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Erste Group
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
Vienna Stock Exchange: Winners and Losers (2011-07-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 19, 2011
Stress Test: Erste Group and Raiffeisen Passed, Volksbank Failed
Volksbanken Group is the only Austrian bank that failed the stress test. Taking into account the measures that are currently being implemented, the core tier I ratio would be above the benchmark.
July 15, 2011
Erste Group Provided Financing for Hospital in Warsaw
The € 32m acquisition financing is the first private hospital financing in CEE of that size which has been closed by Erste Group and also a first in Poland for the bank.
July 15, 2011
Austrian Banks React to ECB’s Interest Rate Decision
The Austria banks quickly passed on the interest rate hike to their customers. Christoph Leitl regards the decision as an impediment for budgetary consolidation.
July 8, 2011
European Stress Test Results to Be Published on July 15
The test performance of 91 participating banks will be available next week. According to Moody’s, Austrian Volksbanken AG is at risk of failing the test.
July 8, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-05)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 5, 2011
Vienna Stock Exchange: Winners and Losers (2011-07-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
July 4, 2011
Erste Group: Delayed Redemption of State Capital
The Austrian bank will not repay the € 1.2bn of participation capital before the end of the month, probably due to the ongoing stress test.
June 24, 2011
Erste Group Manages Bond Issue of Czech Railways
The order book grew in only one hour to € 400m from 60 institutional investors. Approximately 75% have been subscribed by investors from Germany, the Czech Republic and Austria.
June 21, 2011
Fitch Upgrades Individual Ratings of Austrian Banks
The “A” rating of the big Austrian banks has been confirmed. The individual rating of Erste, RBI and Bank Austria was upgraded.
May 25, 2011
Erste CEO Aims to Repay State Capital Before End-June
The Austrian bank is negotiating the terms of refunding € 1.2bn for which it currently pays 8% interest per year.
May 19, 2011
Reactions to Treichl’s Criticism
Treichl’s criticism of Austrian politicians and Basel III rules has sparked a public dispute. WIFO disagrees and calls banks’ attitude “highly provincial”.
May 17, 2011
Erste’s Treichl Says Politicians ‘Cowardly’ on Basel III Rules
Andreas Treichl, CEO of Erste Group, provokes fierce reactions with his criticism of Austrian politicians and new international capital rules.
May 16, 2011
Expansion Plans at Erste Group and Raiffeisen
RBI is drawn increasingly to the Czech Republic, while the Erste Group focuses on the Polish banking market.
May 13, 2011
Radovan Jelasity appointed CEO of Erste Bank Hungary
Radovan Jelasity (43) will join Erste Bank Hungary as of 1 June 2011. Subsequent to the approval of the respective Hungarian authorities, he will be appointed Chief Executive Officer (CEO).
May 10, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-10)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 10, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-09)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-04)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 4, 2011
Erste Group Launches Rising Markets Indices
Erste Group launches Rising Markets Indices for bonds and equities focusing on high-opportunity countries. Country selection based on criteria such as GDP growth, population growth, anti-corruption measures and standard of living.
May 3, 2011
Vienna Stock Exchange: Winners and Losers (2011-05-03)
Daily News-Flash of the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
May 3, 2011
Erste Group Reports Small Profit Increase
Erste Group increases Q1 2011 net profit to € 260.6 m on lower risk costs, despite negative impact from banking taxes.
April 28, 2011
Erste Group: Slight Increase in Profits Expected
UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.
April 27, 2011
Erste Group Wins Lawsuit in Sweden
In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.
April 21, 2011
Capital Requirement of Austria's Banks: € 19bn
According to the Austrian National Bank, domestic banks needed at least € 19bn in equity capital by 2010 to meet capital requirements.
April 21, 2011
Erste Group Manages € 1.00bn increase of Slovak sovereign bonds
Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors
April 18, 2011
Vienna Stock Exchange: Winners and Losers (2011-04-18)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
April 18, 2011
Erste Bank takes over Intermarket Bank
With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.
April 11, 2011
ÖVAG Participates in the Stress Test
Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.
April 9, 2011
Vienna Stock Exchange: Winners and Losers (2011-03-30)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 31, 2011
Weinviertler Sparkasse and Erste Bank to merge
The Merger is planned for September 2011, which is seen as "Logical next move" after the acquisition in 2009.
March 31, 2011
Foreign Capital Inflows Make a Comeback to CEE
Foreign direct investments picked up by 9% in CEE; Czech Republic scored best in attracting FDIs, says Erste Group.
March 30, 2011
Vienna Stock Exchange: Winners and Losers (2011-03-24)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 25, 2011
Ikrath: "Bank Tax Should Fall in 2012"
Once the proposed bank rescue fund is set up, there should be no more national bank tax, says Michael Ikrath from the Sparkassenverband (Savings Banks Association).
March 19, 2011
Hypo Group Starts Sales
The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.
March 19, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-17)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 17, 2011
Upward Trend for Erste Group and Raiffeisen
The two Austrian players rise slightly in the ranking of the world's biggest banks. Erste Group is among the top 100.
March 12, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-07)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 7, 2011
Vienna Stock Exchange: Winners & Losers (2011-03-01)
Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.
March 2, 2011
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