• Rising customer loan volumes (+2.0%) despite subdued macro environment
• Very stable granular deposit base
• NPL ratio remains at low level of 2.0%
• Strong capitalization: CET1 ratio at 14.5%

The results of Erste Group Bank AG for the first nine months of 2023 are characterized by a significant increase in operating business. Customer loan volumes increased by two percent during the course of the year, mainly due to new lending in the corporate customer segment. Customer deposits grew more strongly, with a year-to-date rise of 5.3 percent. The number of securities savings plans was up one-fifth year-on-year, despite the challenging environment on the stock market. Customer use of digital channels also increased significantly: George now has 9.5 million users across the group and the digital share in overall product sales is well over one-third.

“The overall economic framework has deteriorated significantly during the course of the year. Nevertheless, we were able to increase our loan volumes during the past nine months. The quality of our loan portfolio remains excellent and the proportion of non-performing loans is historically low at around two percent across our markets. Our strong capitalization, good risk performance and continued cost discipline ensure that we will successfully meet the challenges and make use of the opportunities that lie ahead of us,” said Willi Cernko, CEO of Erste Group.