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Erste Group

Greek Haircut Would Cost Another € 350m

Austrian banks still have a substantial exposure in Greece. A haircut up to 60% seems possible. Then, another € 350m would have to be written off.

October 18, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-18)

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

October 18, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-17)

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

October 17, 2011

Erste Bank Hungary Opens Home Savings Bank

According to Imre Szatno. the deputy head of retail division of Erste Bank in Hungary, quoted by Budapest Business Journal, the Erste Group has launched its own home saving bank.

October 17, 2011

Erste Group Increases Stake in BCR

The Austrian Erste Group further expands in the difficult Romanian market. Erste Group will hold 94% in BCR then.

October 15, 2011

Erste Group Signs Facility Agreement with Ukrainian Energy Holding

The Austrian bank extends an existing credit facility for DTEK from € 50 to € 100m with a maturity of three years.

October 14, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-13)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

October 13, 2011

Austrians Save € 168 per Month

With a share of 86%, the savings passbook is still the most popular form of saving while the interest in ecological, ethical and social investments is growing steadily.

October 12, 2011

„Austrian Banks Are Robust“

Ewald Nowotny, the head of the Austrian Central Bank (OeNB) as well as the Minister of Finance, Maria Fekter, appreciate the announcement of Erste Group.

October 11, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-11)

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

October 11, 2011

RBI: „There Is No Reason to Write Off“

After Erste Group has published its highly negative forecast for 2011, Raiffeisen Bank International came under pressure. RBI underlines that its risk is not comparable to that of Erste Group.

October 10, 2011

Surprising Write-Offs at Erste Group

Due to write-offs in Hungary and Romania, Austrian Erste Group reports a net loss of about € 920 - 970m in the first three quarters of 2011.

October 10, 2011

Erste Bank to Keep State Capital Into 2012

According to Bloomberg, Erste Group Bank, Austria’s biggest lender, may not repay € 1.2bn in state aid until 2012.

October 8, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-07)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

October 7, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-06)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

October 6, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-05)

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

October 5, 2011

Upward Trend in CEE Real Estate Market

Erste Group: “CEE Real Estate stocks with upside potential of 15%, profitability lags behind”. The upward trend in CEE is driven by low vacancy, strong occupier demand and low pipeline.

October 3, 2011

Erste Group´s CEO: „The Situation is Serious“

Andreas Treichl, CEO of the Austrian Erste Group considers to delay the repayment of the Bank Aid.

October 1, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-30)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

September 30, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-27)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

September 27, 2011

Level of General Financial Education in Austria “Not Satisfactory”

Latest survey shows: 4 in 10 Austrians don’t even know where to start when defining term “interest”.

September 27, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-26)

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

September 26, 2011

“Austrian Exports to Turkey to Double“

According to the Austrian Chamber of Commerce in Istanbul, Austrian companies could benefit strongly from the persisting economic boom in Turkey.

September 26, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-23)

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

September 23, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-21)

Daily News-Flash from the Stock Exchange: Upgrades & Downgrades, Winners & Losers.

September 21, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-20)

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

September 20, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-19)

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

September 19, 2011

S&P: „Austrian Banks Undercapitalized“

The rating agency Standard & Poor´s (S&P) sees a substantial undercapitalization for Austrian banks. The recommended rist-adjusted capital quota is 8%, Austrian banks are below.

September 19, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-16)

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

September 16, 2011

Erste Group: BCR Needs Capital Boost

The Austrian bank’s Romanian subsidiary may need additional capital due to high risk costs and the overall economic situation.

September 16, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-15)

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

September 15, 2011

Erste Group Increases Stake in Romanian BCR

The Austrian bank enters into agreement with four regional investment funds to acquire a further 24.12% in its Romanian subsidiary.

September 14, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-13)

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

September 13, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-09)

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

September 9, 2011

Bank Aid Package is a Loss for Austria

For the Austrian Republic, the recapitalization measures for Austrian business banks is a losing deal. Losses amount to € 237m.

September 7, 2011

Slow Growth for CEE Telecom Sector Expected

Austrian Erste Group: “Seasonality and mobile data growth as key driver in H2 2011. The industry continues to struggle from slow consumer and public spending – Stabilisation to be expected in 2012.”

September 7, 2011

Vienna Stock Exchange: Winners and Losers (2011-08-22)

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

August 22, 2011

Forecast on Savings and Loans Trends: Austrians Invest € 5,670 on Average

Savings passbooks remained the most popular form of saving in Austria. The average loan volume dropped from € 70,200 to € 62,000.

August 17, 2011

Erste Group not Interested in Polish Bank Millenium

The Austrian bank continues looking for opportunities to expand into Poland after it has ruled out an acquisition of Bank Millenium.

August 16, 2011

Vienna Stock Exchange: Winners and Losers (2011-08-05)

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

August 5, 2011

Erste Group Strives for Full Control over Romanian BCR

The Austrian bank does not want its Romanian subsidiary to be listed at the stock exchange although it was a condition for the privatization.

August 4, 2011

Erste Group Planning New Branch Concept for Czech Republic

The Austrian bank’s Czech subsidiary is working on a modern concept which will be targeted at new customer groups.

August 3, 2011

Vienna Stock Exchange: Winners and Losers (2011-08-01)

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

August 1, 2011

Erste Group Increased Net Profit from January to June

The Austrian bank’s results were burdened by bank taxes in Austria and Hungary. Net profit was up 5.2%, based on a solid operating result and lower risk costs.

July 29, 2011

Erste Bank Fixed the Takeover of Intermarket Bank

Erste Bank took over 56% in Austria’s largest factoring bank from the Polish subsidiary of Commerzbank and will acquire another 10% from Coface.

July 28, 2011

Austrians Still Prefer Building Society Savings

Erste Group’s s Bausparkasse benefits from the continuing trend. The amount of new lending increased by almost 25% year-on-year.

July 27, 2011

Vienna Stock Exchange: Winners and Losers (2011-07-25)

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

July 25, 2011

Vienna Stock Exchange: Winners and Losers (2011-07-21)

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

July 21, 2011

Credit Costs to Rise in the Wake of Basel III

The new regulatory requirements are expected to increase the cost of credits and to reduce the Austrian banks’ profitability.

July 20, 2011

“Capital Gains Tax Has a Strong Negative Effect on Private Investment Volumes”

Erste Group Research expects a moderately positive performance for the ATX in the second half of 2011. Top picks: OMV, RHI, Immofinanz, voestalpine, AMAG, Kapsch, Polytec, AT&S.

July 20, 2011
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