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Erste Group

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

Credit Crunch in CESEE?

Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.

June 27, 2012

Austrian Banks Affected by European Crisis

Bank Austria´s CEO Willibald Cernko still believes in the common currency. Last year, earnings went down by 14.6%.

June 26, 2012

Treichl: „Europe Does Not Need the Euro“

Andreas Treichl, CEO of Austrian Erste Group thinks that the European Union would work very well without the common currency. A common army would be more important.

June 25, 2012

NPL of € 100bn in CEE?

The chairman oft he Viennese Chamber of Labor Werner Muhm asserts that Austrian banks hold non-perfoming loans in CEE ountries. Austrian banks rejected Muhm´s statement.

June 23, 2012

Erste Pursues Downsizing Strategy in Romania

Last month, the Austrian Erste Group closes about 25 bank branches of BCR in Romania.

June 21, 2012

Fitch: Positive Statements for Austrian Banks

For the U.S. rating agency, the lending activities of Austrian banks in Eastern Europe is only a minor risk factor.

June 19, 2012

Vienna Stock Exchange: Winners and Losers (2012-06-19)

Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Analyzes and Comments.

June 19, 2012

Vienna Stock Exchange: Winners and Losers (2012-06-18)

Daily News Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.

June 18, 2012

Orban Defends Hungarian Economic Policy

The Hungarian Prime Minister Viktor Orban met Austrian policymakers in Vienna. The Hungarian bank tax should be replaced by a financial transaction tax.

June 13, 2012

Erste Group Manages Bond Issue in Poland

Poland new long 10-year sovereign bond issue had a volume of € 1.5bn. The issue was more than 2x over-subscribed.

June 12, 2012

Austrian Banks Perform Well in Eastern Europe

The Austrian banks did not overreach themselves in Eastern Europe, the economist Bernhard Felderer says. By contrast, UniCredit, RBI and Erste Group are highly profitable.

June 11, 2012

Austrian Banks Cut Exposure in Spain

Erste Group, Raiffeisen Bank International (RBI) and KA Finanz have the highest exposure among Austrian banks.

June 11, 2012

Moody´s Warns Austria of Another Downgrade

The U.S. rating agency may downgrade European AAA-countries like Austria, Germany or France soon.

June 9, 2012

„There´s no Crisis in Eastern Europe“

Austrian economists and bankers do not comprehend the downgrade by Moody´s. The risk in Eastern Europe would be more differentiated, OeNB´s governor Nowotny said.

June 8, 2012

Vienna Stock Exchange: Winners and Losers (2012-06-08)

Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Analyzes and Comments.

June 8, 2012

Downgrade for Austrian Banks

The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.

June 6, 2012