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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

32.32EUR
22 Mar 2019
Change (% chg)

€-0.63 (-1.91%)
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€32.95
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Volume
915,702
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€42.22
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Latest Key Developments (Source: Significant Developments)

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

UPDATE 1-Austria's Raiffeisen looking for acquisitions, committed to Russia

VIENNA, March 13 Raiffeisen Bank International (RBI) said on Wednesday it was considering acquisitions to expand in its main markets and remained committed to Russia, after facing allegations related to a money laundering scandal involving Russian funds.