By Sarah Sloat

Erste Group Bank AG said Friday that net profit in its second quarter rose, helped by an improving overall economic environment.

Net profit for the period was 562.9 million euros ($669.2 million) compared with EUR58.5 million in the same period a year earlier, the Austrian bank said. Operating profit of EUR962.4 million was higher than the EUR805.4 million it had a year earlier.

"We are cautiously optimistic for the year 2021 as a whole, even as we are aware that much depends on the further course of the pandemic and its medium-term impact on the economy," the bank said.

Write to Sarah Sloat at sarah.sloat@wsj.com

(END) Dow Jones Newswires

July 30, 2021 02:04 ET (06:04 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
Ersta Group Bank (PK) (USOTC:EBKDY)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ersta Group Bank (PK) Charts.
Ersta Group Bank (PK) (USOTC:EBKDY)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ersta Group Bank (PK) Charts.