Huge COVID-19 related risk provision pushed down profit
31/07/20 -"• Loan loss provisions increased from releases of €7m in Q2 19 to expenses of €614m for Q2 20 due to COVID-19 • Net profit decreased by 84% to €59m for Q2 20 • Erste now estimates risk cost in the ..."
Pages
55
Language
English
Published on
31/07/20
You may also be interested by these reports :
02/10/26
We have downgraded our TP on SG following an update of our risk perception on French banks as a result of the deterioration in France sovereign ...
02/10/26
We have downgraded our TP on CASA following an update of our risk perception on French banks following the deterioration in French sovereign credit ...
02/10/26
We have updated our view on BNP, revising our estimates after Q2 publication, downgrading our forecasts over 2027-2028, accounting for deteriorating ...
30/09/26
Should one chase the 5.7% yield that Real Estate dangles? Or forget yield altogether, buy Semiconductors and pray? Below is the pecking order of ...