“We are pleased with the continued stable business trends and positive financial results delivered by our Bank and our local EBC Group in the first nine months of this year. Total lending growth, accompanied by increased new lending volume in retail and corporate segments alike, upward trends in the use of our digital channels, stable growth of our deposit base, and positive risk cost movement trends further consolidate our position in the Croatian banking market”, said Christoph Schoefboeck, President of the Management Board of Erste&Steiermärkische Bank d.d. (“Bank”), commenting on the Bank’s performance in the first nine months of 2024. “Given our very strong capital position, high level of liquidity, and the highest rating among banks and other companies in the Croatian market assigned to us by the rating agencies, we will continue to support Croatian citizens and companies in fulfilling their financial needs while giving the continued growth and development of the entire Croatian economy an added boost”, Schoefboeck concluded.
HIGHLIGHTS
According to the unconsolidated financial statement, comprising the Bank’s result not including subsidiaries, net profit amounted to EUR 187 million in the first nine months of 2024, up 2.7% from EUR 182 million in the same period last year. The increase in net profit was driven by increased revenue from ordinary business operations, particularly the higher lending volume in the retail segment, and the higher SME lending volume in the corporate segment. At the same time, the cost component also recorded growth, mainly as a result of higher interest rates on term deposits and to a lesser extent also as a result of the growth of personnel expenses and other administrative expenses.
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Source of information:
ERSTE & STEIERMÄRKISCHE BANK d.d.
Jadranski trg, 3a 51000 Rijeka
tel./fax - informacije dioničarima:
385 062 37 1000; +385 062 37 5000
e-mail za informacije dioničarima: pr@erstebank.com
web: www.erstebank.hr