Investing in Erste Group

Stefan Dörfler, CFO of Erste Group Bank AG on presentation of H1 2021 results of Erste Group Bank AG:
"As we’re a bank that’s closely linked to the real economy, the ongoing macro upswing is directly reflected in our balance sheet. A solid earnings situation, stable costs and a significantly lower volume of risk provisions compared to the Corona year 2020 have all contributed to a clear improvement in our half-year results. We are cautiously optimistic for the year 2021 as a whole, even as we are aware that much depends on the further course of the pandemic and its medium-term impact on the economy."

Bernd Spalt, CEO of Erste Group Bank AG on 2021 Outlook:
“The economies in Central and Eastern Europe have done well during the crisis. The indicators are now clearly pointing to an economic recovery that is even more dynamic in the eastern part of the EU than in Western Europe. I’m convinced that the EU Recovery Fund will provide an additional impulse for growth in the coming years. Of course, it remains to be seen how the Covid pandemic will develop.” “The recovery in our region and the strength of our business model make me confident that we will be able to achieve a net profit for the full year 2021 that is significantly above the level of 2020.”

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.