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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

36.00EUR
14 Nov 2018
Change (% chg)

€-0.22 (-0.61%)
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€36.22
Open
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€36.45
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€35.99
Volume
508,116
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655,485
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€43.14
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€33.81

Latest Key Developments (Source: Significant Developments)

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

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Euro zone's investment banking trio faces 11 billion euro question as ECB raises bar

FRANKFURT The euro zone's top three investment banks are facing an 11 billion euro (9.57 billion pounds) question from their supervisor.