Croatia's Erste&Steiermaerkische Group 9-mo net profit falls 12.6%

Net interest income at group level fell to 1.57 billion kuna in the first nine months of 2012 from 1.58 billion kuna a year earlier while net fee and commission income decreased to 403.8 million kuna from 452.5 million, Erste&Steiermaerkische Bank said in a statement.

Non-consolidated net profit fell 15.5% to 391.3 million kuna through September.

At the end of September, the bank's total non-consolidated loan book dipped 2.7% on end-2011 to 37.9 billion kuna, the statement said. Total deposits amounted to 31.4 billion kuna at the end of September, down 2.1% on end-2011.

Erste&Steiermaerkische Bank said data of the central bank shows it raised its domestic market share in terms of total lending volume to 14.3% at end-September from 14.1% at the end of 2011.

The group's total assets stood at 65.3 billion kuna at the end of September, up 3.6% on the end of 2011. Non-consolidated assets rose 1.1% from end-2011 to 57.6 billion kuna at end-September.

Alongside the performance of the parent bank, consolidated figures cover Erste DMD, Erste Nekretnine, Erste Delta, Erste Bank a.d., Podgorica, Erste Card Club and Erste Factoring.

(1 euro = 7.5372 Croatian kuna)