Key Developments: Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

19.32EUR
19 Sep 2014
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€-0.08 (-0.41%)
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Latest Key Developments (Source: Significant Developments)

Erste Group Bank AG confirms FY 2014 guidance-Conference Call
Thursday, 31 Jul 2014 07:59am EDT 

Erste Group Bank AG:Confirmed FY 2014 outlook that was provided on July 3, 2014.FY 2014 EBIT of 2.66 bln Euros and net income of (1.253) bln Euros - Thomson Reuters I/B/E/S.  Full Article

Erste Group Bank AG slightly lowers FY 2014 group operating results; issues FY 2014 net loss guidance below analysts' estimates
Friday, 4 Jul 2014 01:00am EDT 

Erste Group Bank AG:Sees a group operating result, which despite stable underlying group operating trends will be pushed slightly below guidance in 2014 due to weaker operating results in Romania and Hungary.Sees net loss for 2014 of between 1.4 billion euros and 1.6 billion euros.FY 2014 EBIT of 3.357 billion euros - Thomson Reuters I/B/E/S.FY 2014 net income of 571.71 million euros - Thomson Reuters I/B/E/S.  Full Article

Erste Group Bank AG issues FY 2014 operating profit outlook
Friday, 28 Feb 2014 01:30am EST 

Erste Group Bank AG:Anticipates slow start to the year but aims to keep operating profit stable (+/- 2pct) at about 3.1 billion euro in FY 2014.FY 2014 EBIT of 3.447 billion euro - Thomson Reuters I/B/E/S.  Full Article

Erste Group Bank AG to propose dividend for FY 2013
Thursday, 27 Feb 2014 07:00pm EST 

Erste Group Bank AG:Will propose to pay dividend of 0.2 euro per share for FY 2013 and pro rata participation capital dividend.  Full Article

Croatia to Shortlist Erste Group Bank AG and OTP Bank Nyrt for Privatization of Hrvatska Postanska Banka, Powszechny Zaklad Ubezpieczen SA and Adris Grupa dd for Croatia Osiguranje-Reuters
Wednesday, 9 Oct 2013 01:04pm EDT 

Reuters reported that the Croatian finance ministry has drawn up a shortlist of trade buyers in the privatization of insurer and the last local bank in state hands. Croatia, struggling to contain a growing budget shortfall and public debt, has invited investors to express interest in acquiring its 99.13% stake of Hrvatska Postanska Banka (HPB) and about 50% of insurer Croatia Osiguranje (CO). The finance ministry will propose to the cabinet shortlisting Austria's Erste Group Bank AG (Erste Bank) and Hungary's OTP Bank Nyrt (OTP Bank) for the sale of HPB, according to a document posted on the government's website. For the CO stake, it will propose shortlisting Poland's state insurer Powszechny Zaklad Ubezpieczen SA (PZU) and local tobacco and tourist group Adris Grupa dd (Adris), which has said it wants to expand into the insurance sector. The government has said it hopes to earn around HRK 2 billion ($355.97 million) from the sales. CO has a market share of around 35%. The government owns about 80% of the company.  Full Article

Erste Group Bank AG Updates on FY 2013 Outlook
Tuesday, 30 Jul 2013 01:30am EDT 

Erste Group Bank AG announced that it expects the operating result to decline by up to 5% in the fiscal year 2013, due to expected lower operating income only being partially off-set by lower operating cost.  Full Article

Erste Group Bank AG Completes Capital Increase in Amount of EUR 660.6 Million
Thursday, 18 Jul 2013 02:27am EDT 

Erste Group Bank AG announced that it has successfully completed its EUR 660.6 million capital increase that had already been placed in full in an accelerated book-building offer on July 2, 2013, but part of which was still subject to claw-back with respect to exercises of subscription rights during the subscription period from July 3, 2013 to July 17, 2013. In total, 61.1% of the subscription rights have been exercised by existing shareholders and purchasers of subscription rights, which resulted in the subscription of 21,414,044 new shares at the final offer and subscription price of EUR 18.75 per new share. The subscription rights exercised were subscription rights which had not been previously waived by a group of major shareholders of Erste Group, which held combined approximately 37.4% of the Company‚Äôs share capital prior to the capital increase. Hence, 97.6% of the subscription rights not previously waived have been exercised in the capital increase. No further new shares which were allocated to qualified institutional investors by way of an accelerated book-building offer subject to deferred settlement and claw-back on July 2, 2013 will be delivered to such investors; as a result, the claw-back is exercised in full.  Full Article

Erste Group Bank AG Successfully Completes EUR 660.6 Million Accelerated Book-Build Offering Issue
Tuesday, 2 Jul 2013 03:43am EDT 

Erste Group Bank AG (EGB) announced that it has successfully placed 35.2 million new shares, without subscription rights in the subsequent rights offering, in a private placement to institutional investors by way of an accelerated book-build offering with gross proceeds of EUR 660.6 million. EGB has determined the offer price of the accelerated book-build offering and the subscription price for the subsequent subscription offering at EUR 18.75 per share. Existing shareholders of EGB on July 2, 2013 will receive subscription rights in the ratio of four new shares for each 45 shares held. All new shares not committed to be taken up by existing shareholders have been placed in the accelerated book-build offering, with 50% of these new shares subject to claw-back and deferred settlement in case of exercise of subscription rights by those shareholders who have not previously waived their subscription rights. The subscription period for the new shares has been set from July 3, 2013 through July 17, 2013 including. Settlement of the shares sold to investors in the accelerated book-build offering with the exception of the new shares allocated subject to claw-back and deferred settlement is expected to take place on July 5, 2013. The announcement of the results of the subscription offering and the final claw-back will be announced on July 18, 2013. The delivery and settlement of the new shares subject to claw-back and deferred settlement is expected to take place on July 23, 2013.  Full Article

Erste Group Bank AG Launches Capital Increase of Approximately EUR 660 Million
Monday, 1 Jul 2013 11:40am EDT 

Erste Group Bank AG (EGB) announced that it will launch a capital increase of EUR 660 million implemented by way of an offering of new shares consisting of an offering to selected qualified institutional investors by way of an accelerated book-building process (Institutional Pre-Placement) and a subscription offering to existing shareholders. The Institutional Pre-Placement is expected to start immediately and to end on July 2, 2013. The subscription price in the subscription offering will be identical to the offer price determined in coordination with the syndicate of banks based on the results of the book-building process for the Institutional Pre-Placement. The final number of new shares of the capital increase will be determined at the time of pricing of the Institutional Pre-Placement, expected to be on July 2, 2013. The delivery and settlement for new shares acquired in connection with the Institutional Pre-Placement is expected to take place on or about July 5, 2013. The results of the subscription offering and final claw-back of the Institutional Pre-Placement are expected to be announced on July 18, 2013. The delivery and settlement for new shares acquired in connection with the subscription offering is expected to take place on or about July 23, 2013. JP Morgan Securities, Morgan Stanley Bank and EGB are acting as Joint Global Coordinators and Joint Book-Runners, while Commerzbank and ING Bank are acting as Co-Lead Managers on the capital increase.  Full Article

Erste Group Bank AG Plans Capital Increase of about EUR 660 Million-Dow Jones Global Equities News
Monday, 24 Jun 2013 01:56am EDT 

Dow Jones Global Equities News reported that Erste Group Bank AG is planning a capital increase in the third quarter of 2013. The Company said its planned capital increase of approximately EUR 660 million will further strengthen Erste Group Bank AG's capital base so that the Company expects to meet its targeted 10% fully loaded Basel three common equity tier-one ratio by December 31, 2014.  Full Article

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