Erste Group Q2 net profit comes in slightly above guidance

August 5, 2016 6:00 AM

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VIENNA Aug 5 A one-off gain from the sale of it shares in VISA Europe as well as improved business conditions in much of central and eastern Europe helped lift net profit at Austrian lender Erste Group in the second quarter, it said on Friday.

Net profit rose to 567.0 million euros ($631.4 million) in the three months to the end of June from 261.4 million in the same period last year, slightly above the bank's guidance of roughly 560 million euros it issued last month.

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