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Erste Group

High Losses for Erste Group Expected

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.

February 28, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-27)

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

February 27, 2012 · Updated: February 27, 2012; 17:56

Austria Discussing Top Banks’ Capital Rules With EU Commission

Austria’s regulators are discussing rules for its top banks that will curb excessive lending in Central and Eastern Europe with the European Commission.

February 25, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-25)

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

February 25, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-22)

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

February 22, 2012 · Updated: February 22, 2012; 17:48

Erste Group Manages Issue of Czech Republic € 2.0bn Bond

The Austrian bank observed good demand for the Czech sovereign bonds offering: total orders of approx. € 3.5bn from over 190 investors.

February 22, 2012

Erste Group Acts as Bookrunner for Miba

The majority of € 75m bond was placed with retail investors in Austria. The offering was 3.5 times over-subscribed.

February 21, 2012

Erste Group: Profitable Hybrid Buyback

Erste Group expected to book pre-tax gain of up to € 300m on hybrid buyback.

February 20, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-20)

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

February 20, 2012

Erste Group to Strenghten its Capital Structure

The Austrian banking group offers to buy back Tier1 and Tier2 securities .

February 17, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-16)

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

February 16, 2012 · Updated: February 16, 2012; 19:07

Vienna Stock Exchange: Winners and Losers (2012-02-10)

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

February 10, 2012 · Updated: February 10, 2012; 15:38

Erste Group Plans Complete Takeover of BCR

The Austrian bank wants to become the sole owner of Banca Commerciala Romana.

February 9, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-08)

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

February 8, 2012 · Updated: February 8, 2012; 18:06

Hungary: 160,000 Loan Takes Convert Foreign Currency Debt

According to the Hungarian Financial market authority, 142,000 Hungarian households repaid foreign currency debt. Further 19,000 are expected.

February 7, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-02)

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February 2, 2012 · Updated: February 2, 2012; 18:18

Losses in Hungary Keep Within a Limit

The deadline for the conversion of Hungarian foreign currency loans expired. Austrian banks think that their provisions are sufficient.

February 1, 2012

Vienna Stock Exchange: Winners and Losers (2012-02-01)

Daily News-Flash of Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.

February 1, 2012 · Updated: February 1, 2012; 18:28

Erste Group Reduces Bondholdings

The Austrian major bank is said to plan sale of covered bonds.

January 31, 2012

Austrians Reduce Savings

At present, Austrians are planning to save € 5,460 (-4.5%). Around 10% of the population plans to finance their purchases by taking out loans and will borrow an average of € 68,800 (-16%).

January 31, 2012

Vienna Stock Exchange: Winners and Losers (2012-01-31)

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

January 31, 2012 · Updated: January 31, 2012; 18:52

New Management Board at BCR

The Supervisory Board of Erste Group´s loss-making subsidiary, Banca Comerciala Romana (BCR), took several decisions regarding the structure of BCR’s Management Board (Executive Committee).

January 27, 2012

Vienna Stock Exchange: Winners and Losers (2012-01-27)

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

January 27, 2012 · Updated: January 27, 2012; 18:08

Telekom: Losses of € 200m Expected

For 2011, Erste Group´s analyst Maria Veronika Sutedja expects high losses for Telekom Austria.

January 25, 2012

S&P Keeps Rating for Erste Group and RZB

After the downgrade of Austrian sovereign bonds two weeks ago, the U.S. rating agency remains its ratings for the two largest domestic banks.

January 25, 2012

Treichl: „S&P Errs Sometimes“

Erste Bank is ‘not guilty’ of Austria’s downgrade, CEO Andreas Treichl says.

January 25, 2012

Erste Group: “Debt Crisis Continues”

According to the Austrian bank, the sovereign debt crisis in the euro-zone remains. Stagnation is expected for the next years.

January 25, 2012

Capital Shortfall at Austrian Banks Could Decrease

Possibly Erste Group and Raiffeisen can lower their capital shortfall. The Austrian Financial Market Authority (FMA) is currently talking to EBA.

January 24, 2012

Vienna Stock Exchange: Winners and Losers (2012-01-23)

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

January 23, 2012

Central Bank Act: Orban Gives In

Hungary waives the planned merger of the Central Bank and the Financial Market Authority. Yesterday, Austria´s Minister of Foreign Affairs visited Orban in Budapest.

January 21, 2012

VBAG No Systemic Bank Anymore

After the sale of VBAG´s subsidiary VBI to Russian Sberbank, the bank will not be systemic anymore, the Austrian Financial Market Authority announced.

January 21, 2012

Erste Group to Support Austrian Bonds

Erste Group considers putting effort in distributing Austrian sovereign bonds to its customers. Attractiveness should be increased, Erste Group says.

January 21, 2012

Vienna Stock Exchange: Winners and Losers (2012-01-20)

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

January 20, 2012

Austrian Banks Hold € 18bn in Foreign Sovereign Bonds

At the end of October 2011, the exposure of Austrian banks in foreign sovereign bonds was € 18.1bn. The largest volumes are invested in Poland and Italy.

January 19, 2012

Treichl: „Erste Could Bear Hair Cut in Hungary“

Andreas Treichl, Erste Group´s CEO, is optimistic for Hungary. A withdrawal of Erste Group is not considered.

January 18, 2012

Erste Group Provides Major Loan to Telekom Serbia

The Austrian bank commits € 140m to Telekom Serbia as part of a recent syndicated loan taken by the company. Erste Group acted as joint mandated lead arranger, underwriter and bookrunner.

January 18, 2012

Vienna Stock Exchange: Winners and Losers (2012-01-16)

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

January 16, 2012

Treichl Does Not Expect Hungarian National Insolvency

In spite of a large exposure in Hungary, Andreas Treichl, Erste Group´s CEO is optimistic. By 2014, Erste Group Hungary should be profitable again.

January 14, 2012

Exit in Hungary Would be Expensive

In case of leaving the Hungarian market, Austrian banks would face enormous costs, says Citigroup.

January 13, 2012

Austrian Banks Must Downsize in Hungary

Erste Group and Raiffeisen Bank International (RBI) must streamline their operations. Nevertheless, a further capital increase could become necessary.

January 12, 2012

Vienna Stock Exchange: Winners and Losers (2012-01-10)

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

January 10, 2012 · Updated: January 10, 2012; 10:17

Hungarian Crisis: BIS Warns Austria Insistently

A collapse of the Hungarian economy would hit Austria very hard, says the Bank for International Settlements (BIS). Austrian Banks have a high exposure.

January 9, 2012

ATX: Andritz Becomes Number 4

The Austrian technology company Andritz could raise its weight in the prime market of the Austrian Traded Index. Erste Group and Raiffeisen lost massively.

January 7, 2012

Austrian Banks Have $ 41.0bn Exposure in Hungary

After another downgrade, a national bankruptcy of Hungary is not excluded anymore. Consequences for Austrian banks would not be foreseeable.

January 7, 2012

Hungary Becomes Fundamental Risk Factor for Austrian Banks

Over the last weeks, fears of a Hungarian bankruptcy grew drastically. The Hungarian Forint has reached a new record low.

January 5, 2012

Hungary: High Losses for Banks

According to the Hungarian banking association, costs for the coerced conversion of foreign currency loans reach about € 952m.

January 4, 2012

CEE Investments Recommended

According to Erste Group, equities to become more attractive in 2012 compared to 2011. Turkey is seen as highly interesting investment location.

January 4, 2012

Erste Group Increased Share Capital

The Austrian bank raised its capital in connection with the agreement to acquire shares in Romanian BCR.

December 30, 2011

Styrian Mining Company Causes Problems for Austrian Banks

The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.

December 28, 2011

Erste Group: Core Shareholder Endangered to Reduce Stake

Erste Group´s main stockholder, the Erste Stiftung, needs 2012 dividend to avoid stake sale.

December 28, 2011
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