The bank posted a solid half-year result while the ‘extraordinarily strong’ net trading and fair value result was attributable primarily to the development of interest rates and the performance of financial markets in recent months, according to chief executive officer Andreas Treichl (pictured).

Erste Group posted a net profit of €731.9m in half-year 2019. Net interest income increased to €2.3 billion compared to €2.2 billion in the prior-year period and although the net trading result improved significantly to €310.1m (1H2018: €11.9m), the line item gains/losses from financial instruments measured at fair value through profit or loss declined to €-140.1m (1H2018: 66.6m), with the development of both line items driven by valuation effects. Erste Group Ban

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