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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Erste Group says cool on mergers, no promises on future dividends
Tuesday, 28 Feb 2017 04:25am EST 

Erste Group Bank : CFO says regulator increased CET 1 requirement for Slovakia, which prompted goodwill reduction there . CEO Treichl says increasing dividend in coming years is our aim, likely it can happen . CEO Treichl says we cannot give any assurance on paying higher dividends for the moment . CFO says we feel quite well covered for risk in Romania . CEO Treichl says I don't think regulatory uncertainty is going to go away this year . Treichl says M&A increases complexity and we want to reduce complexity, so any deal would have to be really attractive . Treichl says there are a couple of interesting things but price and timing of any deals would have to be extremely good Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Erste Group Immorent sells Enterprise Office Center in Prague
Friday, 25 Nov 2016 08:51am EST 

Erste Group Bank AG :Erste Group Immorent sells Prague’s Enterprise Office Center in 110 million euros ($116.59 million) transaction.  Full Article

Erste says has reached its target levels of capital
Friday, 4 Nov 2016 05:11am EDT 

Erste Group : CEO Treichl says in conference call we have reached capital levels we would like to have, hope regulators don't change their view . Treichl says in conference call there is an upside potential to dividend payout . Treichl says "not so sure" whether bank would want to expand in Serbia Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Hungary, EBRD close deal to buy stakes in Erste local unit
Friday, 12 Aug 2016 05:06am EDT 

Erste Group Bank AG : Hungary Economy Ministry says has closed deal to buy stake in Erste Bank local unit . Hungary government, European Bank for Reconstruction and Development paid 38.9 billion forints ($139.89 million) each for 15-15 percent stakes in Erste Bank local unit Further company coverage: [ERST.VI] ($1 = 278.07 forints) (Reporting by Gergely Szakacs and Sandor Peto) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

Erste says ECB unlikely to lift capital buffer demands markedly
Friday, 5 Aug 2016 05:41am EDT 

Erste Group : CEO Treichl says what we are hearing from the ECB and our supervisor is that there will be no significant additional capital demands, might want adjustments on calculation of risk-weighted assets Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Erste Group says has no interest in Poland given political risk
Friday, 5 Aug 2016 04:15am EDT 

Erste Group : CEO Treichl says we will not make acquisition in Poland at any price given political situation . Treichl says we need to have a stable political environment before we invest . Treichl says have taken about 27 mln in provisions in Q2 for Romanian walk-away law . CFO Mittendorfer says effect of IFRS 9 is manageable . CEO Treichl says keys handed back to us in Romania so far are mainly loans that had been written off anyway Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Erste Bank Hungary earned HUF 31.6 bln profit in H1
Friday, 5 Aug 2016 03:55am EDT 

Erste Group Bank Ag : Erste Bank Hungary says made 31.6 billion forint ($113.32 million) net profit in first half of 2016 . Erste Bank Hungary says expects revenues to increase in the second half of the year . Erste Bank Hungary expects to close deal on selling stakes to Hungary government and EBRD within weeks . Erste Bank Hungary says stock of corporate NPLs fell to 37 billion forints by end H1 from 116 billion a year earlier Further company coverage: [ERST.VI] ($1 = 278.85 forints) (Reporting by Gergely Szakacs) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

Erste Group says to wait until next results for dividend guidance
Friday, 5 Aug 2016 03:43am EDT 

Erste Group : Chief Risk Officer Gottschling says hope to manage NPL ratio down a little further until end of year . CEO Treichl says we have not decided yet on dividend proposal for 2016, will not decide before Q3 results . Treichl says we don't believe SREP ratio requirement will change . Treichl says on 2017-2018 we might be a bit more positive than before on NII side, on fee and commission side it will be difficult to show substantial improvement . CFO Mittendorfer says don't expect to see continuing risk releases in H2 . CEO Treichl says difficult to see how we will improve commission income in coming quarters . Treichl says have made plans for maximum dividend of 1.10 euros, but that doesn't mean that is what we will propose . Treichl says stress test results don't change anything for us Further company coverage: [ERST.VI] ((vienna.newsroom@thomsonreuters.com; +43 1 531 12 258;)).  Full Article

Erste Group Bank expects Q2 net profit of about EUR 560 mln
Thursday, 14 Jul 2016 09:00am EDT 

Erste Group Bank AG :Expects to post net profit of about 560 million euros ($622.44 million) in Q2 16.  Full Article

Uniqa Versicherungsverein Privatstiftung sold shares in Erste Group Bank at 22.50 euros/share - Bookrunner
Tuesday, 7 Jun 2016 01:57pm EDT 

: Uniqa Versicherungsverein Privatstiftung sold 17.4 million shares in Erste Group Bank to investors at price of 22.50 euros per share - Bookrunner Further company coverage: [ERST.VI] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

More From Around the Web

Fitch Upgrades Erste Group Bank AG to 'A-'; Outlook Stable

(The following statement was released by the rating agency) LONDON, March 03 (Fitch) Fitch Ratings has upgraded Erste Group Bank AG's (Erste) Long-Term Issuer Default Rating (IDR) and senior debt rating to 'A-' from 'BBB+' and Viability Rating (VR) to 'a-' from 'bbb+'. The Outlook on the Long-Term IDR is Stable. Fitch has also assigned a Derivative Counterparty Rating (DCR) at 'A-(dcr)' to Erste as part of its roll-out of DCRs to significant derivative counterparties in western Europe and