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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Erste Group Bank and DLL form strategic alliance
Monday, 20 Nov 2017 


Erste Group defends "cautious" outlook, says ROTE target is floor
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Erste Group Bank ::CEO Treichl says target of more than 10 percent ROTE in 2018 is a floor.CEO Treichl says we believe that those 10 percent are hopefully given for us.Treichl says we believe it's appropriate to be cautious on outlook.Treichl says what we are doing now should enable us to reduce our cost base quite substantially from 2019.CFO says believes 13 percent is still right level for fully loaded CET 1 ratio.Treichl says we do not plan to build up capital cushions beyond core capital target, we will pay excess out as dividends.Treichl says we should see increasing dividend payout in coming years.  Full Article

Erste CEO says planned dividend allows for future increases
Friday, 4 Nov 2016 

Erste Group : CEO Treichl says if we make an acquisition it has to have very, very strong upside potential . Treichl says benefits of an acquisition must be weighed against increasing complexity . Treichl says not 100 percent sure that we have excess capital . Treichl says in meetings with ECB, none gave me feeling I have regulatory counterpart that knows what it wants three years from now . Treichl says has feeling of regulatory uncertainty . Treichl says plan for 1 eur dividend reflects wish to create a stable and reliable dividend policy . Treichl says we felt 1 euro per share dividend was right level to allow for constant rising dividend payout Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Hungary, EBRD close deal to buy stakes in Erste local unit
Friday, 12 Aug 2016 

Erste Group Bank AG : Hungary Economy Ministry says has closed deal to buy stake in Erste Bank local unit . Hungary government, European Bank for Reconstruction and Development paid 38.9 billion forints ($139.89 million) each for 15-15 percent stakes in Erste Bank local unit Further company coverage: [ERST.VI] ($1 = 278.07 forints) (Reporting by Gergely Szakacs and Sandor Peto) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

Erste says ECB unlikely to lift capital buffer demands markedly
Friday, 5 Aug 2016 

Erste Group : CEO Treichl says what we are hearing from the ECB and our supervisor is that there will be no significant additional capital demands, might want adjustments on calculation of risk-weighted assets Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Erste Group says has no interest in Poland given political risk
Friday, 5 Aug 2016 

Erste Group : CEO Treichl says we will not make acquisition in Poland at any price given political situation . Treichl says we need to have a stable political environment before we invest . Treichl says have taken about 27 mln in provisions in Q2 for Romanian walk-away law . CFO Mittendorfer says effect of IFRS 9 is manageable . CEO Treichl says keys handed back to us in Romania so far are mainly loans that had been written off anyway Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Erste Bank Hungary earned HUF 31.6 bln profit in H1
Friday, 5 Aug 2016 

Erste Group Bank Ag : Erste Bank Hungary says made 31.6 billion forint ($113.32 million) net profit in first half of 2016 . Erste Bank Hungary says expects revenues to increase in the second half of the year . Erste Bank Hungary expects to close deal on selling stakes to Hungary government and EBRD within weeks . Erste Bank Hungary says stock of corporate NPLs fell to 37 billion forints by end H1 from 116 billion a year earlier Further company coverage: [ERST.VI] ($1 = 278.85 forints) (Reporting by Gergely Szakacs) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

Erste Group says to wait until next results for dividend guidance
Friday, 5 Aug 2016 

Erste Group : Chief Risk Officer Gottschling says hope to manage NPL ratio down a little further until end of year . CEO Treichl says we have not decided yet on dividend proposal for 2016, will not decide before Q3 results . Treichl says we don't believe SREP ratio requirement will change . Treichl says on 2017-2018 we might be a bit more positive than before on NII side, on fee and commission side it will be difficult to show substantial improvement . CFO Mittendorfer says don't expect to see continuing risk releases in H2 . CEO Treichl says difficult to see how we will improve commission income in coming quarters . Treichl says have made plans for maximum dividend of 1.10 euros, but that doesn't mean that is what we will propose . Treichl says stress test results don't change anything for us Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Erste Group Bank expects Q2 net profit of about EUR 560 mln
Thursday, 14 Jul 2016 

Erste Group Bank AG :Expects to post net profit of about 560 million euros ($622.44 million) in Q2 16.  Full Article

Uniqa Versicherungsverein Privatstiftung sold shares in Erste Group Bank at 22.50 euros/share - Bookrunner
Tuesday, 7 Jun 2016 

: Uniqa Versicherungsverein Privatstiftung sold 17.4 million shares in Erste Group Bank to investors at price of 22.50 euros per share - Bookrunner Further company coverage: [ERST.VI] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

CEE MARKETS-Forint touches new 2017 low after Nov inflation data

BUDAPEST, Dec 8 Hungary's forint touched its lowest level for the year on Friday after November inflation data signalled no imminent change to maintaining the central bank's ultra-loose monetary policy stance. At 0918 GMT, the forint was a touch weaker on the day, rebounding from a 2017 low of 315.18 versus the euro. Hovering around the key 315 line, the forint has extended its losses for the year and is underperforming both the Polish zloty and the Czech crown . Anal