Entering text into the input field will update the search result below

Erste Group Bank's (EBKOF) CEO Andreas Treichl on Q1 2018 Results - Earnings Call Transcript

May 06, 2018 8:55 AM ETErste Group Bank AG (EBKOF)
SA Transcripts profile picture
SA Transcripts

Erste Group Bank AG (OTCPK:EBKOF) Q1 2018 Earnings Conference Call May 4, 2018 3:00 AM ET


Thomas Sommerauer - IR

Andreas Treichl - CEO

Willibald Cernko - Chief Risk Officer

Gernot Mittendorfer - CFO


Anna Marshall - JPMorgan Chase & Co.

Pawel Dziedzic - Goldman Sachs Group

Giulia Miotto - Morgan Stanley

Riccardo Rovere - Mediobanca

Gabor Kemeny - Autonomous Research

Simon Nellis - Citigroup

Victor Galliano - Barclays Bank

Brajesh Kumar - Societe Generale

Johannes Thormann - HSBC

Hadrien De Belle - KBW

Alan Webborn - Societe Generale

Stefan Maxian - Raiffeisen


Good day, and welcome to the Erste Group Results Call for the First Quarter of 2018. Today's conference is being recorded. And now I would like to send the conference over to Thomas Sommerauer. Please go ahead, sir.

Thomas Sommerauer

Thank you very much, operator, and good morning also on behalf of Erste Group to everybody. Today's call will follow our usual procedure with Andreas Treichl, CEO of the Group; Gernot Mittendorfer, CFO; and Willi Cernko, CRO of the Group presenting you the highlights of the past quarter. For this, we will use a presentation that is available for download on our website. And after this, we are available to take and answer your questions.

Before I hand over to Andreas, let me highlight Page number two, the disclaimer on forward-looking statements. And with this, Andreas, please.

Andreas Treichl

Thank you very much. Good morning to everybody. Let's start on Page 4, the result for the first quarter of '18 vis-à-vis 2017. A slight increase on the operating income side, I think, trading down. Net interest income, up. And good performance on the VISA, and we're going to talk about that later. Costs are up by €47 million vis-à-vis the first quarter in 2017, and is due to higher personnel expenses, particularly in the CEE region, given pressure on wages

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.