UPDATE 1-VISA Europe sale helps lift Erste Group profit above forecast

August 5, 2016 6:37 AM

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

Net profit rose to 567.0 million euros ($631 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 forecast of roughly 560 million euros it issued last month.

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