Jan Zika talks to Česká spořitelna’s CEO about Erste Group 3Q results and outlook

29 Oct

Česká spořitelna’s CEO talks to Jan Zika about Erste Group 3Q results and outlook for the rest of the year. He also comments on the preliminary appointment of Pavel Kysilka as the CEO of Česká spořitelna effective January 2011 and his own appointment to the Board of Directors of Erste Group. — More info (press release): Ceska Sporitelna’s Q1-3 2010 Operating Result Dropped by 1.8% to CZK 19.86 bn (IFRS); Consolidated Net Profit was Down By 11.5% to CZK 8.54 bn As of 30 September 2010, Ceska Sporitelna reported an unaudited consolidated net profit of CZK 8.54 bn, according to International Financial Reporting Standards (IFRS). In a year-on-year comparison, this represents a drop by 11.5%, from CZK 9.65 bn. At the same time, its operating result was down by 1.8%, to CZK 19.86 bn. “Last quarter’s results are grounds for optimism. First, the Q3 2010 Operating Profit (CZK 6.882 bn.) was higher than the one from Q3 2009 (CZK 6.844 bn.). At the same time, risk costs decreased and the peak of their growth is over. Most importantly, and to our great satisfaction, our clients’ trust in us keeps growing, which is reflected in a further increase of their deposits,” said Gernot Mittendorfer, CEO and Chairman of the Board of Directors of Ceska Sporitelna. Highlights of first three quarters result Consolidated, unaudited figures, as of 30 September 2010, calculated according to International Financial Reporting Standards (IFRS). Comparisons are made with the results as of 30 September

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