Erste Group Bank AG Announces Earnings Results for the Fourth Quarter and Year Ended 2012; Provide Earnings Guidance for 2013
For the year, the company reported net profit of EUR 438.5 (sic) [EUR 483.5] million affected by a number of positive and negative one-offs.
The company do expects to see a modest decline of NPL volume in 2013 on the back of reduced NPL inflows. And the company do see operating income growing in 2013, at the same time, operating expenses continuing to decline which still makes positive, that the company might show a small profit in 2013.