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Erste Group
CESEE: Economy Slows Down Further
CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.
January 7, 2013
CESEE Equity Market: Upside Trend after Slow Start
Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013
Equity Market: Erste Group Cautiously Optimistic
Earnings are expected to grow again, but vulnerabilities remain. The global debt crisis remains unsolved, Erste Group says.
December 29, 2012
Favorable Economic Outlook for Croatia
After a severe setback since 2009, the country is expected to register substantial growth rates again, Erste Group says. Above all, the EU accession is expected to boost the country´s economy.
December 28, 2012
Outlook: Europe Remains Under Threat
The European debt crisis will remain a major issue, Austrian Erste Group says.
December 28, 2012
Automotive Industry in CESEE Region Booms
According to an analysis issued by Austrian Erste Group, every fourth car produced in the EU in 2013 will be "Made in CEE".
December 28, 2012
Erste Group Withdraws from Ukraine
Austrian Erste Group enters into an agreement to sell Erste Bank Ukraine.
December 20, 2012
“CEE Strong Than Western Eurozone”
Erste Group publishes its Outlook Stock Markets and Vienna Stock Exchange 2013. The Sovereign debt remains the biggest problem, Erste Group says.
December 19, 2012
Erste Group: Massive Cuts in Romania
Due to the weak performance of BCR, the Austrian bank plans to lay off 1,600 employees in Romania. BCR´s NPL quota remains on a high level.
December 18, 2012
Austria: Savings Decline
Erste Bank Savings and Credit Outlook: 60% of Austrians say “The European debt crisis doesn't affect my personal finances”.
November 26, 2012
Treichl: Austria Should Cooperate with CEE Countries
Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.
November 16, 2012
Erste Group Best Private Bank in Central & Eastern Europe 2012
Due to centralized strategy combined with extensive regional know-how, Erste Group Private Banking substantially expanded its client base, managing assets worth around EUR 15bn across CEE.
November 9, 2012
Slovak Bond Yields at Record Low
Erste Group successfully placed € 1.25 bn 12-year benchmark Slovak government Eurobond at record low yield of 3.375%. New issue amassed € 2.1 bn order book across 140 investors.
November 8, 2012
CEE Deleveraging Remains Moderate
Austrian, German and Italian banks kept lending to CEE6 (except Hungary) relatively stable. Shifts in foreign capital structure and allocation from private to public sector might pose risks to future growth.
November 8, 2012
Erste Group Supports Romanian BCR
The Austrian bank Erste Group injects € 111m in Romanian BCR.
November 7, 2012
Erste Group Surprises With High Net Income
The Austrian bank posts a net profit of € 597.3m and stable operating result in the first nine months of 2012.
October 30, 2012
Erste Group´s Earnings Expected to Increase
The Austrian banking group will present its figures for the third quarter tomorrow. Net income is forecasted to improve.
October 29, 2012
Saving in CEE Becomes More Important
Poles and Slovaks are CEE's savings champions, putting aside 15% resp. 12% of their monthly income. Austrians, Germans and Czechs follow suit with 9%.
October 29, 2012
FMA: „Austria is Open to Blackmail by Banks”
Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.
October 23, 2012
Hungarian Tax Plans: Austrian Banks Annoyed
Because of the pressing need to reduce the budget deficit, Hungary´s government decided not to lower the bank tax. Moreover, the financial transaction tax will be doubled.
October 18, 2012
Debt Crisis Weighing Down on Euro Zone more than on US
According to Austrian Erste Group Research, the economic development in the Eurozone remains subdued.
October 17, 2012
S&P: Eastern Subsidiaries of Austrian Banks Most Become More Independent
The U.S. rating agency criticizes that Austrian banks are still weakly capitalized. The economic crisis caused a massive withdrawal of funds in Eastern Europe, S&P says.
October 11, 2012
Alpine Needs Help from Banks
The Austrian construction company faces liquidity constraints. Talks with banks were started already.
October 11, 2012
Austrians save € 170 per month
For 82% of Austrians the savings passbook accounts are the top choice, but their appeal is gradually waning. Satisfaction with one’s savings performance is growing
October 11, 2012
Erste Group to Sell Ukrainian Subsidiary
This year, the Austrian bank plans to sell its Ukrainian business segment. Erste Group entered the Ukraine in 2006.
October 8, 2012
Erste Group Achieves 9.9% Capital Ratio
Erste Group comfortably meets the EBA capital requirement:capital ratio reached 9.9% as of June 2012 (excluding retained earnings).
October 4, 2012
Austrian Banks Meet Substantially Increased Capital Requirements
EBA exercise to strengthen capital positions of large European banks concluded: Erste Group Bank AG and Raiffeisen Zentralbank AG meet the increased Capital Requirements, Austrian National Bank announces.
October 3, 2012
Erste Group´s Core Shareholder Sells 14 million Shares+
Erste Stiftung, the core shareholder of Austrian Erste Group, remains the biggest shareholder, though.
October 2, 2012
Austrians Show Lack in Financial Knowledge
Almost two-thirds of Austrians believe they have knowledge gaps. 54% think that what is taught at school about money is not enough.
September 20, 2012
Erste Group Expects Higher Equity Quota
The Vienna-listed Erste Group expects that a new minimum equity quota will be prescribed in 2013.
September 12, 2012
S&P Criticizes Weak Capital Base of Austrian Banks
According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.
September 7, 2012
Goldman Sachs Lowers Expectations for Austrian Banks
The U.S. investment bank anticipates decreasing earnings.
August 27, 2012
Foreign Currency Loans Decrasing
Foreign currency loans: One quarter of all Erste Bank customers have converted or switched loans with payment vehicles.
August 17, 2012
Hungary: Erste Group Expands
The Austria major bank purchases the private banking segment of BNP Paribas in Hungary.
August 9, 2012
East European Banking Industry Shows Ambiguity
For West European banks, their subsidiaries in Eastern Europe are either highly problematic or the cash cows.
August 8, 2012
Verbund: Erste Group Pessimistic
The Austrian energy company is expected to record lower earnings in the coming years.
August 7, 2012
Austrians Tend to Save Less
Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.
August 7, 2012
Erste Group: Concerns Despite Profits
Yesterday, the Austrian banking group published its results for the first half year. The business in Romania, Hungary and Ukraine causes worries.
August 1, 2012
Erste Group Burdened by Losses in Eastern Europe
Despite losses in Romania, Hungary and Ukraine, Erste Group posts a net profit of € 453.6m in first half of 2012.
July 31, 2012
Banking Industry: Slower Growth Expected
Due to the weak results in Eastern Europe, the Austrian banking industry faces only decent net income figures in the second quarter of 2012.
July 30, 2012
Decrease in Building Saving May Increase Rents
In Austria, the popularity of building saving declined in the first half year of 2012. In a few years, funds for the residential building market may be insufficient.
July 27, 2012
Outlook 2012: „ATX moderately positive in 2012“
Erste Group: „Environment to remain volatile; relatively low debt in Austria and CEE and yields on Austrian government bonds confirm save haven“.
July 21, 2012
Erste Group Enters Bulgarian Property Market
Todor Alexandrov Offices in Sofia developed by Erste Group Immorent AG are ready for occupation.
July 18, 2012
Consolidation in CESEE Banking Industry Ahead
The Austrian Central Bank (OeNB) expects a wave of takeovers in the banking industry in Central, Eastern and Southeastern Europe. Many banking groups will withdraw from there, OeNB says.
July 13, 2012
Austrian Banks Fulfilled EBA Requirements
The European Banking Authority published today an overview report on the implementation of the capital exercise. The vast majority of the banks in the sample meet the required ratio of 9% Core Tier 1 (CT1).
July 11, 2012
Performance of Austrian Banks Remarkably Down
Austria seems to be significantly „overbanked“: Austrian banks only achieve a 0.1% yield on the capital employed.
July 9, 2012
Massive Decrease in Turnover at Vienna Stock Exchange
In June, turnover fell by 50%. This is the lowest turnover since 2003. RCB recorded the second-highest turnover figure behind Deutsche Bank.
July 7, 2012
Red Bull Remains Austria´s Most Expensive Brand
The energy drink producer has Austria´s most valuable brand. Red Bull´s brand value was up by 3.9% and reached € 13.93bn.
July 4, 2012
CESEE: Poland and Turkey are Hot Spots
Erste Economic Sentiment Indicator CEE: stock market expectations weaker, but still ahead of Eurozone. Turkey and Poland remain the preferred investment regions.
July 4, 2012
Erste Group Lays Cornerstore for New Headquarters
In 2016, Austrian Erste Group will get a new headquarters. 20 different offices will move to the new central headquarters at the Viennese Central Station.
June 27, 2012
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