February 28, 2019 / 6:47 AM / 3 months ago

Erste Group sees 2019 operating profit increase

VIENNA, Feb 28 (Reuters) - Austrian bank Erste Group said on Thursday it expects its operating profit to rise this year thanks to solid macro-economic improvements in its core markets including the Czech Republic, Hungary, and Austria.

The Romanian banking tax will have a negative impact on other operating result in 2019, it said. However, the magnitude remained yet unclear.

Erste Group also forecast a mid-single digit net loan growth and a further increase in net interest income in 2019. (Reporting by Kirsti Knolle Editing by Shri Navaratnam)

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