„I´m Glad That It Is Over“

People ♦ Published: May 15, 2012; 16:16 ♦ (Vindobona)

Andreas Treichl, CEO of Erste Group had to present the first annual loss to the shareholders since its IPO in 1997.

„I´m Glad That It Is Over“ / Picture: © Vindobona.org

At the annual general meeting of Erste Group, CEO Andreas Treichl expressed his regret. For core shareholders, the year 2011 was a “bitter pill”, as there was no dividend. “I am really sorry. This is not advantage to you. But at least you know it.” Treichl said. About 2,000 shareholders attended the meeting.

Last year, Erste Group had to record losses of € 719m. “I am…