Erste Group Bank AG reported strong income growth but saw profits fall due to increased costs.

In the first quarter of 2025, Erste Group Bank AG reported strong growth in net interest and fee income, up 1.1% and 9.5% year-on-year, respectively, despite a 5.1% drop in net result to €743 million. The increase in costs, mainly personnel expenses and IT costs, contributed to a 3.2% decrease in operating result. Loan volumes grew 5.8% year-on-year to €220.1 billion, and deposits increased 4.6% to €246.1 billion. The bank's CET1 ratio stood at 16.2%, exceeding its 14% target.