Erste's Croatian subsidiary boosts net profit by 55% in 2023

By bne IntelliNews March 19, 2024

Croatia's Erste Bank, a subsidiary of Austria's Erste Group, announced a consolidated net profit of €241mn for 2023, marking a 55% increase from 2022's figure of €156mn. 

The net interest income surged to €410mn in 2023, up from €282mn in 2022. Net revenue from commissions and fees also saw growth, rising to €125mn from €117mn.

As of December, Erste Bank's overall assets amounted to €13.3bn, marking a 2.7% decrease year on year. 

Meanwhile, the group's total assets, including subsidiaries such as Erste S-Leasing, Erste Nekretnine, Erste Bank AD Podgorica in Montenegro, Erste Card Club group, Erste Group IT HR, and Izbor Nekretnina, stood at €14.8bn, marking a 1.5% decline compared to end-2022.

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