Strong operating result and solid risk performance

• Rising customer loan volumes (+2.0%) despite subdued macro environment
• Very stable granular deposit base
• NPL ratio remains at low level of 2.0%
• Strong capitalization: CET1 ratio at 14.5%

Net profit rose to EUR 2,309.6 million on the back of the strong operating result and low risk costs.

Operating result increased markedly to EUR 4,178.1 million

“The overall economic framework has deteriorated significantly during the course of the year. Nevertheless, we were able to increase our loan volumes during the past nine months. The quality of our loan portfolio remains excellent and the proportion of non-performing loans is historically low at around two percent across our markets. Our strong capitalization, good risk performance and continued cost discipline ensure that we will successfully meet the challenges and make use of the opportunities that lie ahead of us,” said Willi Cernko, CEO of Erste Group.

Read more in the attached press release.