UPDATE 1-Erste Bank pretax profit drops on Hungary, Ukraine | Reuters:
"Austria's Erste Group Bank reported a worse-than-expected drop in second-quarter pretax profit on Tuesday after paying hefty taxes in Hungary and selling its Ukrainian unit.
Pretax profit fell to 68 million euros ($90 million) from 241 million euros a year earlier, when it had benefited from one-off effects, missing the average estimate of 80 million euros in a Reuters poll.
Erste, the third-biggest bank in central and eastern Europe after UniCredit's Bank Austria and Raiffeisen , said it expected a slight improvement in the economies of the region in the second half of the year."
'via Blog this'
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