High Losses for Erste Group Expected

Businessn.a. ♦ Published: February 28, 2012; 18:57 ♦ (Vindobona)

Although Erste Group has to report high losses for its financial year 2011, analysts are optimistic for 2012. Business in Romania and Hungary is expected to improve.

High Losses for Erste Group Expected / Picture: © Erste Group / Helmut Lackner

Tomorrow, Wednesday, Austrian Erste Group will publish its results for 2011. Analysts of RCB (Raiffeisen Centrobank), Berenberg Bank and UBS anticipate high losses.

None of the analysts sees problems to fulfill the equity requirements by EBA. Until June, major banks have to reach a 9.0% tier-1 equity capital quota.

On average, RCB, Berenberg Bank and UBS estimate interest…