Stefan Dörfler, CFO of Erste Group Bank AG on presentation of the YE 2020 results of Erste Group Bank AG:
"We performed well in all our markets in an exceptionally challenging year. Our operating results remained stable and our capitalization is excellent. We want our shareholders to share in these results, which is why -- in line with the ECB recommendation --we will propose a dividend of 50 cents per share for 2020 at the Annual General Meeting and also reserve up to one euro per share for a potential dividend payout at a later date.”
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.