Investing in Erste Group Bank AG

Andreas Treichl, CEO of Erste Group Bank AG on the Q1 2019 results: 
"This year is an especially important one for us at Erste Group: 2019 marks the 200th anniversary of our founding as a savings bank focused on spreading prosperity in our region. Our purpose remains clear, our business model is sustainable and our footprint places us in what continues to be the EU’s most dynamic region.
All of this has also helped us to put in a very solid start to the year. Our net profit for the first three months came in at 377 million euros – a rise of over 12 percent compared to the same period a year earlier. We’re especially pleased that this bottom line growth continues to be driven organically, by our strong operating performance. Customer business is growing steadily, and that translated into higher net interest income (+7.2% YoY), net fee and commission income (+1.9% YoY) and an exceptionally robust rise in our net trading result – all of which drove a 7 percent year-on-year increase in the operating income to 1.77 billion euros. This healthy performance is, of course, a reflection of the continued solid growth across CEE economies, largely thanks to solid domestic demand on the back of rising real wages and high employment levels." 

Austria Czech Republic Slovakia Hungary Romania Serbia Bosnia Montenegro Macedonia Slovenia Moldova Croatia
  • Core markets of Erste Group
  • Indirect presence in CEE
Please click on the respective country for more information about our markets
Erste Bank und Sparkasse
  • Branches 899
  • Customers 3.7 m
  • Employees 16,212
  • Market share retail deposits 20.0 %
  • Market share retail loans 20.4 %

Česká spořitelna
  • Branches 501
  • Customers 4.6 m
  • Employees 9,953
  • Market share retail deposits 25.6 %
  • Market share retail loans 23.6%

Slovenská sporiteľňa
  • Branches 248
  • Customers 2.2 m
  • Employees 4,070
  • Market share retail deposits 28.1 %
  • Market share retail loans 26.6 %

Banca Comercială Română
  • Branches 509
  • Customers 3.4 m
  • Employees 7,158
  • Market share retail deposits 15.2 %
  • Market share retail loans 16.8 %

Erste Bank Hungary
  • Branches 111
  • Customers 0.9 m
  • Employees 3,103
  • Market share retail deposits 9.3 %
  • Market share retail loans 11.7 %

Erste & Steiermärkische Bank
  • Branches 149
  • Customers 1.2 m
  • Employees 3,222
  • Market share retail deposits 14.4 %
  • Market share retail loans 14.0 %

Erste Bank a.d. Novi Sad
  • Branches 88
  • Customers 0.5 m
  • Employees 1,138
  • Market share retail deposits 4.1 %
  • Market share retail loans 6.6 %

Banka Sparkasse
Sparkasse Bank d.d. Bosna i Hercegovina
Erste Bank AD Podgorica
Sparkasse Bank Makedonija
BCR Chișinău

Founded in 1819 as the first Austrian savings bank, Erste Group went public in 1997 with a strategy to expand its retail business into Central and Eastern Europe. Since then Erste Group has grown through numerous acquisitions and organically to become one of the largest financial services providers in the Eastern part of the EU in terms of clients and total assets.