Erste Group’s Annual results 2024: Good performance reflects strong growth in customer business

• Significant increase in customer loans (+4.9%) and deposits (+3.8%)
• NPL ratio in line with expectations at 2.6%
• Banking platform George reaches 10.8 million users

= The banking group’s net profit amounted to 3.1 billion euros (+4.3% y/y)

= Operating profit was 5.9 billion euros. ( + 6.6% y/y)

“Our results show that we are active in Europe's growth region, with two-thirds of our profits coming from our banks in Central and Eastern Europe. The pursuit of prosperity here remains unbroken, despite the strong convergence over the past 20 years. This region is also where future potential lies,” says Peter Bosek, CEO of Erste Group.

Read more in the attached press release.