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Erste Group
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
Erste Group: Capital Shortfall to be Covered by Profits
The new equity requirements will be fulfilled, Erste Group´s CEO Treichl says. The capital shortfall amounts to € 743m.
December 27, 2011
Fitch Calls for Higher Capitalization of VBAG, Raiffeisen, Erste
The Austrian banks’ viability ratings are under pressure due to low capitalization and the banks’ exposure to CEE.
December 21, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-20)
Daily News Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 20, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-19)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 19, 2011
Foreign Currency Loans: Austrian Banks Appreciate Hungarian Decision
Austrian banks reacted positively to the announcement of the Hungarian government to participate in costs for the conversion of foreign currency loans.
December 19, 2011
Changes to the Management Board of Erste Group
The Supervisory Board of the Austrian bank took several personnel decisions that concern the holding company as well as the subsidiaries in Hungary and Romania.
December 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-14)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 14, 2011 · Updated: December 14, 2011; 18:29
ATX: Erste Group is Optimistic
After a 36% decrease in 2011, Erste Group´s analysts state that the Austrian Traded Index has an upside potential up to 2,100 points in 2012.
December 14, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-13)
Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 13, 2011
Erste Group Increases Stake in BCR to 82%
In connection with the implementation of agreements with the Romanian SIFs, Erste Group has acquired a further approx. 7% stake in BCR against cash and issuance of new shares.
December 12, 2011
Treichl: „9% Quota Is Adequate“
The CEO of Erste Group, Andreas Treichl, is optimistic to achieve the prescribed 9% tier 1 capital quota by mid-2012.
December 10, 2011
Nowotny Attacks EBA
The Governor of the Austrian Central Bank (OeNB), Ewald Nowotny, criticizes the high speed which EBA requires from banks to build up equity capital.
December 9, 2011
Erste Group: Drastic Cut in Hungary
The Austrian bank cuts 450 jobs in Hungary. However, Erste Group emphasizes to stay in Central and Eastern Europe.
December 9, 2011
Reduced, But Still High Shortfall at Austrian Banks
EBA shortfall for RZB Group set at approximately € 2.1bn, for Erste Group at € 0.74bn. However, the initial shortfalls were reduced for RZB.
December 8, 2011
Rising Finance Requirements Due to Increase in Investments
According to the Erste Bank’s forecast on savings and loans, the average financing amount in Austria amounts to € 81,800.
December 7, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-03)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
December 3, 2011
S Immo Announces Changes in Shareholding Structure
The Austrian real estate company S Immo clarifies that the two core shareholders still remain in S Immo and hold a threshold beyond 9% each.
December 3, 2011
Vienna Stock Exchange: Winners and Losers (2011-12-02)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
December 2, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-30)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 30, 2011
Erste Group Buys Remaining Shares in Romanian BCR
The Austrian bank has reached an agreement with the last one of five regional investment funds to acquire its stake of 6%.
November 30, 2011
Management Board Salaries Increased by 13.2% in 2010
Salaries for a company’s board members totaled € 3.4m, while compensations for supervisory board members amounted to € 182,000 on average.
November 29, 2011
Stock Swap at Erste Group
The Austrian bank increases its stake in the Romanian BCR by 6.23% against cash and issuance of new shares
November 28, 2011
Treichl to be Confirmed as CEO
Erste Group´s CEO Andreas Treichl will extend his function at the Austrian major bank.
November 26, 2011
Austrian & CEE Investor Conference 2011 in New York
15 companies from Austria and CEE will participate in the conference on 28 November.
November 25, 2011
Financial Market Authority Terminates Inquiry Against CEO of Erste Group
The head of the Austrian bank group had been accused of balance sheed fraud. A second investigation for alleged market manipulation is still ongoing.
November 24, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-24)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 24, 2011
Austrian Minister of Economics Criticizes Hungary
On the occasion of a bilateral meeting between the Hungarian and the Austrian Minister of Economics Reinhold Mitterlehner repeated his critics regarding Hungarian foreign currency loans.
November 21, 2011
Austrian Central Bank Calls for Rise in Equity for Banks
The Austrian Central Bank (OeNB) prescribes Austrian banks to raise their equity base. By 2016, a further capital base of 3.0% is required.
November 21, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-21)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 21, 2011
Increasing Capital Requirements for Austrian Banks
The Austrian Raiffeisen Bank International (RBI) needs to raise its equity base by € 2.5bn instead of € 1.9bn, the bank supervision claims.
November 19, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-17)
Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.
November 17, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-15)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 15, 2011
Vienna Stock Exchange: Winners and Losers (2011-11-08)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
November 8, 2011
Hungary Rejects Further Bank Charges
Contrary to its initial plans, Hungary will not resolve further aid measures for domestic loan takers. The government is seeking for cooperation with concerned banks.
November 5, 2011
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