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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

34.65EUR
18 Jul 2018
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Latest Key Developments (Source: Significant Developments)

Erste Group Expects Risk Costs To Be Very Low Until 2020
Thursday, 24 May 2018 07:00am EDT 

May 24 (Reuters) - Erste Group Bank AG ::CEO says currently no plans for major acquisitions, aim to strengthen our position in the western balkan region in the medium term.CFO says costs are expected to rise in the first half but to slightly decrease over the full year.CEO says does not expect that potential interest rate increases from 2019 will affect risk costs.CEO says expects risk costs to be very low until 2020.  Full Article

Erste Group Bank: Optional Redemption Of A Series Of Subordinated Notes
Wednesday, 10 Jan 2018 09:20am EST 

Jan 10 (Reuters) - Erste Group Bank AG ::PTA-ADHOC: ERSTE GROUP BANK: OPTIONAL REDEMPTION OF A SERIES OF SUBORDINATED NOTES.TO EXERCISE OPTION TO REDEEM IN WHOLE FOLLOWING SUBORDINATED NOTES DUE 2023.TO REDEEM IN WHOLE SUBORDINATED NOTES USD 500,000,000 6.375% FIXED RATE.  Full Article

Erste Group Bank and DLL form strategic alliance
Monday, 20 Nov 2017 11:30am EST 

Nov 20 (Reuters) - ERSTE GROUP BANK AG ::‍ERSTE GROUP AND DLL FORM STRATEGIC ALLIANCE TO UNLOCK EUR 17BN CEE LEASING MARKET POTENTIAL​.  Full Article

Erste Group defends "cautious" outlook, says ROTE target is floor
Friday, 3 Nov 2017 04:56am EDT 

Nov 3 (Reuters) - Erste Group Bank ::CEO Treichl says target of more than 10 percent ROTE in 2018 is a floor.CEO Treichl says we believe that those 10 percent are hopefully given for us.Treichl says we believe it's appropriate to be cautious on outlook.Treichl says what we are doing now should enable us to reduce our cost base quite substantially from 2019.CFO says believes 13 percent is still right level for fully loaded CET 1 ratio.Treichl says we do not plan to build up capital cushions beyond core capital target, we will pay excess out as dividends.Treichl says we should see increasing dividend payout in coming years.  Full Article

Erste Group CEO Treichl says will not extend contract -Profil
Monday, 12 Jun 2017 02:28am EDT 

June 12 (Reuters) - Erste Group Bank ::CEO Treichl says will definitely not stay on as CEO after contract expires in three years' time -interview with Profil magazine.  Full Article

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

Austria's Erste Group to introduce employee participation programme

VIENNA, May 24 Austrian lender Erste Group plans to introduce an employee participation programme in summer, its chief executive said on Thursday.