Erste Group

Vienna Stock Exchange: Winners and Losers (2012-03-19)

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

March 19, 2012

Bawag to Refund Bank Aid in 2014 by Earliest

The U.S. owned bank was the only one in Austria which could increase its profits last year. The restructuring is successfully completed.

March 17, 2012

Vienna Stock Exchange: Winners and Losers (2012-03-17)

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March 17, 2012

Vienna Stock Exchange: Winners and Losers (2012-03-15)

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March 15, 2012 · Updated: March 15, 2012; 19:03

No Credit Crunch in CEE

Western European banks maintain the liquidity of their subsidiaries in Central and Eastern Europe. The equity provision is better than expected.

March 14, 2012

Austrian Supervisory Authority Published Guideline For Banks

The Austrian Financial Market Authority (FMA) has published a supervisory guideline to strengthen the sustainability of the business models of large internationally active Austrian banks.

March 14, 2012

Vienna Stock Exchange: Winners and Losers (2012-03-12)

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March 12, 2012

EBA Does Not Accept Participation Capital as Equity

Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.

March 8, 2012

Vienna Stock Exchange: Winners and Losers (2012-03-07)

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March 7, 2012 · Updated: March 7, 2012; 19:41

Vienna Stock Exchange: Winners and Losers (2012-03-06)

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March 6, 2012 · Updated: March 6, 2012; 18:39

Erste Group Has € 150m Gain Through Hybrid Buyback

Erste Group Bank AG, Eastern Europe’s second-biggest lender, said it has agreed to buy back € 828.3m ($ 1.1bn) of hybrid securities to boost net income and capital.

March 6, 2012

Drastic Decrease in Stock Market Turnover

In February, stock market turnover was down by 28% at Vienna Stock Exchange. In January, trade decreased by 35% compared to January 2011.

March 2, 2012

Vienna Stock Exchange: Winners and Losers (2012-03-02)

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March 2, 2012 · Updated: March 2, 2012; 14:45

Vienna Stock Exchange: Winners and Losers (2012-03-01)

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March 1, 2012 · Updated: March 1, 2012; 18:05

Vienna Stock Exchange: Winners and Losers (2012-02-29)

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February 29, 2012 · Updated: February 29, 2012; 18:26

Erste Group Returns to Profitability

In 2011, Erste Group registered losses of € 718.9m, which is less than initially expected. The fourth quarter was in the profit zone again.

February 29, 2012

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)

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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)

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February 25, 2012

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

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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)

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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)

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

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

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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)

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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

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

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

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

Erste Group Reduces Bondholdings

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

January 31, 2012

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

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

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

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)

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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)

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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)

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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