Debt Investors

Funding Strategy

Erste Bank´s prime liquidity source is the large surplus of customer deposits the bank has due to its strong market position in Austria and the CEE countries where it is active.

Debt Structure

in EUR million 2011  2010
Amounts owed to credit institutions23,78520,154
Amounts owed to customers118,880117,016
Debt securities in issue and Subordinated capital36,56437,137
Provisions and other liabilities15,59714,906
Total equity (Shareholders' equity and Minority interests)15,18016,558
Total210,006205,770

Debt Structure and Maturity Overview as of 31 March 2012

Debt Structure

The growing international activity of Erste Bank led it to develop alternative sources to the classic primary funding through customer deposits.

The bank employs a wide range of funding sources and programmes to meet the funding requirements of the Group, its subsidiaries and the Austrian savings banks. The bank is active in Austria and internationally as a private placement issuer as well as making public issues in varying currencies, maturities and structures. 

Senior bonds are the biggest segment. They made more than a half of total outstanding debts. The other half represent low-risk bonds, like government guaranteed bonds and covered bonds, and capital transactions, i.e.  subordinated or supplementary capital.

Maturity Overview

Erste Group aspires to keep a constant redemption profile  to prevent above-average refinancing peaks in certain years.