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Erste Group reports Q1 beat thanks to recovery in main markets

April 30 (Reuters) - Austrian bank Erste Group reported better-than-expected first-quarter profit as recovery in central and eastern Europe economies allowed it to reduce risk provisions.

Austria’s largest bank, which operates in eastern Europe and its home market of Austria, said its first-quarter net profit came in at 335 million euros ($405.85 million), above analysts’ average forecast of 305 million euros, based on Refinitiv data.

The Vienna-based group added it recorded significant deposit inflows and solid lending growth across all of its markets. ($1 = 0.8254 euros) (Reporting by Zuzanna Szymanska in Gdansk Editing by Tomasz Janowski)

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