Closing a lengthly and complex series of negotiations
Profit almost reaches HUF 32 billion in H1
Growth takes the back seat for now
Hungarian operation was also profitable in Q3 2020
Move follows affirmation of sovereign rating
Erste publishes estimates ahead of Q2 data releases
Hungarian operation incurs losses
According to Erste’s card payment data
This crisis did not stem from financial and investment products
Question marks abound
Analysts forecast falling GDP, firming forint
Q1 profit down 38% yr/yr
Erste Bank publishes revised forecasts for CEE
Hungary GDP now expected to grow 3.3% in 2020
Propelled by prenatal baby support loans