VIENNA (Reuters) – Austrian lender Erste Group said it would set aside up to 230 million euros (£205 million) as a result of a Romanian High Court decision in relation to business activities of its local building society BCR.
“Despite this significant negative one-off effect, Erste Group maintains its outlook for the 2019 financial year – the achievement of a return on tangible equity of above 11%,” the bank said on Tuesday.
(Reporting by Kirsti Knolle; Editing by Michelle Martin)
