Investing in Erste Group Bank AG

Andreas Treichl, CEO of Erste Group Bank AG on the Q3 2018 results: 
"We are pleased that our strong operating performance and net profit in the first nine months of this year were driven by several healthy developments: all our home markets have been enjoying robust economic growth; we have been performing very well in Retail and SME business, increasing overall loans (+6.3% year to date) and deposits (+5.9% year to date); and we have also increased our digital advantage and improved customers' experience thanks to George, our pan-European digital platform that is now being used by over 3 million customers in four markets. 

As the countries in CEE region are mostly riding a really good economic wave right now, our NPL ratio continued to decline to 3.5%. The NPL coverage remains high at 70.7%. On the other hand, we are experiencing incredibly low risk costs, which we should treat as a gift that will not be here forever. This makes the trend reversal that we have achieved in the operating result, driven by sustained growth in our core revenues – net interest and net fee and commission income were up 4.4% and 5.1%, respectively – all the more important. Equally significant for our future is the strong level of our capitalization: taking into account the net profit for third quarter and the positive impact of about 30 basis points resulting from the approval of a new operational risk model, our CET 1 ratio (Basel 3 fully loaded, pro forma) stands at 13.2%.

Based on this solid set of results, we are improving our outlook for the full year 2018 and target a return on tangible equity above 12%," 

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 900
  • Customers 3.6 m
  • Employees 16,385
  • Market share retail deposits 19.7 %
  • Market share retail loans 20.2 %

Česká spořitelna
  • Branches 501
  • Customers 4.6 m
  • Employees 10,062
  • Market share retail deposits 25.6 %
  • Market share retail loans 23.4%

Slovenská sporiteľňa
  • Branches 251
  • Customers 2.2 m
  • Employees 4,133
  • Market share retail deposits 27.9 %
  • Market share retail loans 27.0 %

Banca Comercială Română
  • Branches 510
  • Customers 3.2 m
  • Employees 7,241
  • Market share retail deposits 15.6 %
  • Market share retail loans 16.6 %

Erste Bank Hungary
  • Branches 114
  • Customers 0.9 m
  • Employees 3,112
  • Market share retail deposits 9.4 %
  • Market share retail loans 12.0 %

Erste & Steiermärkische Bank
  • Branches 149
  • Customers 1.2 m
  • Employees 3,215
  • Market share retail deposits 13.5 %
  • Market share retail loans 13.8 %

Erste Bank a.d. Novi Sad
  • Branches 85
  • Customers 0.5 m
  • Employees 1,095
  • Market share retail deposits 4.0 %
  • Market share retail loans 6.3 %

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.