Erste Group Bank AG’s AGM resolves dividend of EUR 2.70 per share

Erste Group Bank AG’s 31st Annual General Meeting (AGM) took place in Vienna on 22 May 2024. Shareholders approved the proposal from the Management Board and the Supervisory Board for a dividend payout of EUR 2.70 per share for the 2023 financial year, with 100 % of the capital stock present voting in favor. The AGM granted discharge for the reports and activities of the Management Board members with a vote of 99.79 % of the capital stock present. Similarly, the reports and activities of the Supervisory Board members were also approved by a vote of 99.79 %.

Supervisory Board elections

Shareholders approved the election of two new members to the Supervisory Board: Caroline Kuhnert and Walter Schuster. A dual citizen of Austria and Switzerland, Caroline Kuhnert has extensive experience as a senior manager in the banking industry, most recently serving as a member of the Global Wealth Management Executive Committee at UBS. Walter Schuster, who holds degrees in Economics from the University of Vienna and the London School of Economics, spent more than two decades in senior roles at J.P. Morgan in London. Both Kuhnert and Schuster launched their careers at Erste entities.

Shareholders also approved the re-election of two existing Supervisory Board members, Elisabeth Krainer Senger-Weiss and Michael Schuster.

The newly constituted Supervisory Board (when taking into consideration only shareholder representatives) thus now consists of a total of 14 members, who are equally split between females and males. The Works Council has delegated seven members to the Supervisory Board as employee representatives.