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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

26.36EUR
30 Sep 2016
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Latest Key Developments (Source: Significant Developments)

Erste Group Bank appoints former UniCredit Bank Austria CEO as CRO
Thursday, 15 Sep 2016 11:10am EDT 

Erste Group Bank Ag : Supervisory board of Erste Group appointed Willibald Cernko as new CRO as of 1 January 2017 . Willibald Cernko (60) worked until February 2016 as CEO of Unicredit Bank Austria Ag . He succeeds Andreas Gottschling, who will resign from management board at end of this year .Existing contracts of Peter Bosek (retail), Petr Brávek (COO), Gernot Mittendorfer (CFO) and Jozef Síkela (corporates and markets) were extended until 31 December 2020.  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

Uniqa to sell about 17.4m shares in Erste Group Bank - bookrunner
Tuesday, 7 Jun 2016 11:42am EDT 

Bookrunner : Uniqa Versicherungsverein Privatstiftung to sell about 17.4m shares in erste group bank ag by way of an accelerated bookbuilding Further company coverage: [UNIQA.UL].  Full Article

Erste Bank Hungary buys 2.3 pct stake in Budapest bourse
Tuesday, 31 May 2016 04:12am EDT 

Erste Bank Hungary : To buy 2.3 percent stake in Budapest Stock Exchange from local unit of ING Bank Further company coverage: [ERST.VI] [ING.AS] (Reporting by Gergely Szakacs) ((gergely.szakacs@tr.com; +36 1 327 4748; Reuters Messaging: gergely.szakacs.thomsonreuters.com@reuters.net)).  Full Article

BRIEF-Erste Group Bank appoints former UniCredit Bank Austria CEO as CRO

* Supervisory board of Erste Group appointed Willibald Cernko as new CRO as of 1 January 2017