Stefan Dörfler, CFO of Erste Group Bank AG on presentation of Q1 2021 results of Erste Group Bank AG:
"We’re off to a good start in 2021, which promises to be a solid rebound year. Our operating business continues to run very well and our bottom line has been given a big boost thanks to lower risk costs and higher fee and commission income.”
Bernd Spalt, CEO of Erste Group Bank AG on 2021 Outlook: “Two injections will power the economy’s recovery. One involves vaccinations that immunize people and by doing so make a return to normality possible. The second consists of capital injections from the 750 billion euro EU Recovery Fund. Especially in our region, this funding will release a great deal of economic potential. All countries in our region should experience an economic recovery in 2021, with that upswing particularly apparent in the second half of the year. In addition, we expect further solid economic growth in 2022-23, as the application of EU funds provides a further boost.”
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.