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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

32.15EUR
22 May 2019
Change (% chg)

€-0.33 (-1.02%)
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€32.48
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€32.30
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€32.10
Volume
47,570
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801,147
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€38.27
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Latest Key Developments (Source: Significant Developments)

Erste Group Bank Says Supervisory Board Approves New Management Board Team
Thursday, 25 Apr 2019 

April 25 (Reuters) - Erste Group Bank AG ::ERSTE GROUP BANK: SUPERVISORY BOARD APPROVES NEW MANAGEMENT BOARD TEAM.PETR BRÁVEK WILL CONTINUE TO SERVE AS ERSTE GROUP'S COO UNTIL TURN OF YEAR, AFTER WHICH HE WILL TAKE ON COO ROLE AT CESKA SPORITELNA.AS OF 1 JULY 2019, ALEXANDRA HABELER-DRABEK TO BE CO'S CHIEF RISK OFFICER, STEFAN DÖRFLER TO BE CHIEF FINANCIAL OFFICER.GERNOT MITTENDORFER AND JOZEF SIKELA WILL NO LONGER BE MEMBERS OF ERSTE GROUP'S MANAGEMENT BOARD AS OF 1 JULY.PETER BOSEK WILL TAKE ON ROLE OF CHIEF EXECUTIVE OFFICER AT GROUP'S AUSTRIAN BANKING SUBSIDIARY ERSTE BANK OESTERREICH.ANDREAS TREICHL WILL ASSUME CHAIRMANSHIP OF SUPERVISORY BOARD OF ERSTE FOUNDATION, AS OF 1 JAN 2020.AS OF THIS DATE, BERNHARD SPALT WILL SERVE AS CEO OF ERSTE GROUP.  Full Article

Erste Group says negotiations with Romania regarding new tax ongoing
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Erste Group Bank AG ::Erste Group Ceo Says We Are Still Negotiating With Romania Regarding New Bank Tax.Erste Group Ceo Says - With Regard To Romanian Banking Tax - Very Likely That Something Will Be Worked Out.Erste Group Ceo Says Negotiations With Romania Could Drag On Quite A While.Erste Group Ceo Says From Today's Perspective Would Be Pretty Surprised If Dividend For 2019 Would Not Be Higher Than For 2018.  Full Article

Erste Group Bank FY Operating Income Up At EUR 6.92 Bln
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - ERSTE GROUP BANK AG ::SAYS EXPECTS MID-SINGLE DIGIT NET LOAN GROWTH. NET INTEREST INCOME SHOULD THUS INCREASE FURTHER IN 2019.FY NET FEE AND COMMISSION INCOME ROSE TO EUR 1,908.4 MILLION (+3.1%; EUR 1,851.6 MILLION).FY NET INTEREST INCOME INCREASED - MAINLY IN CZECH REPUBLIC AND IN ROMANIA, BUT ALSO IN AUSTRIA - TO EUR 4,582.0 MILLION.FY OPERATING INCOME ROSE TO EUR 6,915.6 MILLION (+3.7%; EUR 6,669.0 MILLION).SAYS NET FEE AND COMMISSION INCOME, IS ALSO EXPECTED TO RISE MODERATELY IN 2019.SAYS SOME POSITIVE MOMENTUM SHOULD AGAIN COME FROM FUND MANAGEMENT AND PAYMENT SERVICES.FY OPERATING RESULT IMPROVED TO EUR 2,734.6 MILLION (+8.9%; EUR 2,510.8 MILLION) AND COST/INCOME RATIO TO 60.5% (62.4%).SAYS OTHER INCOME COMPONENTS ARE EXPECTED TO REMAIN STABLE, BY AND LARGE.SAYS OPERATING INCOME SHOULD CONTINUE TO GROW IN 2019.SAYS OPERATING EXPENSES ARE EXPECTED TO RISE IN 2019.SAYS OPERATING RESULT IS PROJECTED TO RISE IN 2019.SAYS RISK COSTS SHOULD REMAIN LOW IN 2019.COMMON EQUITY TIER 1 RATIO (CET 1, BASEL 3 PHASED-IN) STOOD AT 13.5%.SAYS ROMANIAN BANKING TAX WILL HAVE A NEGATIVE IMPACT ON OTHER OPERATING RESULT IN 2019.  Full Article

Erste Group Bank Sees FY Net Profit Of Around EUR 1.8 Bln
Friday, 25 Jan 2019 

Jan 25 (Reuters) - ERSTE GROUP BANK AG ::EXPECTS NET PROFIT OF APPROX. EUR 1.8BN IN 2018.INCREASE IN OPERATING RESULT TO ABOUT EUR 2.73 BILLION IN FY2018.TO PROPOSE A DIVIDEND OF EUR 1.4 PER SHARE.  Full Article

Erste Group Bank H1 Net Result Up 24 Pct At EUR 774.3 Million
Tuesday, 31 Jul 2018 

July 31 (Reuters) - Erste Group Bank AG ::OPERATING RESULT IMPROVED, NET PROFIT OF EUR 774.3 MILLION IN 1-6 2018.H1 NET INTEREST INCOME INCREASED TO EUR 2,213.8 MILLION (+3.3%; EUR 2,143.0 MILLION).H1 NET FEE AND COMMISSION INCOME ROSE TO EUR 959.3 MILLION (+5.3%; EUR 910.9 MILLION).H1 NET TRADING RESULT DECLINED SIGNIFICANTLY TO EUR 11.9 MILLION (EUR 102.9 MILLION).H1 OPERATING INCOME ROSE TO EUR 3,374.1 MILLION (+2.5%; EUR 3,292.8 MILLION).H1 OPERATING RESULT WAS SLIGHTLY HIGHER AT EUR 1,297.6 MILLION (+0.7%; EUR 1,289.3 MILLION).AIMS TO ACHIEVE A RETURN ON TANGIBLE EQUITY (ROTE) OF MORE THAN 10% IN 2018.H1 NET RESULT ATTRIBUTABLE TO OWNERS OF PARENT INCREASED TO EUR 774.3 MILLION (+24.0%; EUR 624.7 MILLION).AIMS TO ACHIEVE A RETURN ON TANGIBLE EQUITY (ROTE) OF MORE THAN 10% IN 2018 (BASED ON AVERAGE TANGIBLE EQUITY IN 2018).  Full Article

Erste Group Bank: Optional Redemption Of A Series Of Subordinated Notes
Wednesday, 10 Jan 2018 

Jan 10 (Reuters) - Erste Group Bank AG ::PTA-ADHOC: ERSTE GROUP BANK: OPTIONAL REDEMPTION OF A SERIES OF SUBORDINATED NOTES.TO EXERCISE OPTION TO REDEEM IN WHOLE FOLLOWING SUBORDINATED NOTES DUE 2023.TO REDEEM IN WHOLE SUBORDINATED NOTES USD 500,000,000 6.375% FIXED RATE.  Full Article

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

Nov 20 (Reuters) - ERSTE GROUP BANK AG ::‍ERSTE GROUP AND DLL FORM STRATEGIC ALLIANCE TO UNLOCK EUR 17BN CEE LEASING MARKET POTENTIAL​.  Full Article

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

CEE MARKETS-Forint leads easing with central bank seen holding fire

By Sandor Peto and Alicja Ptak BUDAPEST/WARSAW, May 21 Central European currencies eased on Tuesday on global dollar buying, with the forint leading the way on growing expectations that rising inflation will not prompt a tightening of monetary policy in Hungary. The greenback attracted safe-haven buying due to a rise in Treasury yields and amid signs that Asian economies are feeling the pinch from the U.S.-China trade war. Expectations that eurosceptic parties may far