Press briefing
H1 2021 results presentation
Bernd Spalt CEO | Stefan Dörfler CFO
30 July 2021
Strong operating income on improved fees and trading results
Operating income (EUR mn)
+9.2% | |||||||
3,791 | |||||||
109 | 3,472 | 116 | |||||
127 | |||||||
9 | |||||||
957 | 1,099 | ||||||
2,397 | 2,449 | |
1-6 2020 | 1-6 2021 | |
Net interest income | Net fee and commission | |
income | ||
Net trading and | Other income | |
FV result |
Operating expenses (EUR mn)
- 0.6% | |||||||||
2,103 | |||||||||
2,115 | |||||||||
266 | 273 | ||||||||
583 | 581 | ||||||||
1,265 | 1,249 | ||||||||
1-6 2020 | 1-6 2021 | ||||||||
Personnel expenses | Other administrative expenses |
Depreciation and amortisiation |
Risk costs sharply lower following front-loading in 2020
Risk costs (EUR mn) | NPL coverage (in %) | |
1-6 2020 | 1-6 2021 | |
43 | ||
1-6 2019* | -83 | |
91.4
-675 | 88.6 |
Dec 2020 | Jun 2021 |
NPL ratio (in %)
2.7 | 2.5 |
Dec 2020 | Jun 2021 |
*Net release of risk provisions
Net up sharply on strong operating income and lower risk costs
YoY net profit reconciliation (EUR mn)
+ 213 %
592
2
147 | 918 | |
154 |
31912
294
1-6 2020 | Operating | Operating | Risk costs | Other result | Taxes on | Minorities | 1-6 2021 |
income | expenses | income |
Capital position remains strong in 2021
Common equity tier one (CET1) capital ratio (CRR, final)
14.2% | 14.2% | |||||||||||
13.5% | 13.7% | |||||||||||
11.2% | 11.4% | 12.0% | 12.8% | 12.9% | ||||||||
9.4% | 10.6% | |||||||||||
8.3% | 9.2% | |||||||||||
Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Jun 2021 |
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Erste Group Bank AG published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 09:58:09 UTC.