meant that we didn’t have to reserve as many funds which additionally boosted the bank’s net profit – said the Chairman of Erste Bank’s Executive Board, Slavko Carić.

In the first half of this year, the net profit of Erste Group stood at €841.7 million which is the best mid-year result in the history of this banking group.

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