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Erste Group Bank AG (ERST.VI)

ERST.VI on Vienna Stock Exchange

33.74EUR
5:37am EDT
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Latest Key Developments (Source: Significant Developments)

Erste Group Bank Sets Aside Up To EUR 230 Mln For Lost Case In Romania
Tuesday, 25 Jun 2019 02:35am EDT 

June 25 (Reuters) - ERSTE GROUP BANK AG ::SETS ASIDE UP TO EUR 230 MILLION FOR LOST CASE IN ROMANIA, KEEPS OUTLOOK FOR 2019.HAS FORMED A PROVISION OF UP TO EUR 230 MILLION (BEFORE TAX).  Full Article

Erste Group Bank: Framework Programme For Share Transactions By Savings Banks
Tuesday, 18 Jun 2019 10:25am EDT 

June 18 (Reuters) - ERSTE GROUP BANK AG ::FRAMEWORK PROGRAMME FOR ERSTE GROUP SHARE TRANSACTIONS BY SAVINGS BANKS OF HAFTUNGSVERBUND.ADOPTED RESOLUTION ON FRAMEWORK PROGRAMME FOR ENVISAGED DISPOSAL AND PURCHASE OF ERSTE GROUP BANK AG SHARES.UNDER RESOLUTION IT IS POSSIBLE FOR SAVINGS BANKS TO SELL UP TO 10 MILLION SHARES OF ERSTE GROUP (2.33% OF SHARE CAPITAL).UNDER RESOLUTION IT IS POSSIBLE FOR SAVINGS BANKS TO BUY UP TO 10 MILLION SHARES OF ERSTE GROUP.  Full Article

Erste Group Bank Q1 Net Interest Income Up At EUR 1.16 Bln
Friday, 3 May 2019 01:30am EDT 

May 3 (Reuters) - Erste Group Bank AG ::SAYS ERSTE GROUP BANK: NET PROFIT OF EUR 377.0 MILLION IN 1-3 2019.Q1 NET INTEREST INCOME INCREASED TO EUR 1,160.9 MILLION (EUR 1,082.6 MILLION).Q1 NET FEE AND COMMISSION INCOME ROSE TO EUR 487.7 MILLION (EUR 478.6 MILLION).Q1 OPERATING INCOME ROSE TO EUR 1,771.7 MILLION (EUR 1,655.1 MILLION).Q1 OPERATING RESULT IMPROVED TO EUR 656.0 MILLION (EUR 590.2 MILLION) AND COST/INCOME RATIO TO 63.0% (64.3%).SAYS AMENDED ROMANIAN BANKING TAX IS EXPECTED TO NEGATIVELY IMPACT OTHER OPERATING RESULT BY A MAXIMUM OF EUR 20 MILLION IN 2019.AIMS TO ACHIEVE A RETURN ON TANGIBLE EQUITY (ROTE) OF MORE THAN 11% IN 2019 (BASED ON AVERAGE TANGIBLE EQUITY IN 2019).  Full Article

Erste Group Bank: Bernhard Spalt To Succeed Andreas Treichl As CEO From January 2020
Thursday, 13 Sep 2018 08:20am EDT 

Sept 13 (Reuters) - Erste Group Bank AG ::PTA-ADHOC: ERSTE GROUP BANK AG: BERNHARD SPALT TO SUCCEED ANDREAS TREICHL AS CHIEF EXECUTIVE OFFICER FROM JANUARY 2020.ANDREAS TREICHL (66) WILL STEP DOWN FROM HIS ROLE AS CHIEF EXECUTIVE OFFICER OF ERSTE GROUP AT END OF 2019.BERNHARD SPALT TO SUCCEED ANDREAS TREICHL AS CHIEF EXECUTIVE OFFICER FROM JANUARY 2020.BERNHARD SPALT WILL STEP DOWN FROM ALL OTHER MANDATES BEFORE BECOMING ERSTE GROUP'S DEPUTY CEO TO ANDREAS TREICHL, WHICH IS EXPECTED MID-2019..  Full Article

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

UPDATE 1-Erste Group sets aside up to 230 mln eur for lost legal case in Romania

VIENNA, June 25 Austrian lender Erste Group said on Tuesday it would set aside up to 230 million euros ($262 million) for a lost legal case in Romania.