Erste Group Bank AG, formerly Erste Bank der oesterreichischen Sparkassen AG, is an Austria-based company, which offers a range of banking and other financial services, such as saving, asset management, including investment funds; consumer credit and mortgage lending; investment banking; securities and derivatives trading; portfolio management; project finance; foreign trade financing; corporate finance; capital market and money market services; foreign exchange trading; leasing; factoring, and insurance. The Company divides its activities into three business segments: Retail and Small and Medium Enterprises (SME), which includes Austria-based saving banks and Erste Bank Oesterreich, as well as Central and Eastern Europe operation; Group Corporate and Investment Banking, and Group Markets. The Company operates in Austria, Slovakia, the Czech Republic, Croatia, Serbia, Romania, Hungary and Ukraine through its subsidiaries.