July 31, 2014 / 5:51 AM / in 3 years

Erste Group swings to H1 loss of 929.7 mln euros

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VIENNA, July 31 (Reuters) - Austria's Erste Group Bank swung to a first-half loss of 929.7 million euros ($1.25 billion) as it booked impairment charges and set aside 130 million euros for a Hungarian law forcing banks to compensate customers for mispriced loans.

It reiterated on Thursday its outlook after emerging Europe's third-biggest lender warned on July 3 that fresh hits from Hungary and Romania will push it to a record 2014 net loss of up to 1.6 billion euros.

$1 = 0.7465 Euros Reporting by Michael Shields; Editing by Ryan Woo

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