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Topic: Erste Bank

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In the News (Sun 27 May 18)

  Datamonitor - Erste Bank enters Ukrainian market through Bank Prestige acquisition - News
Erste said the major shareholders plan to invest up to E117.8 million each over the next four years in order to support the banks' business plan.
Erste says that the Ukrainian banking sector has developed strongly in recent years, with total sector assets increasing by 19% in the last six months alone, driven by private household demand for credit.
The bank, which will be jointly managed and supervised, will operate under the Erste Bank brand as a universal bank, focusing on both corporate and retail business.
www.datamonitor.com /~3122fc1274f447f588040ecf7c3cc30b~/industries/news/article/?pid=254701FA-1E1F-42A5-BC8B-26B0D02F3633&type=NewsWire   (318 words)

  FRB: Press Release -- Approval of application of Erste Bank der österreichischen Sparkassen Aktiengesellschaft -- ...
Bank, with total consolidated assets of approximately $57 billion, is one of the largest banks in Austria.
Bank is supervised and regulated by the Ministry and the Austrian National Bank ("Central Bank").
Bank's capital is in excess of the minimum levels that would be required by the Basle Capital Accord and is considered equivalent to capital that would be required of a U.S. banking organization.
www.federalreserve.gov /boarddocs/press/bhc/1998/199810142   (1236 words)

 Eurofound: Pacts for employment and competitiveness: Erste Bank - The First Austrian Savings Bank
On 19 March 1997, Die Erste and AVS acquired a majority holding in the GiroCredit Bank Aktiengesellschaft der Sparkassen (GiroCredit) with the purchase of 56.1% of the ordinary shares in GiroCredit (51.1% of the total capital base), which was previously held by the Anteilsverwaltungssparkasse-Zentralsparkasse.
Die Erste was merged with GiroCredit on the basis of the merger contract of 27 June 1997.
The Erste Bank works council's demands were twofold: first, that the Erste Bank was to be the incorporating institution, and second, that there should be no redundancies in connection with the merger.
www.eurofound.eu.int /areas/industrialrelations/pecs/pecs5.htm   (3142 words)

 Deutsche und Erste Bank unter Verdacht
Bei der Deutschen Bank sollen bereits interne Ermittlungen angelaufen und Beteiligte befragt worden sein.
Die Erste Bank dürfte etwaige Verluste durch anderweitige Erfolge kompensieren können.
Diese Maßnahmen helfen dabei, dass auch bei einem möglicherweise für die Bank ungünstigen Prozessverlauf in Sachen Bwin die Prognose von einer 20-prozentigen Steigerung des Konzernjahresüberschusses gehalten werden kann.
www.handelsblatt.com /news/Unternehmen/Banken-Versicherungen/_pv/_p/200039/_t/ft/_b/1147016/default.aspx/deutsche-und-erste-bank-unter-verdacht.html   (947 words)

 Erste Bank: Milliardenzukauf in Rumänien - pressetext.deutschland
Wien (pte/21.12.2005/11:03) - Die Erste Bank der österreichischen Sparkassen AG http://www.sparkasse.at/erstebank steigt mit einem Milliardenzukauf in Rumänien zum Marktführer auf.
Die rumänische Privatisierungsagentur habe der Erste Bank den Zuschlag für den Kauf von knapp 62 Prozent der Aktien der Banka Comerciala Romana (BCR) gegeben, teilte das Unternehmen mit.
In den kommenden zwei Jahren prognostiziert man Rumänien bei der Ersten Bank zweistellige Wachstumsraten, sowohl was die Wirtschaft als auch was den Bankenmarkt angeht.
www.pressetext.de /pte.mc?pte=051221012   (341 words)

 Standard Bank Press Releases   (Site not responding. Last check: 2007-11-04)
Erste & Steiermärkische Bank d.d., with a market share of approx 4%, is the 6th largest bank in Croatia in terms of assets (Eqv.Euro 666.1 million as at 31 December 2001 and equity of Euro 67.3 million as at 31 December 2001).
Riječka was recently acquired by Erste Bank der oesterreichischen Sparkassen AG and it is planned to be merged with Erste & Steiermärkische Bank d.d.
Erste Bank is the oldest bank in Austria.
www.standardbank.com /AboutUs/RetrievePR.asp?pr=117   (626 words)

 Erste Bank greift erneut im Osten zu
Erst vor wenigen Tagen hatte die Erste Bank angekündigt, bis Ende dieses Monats für knapp 80 Mill.
Kunden in Mittel- und Osteuropa ist die Erste Bank nach der Unicredit-Gruppe die größte ausländische Bank in der Region.
Die Bank sei mit ihren Tochterunternehmen in Tschechien, der Slowakei und nun auch Rumänien gut positioniert.
www.handelsblatt.com /news/Unternehmen/Banken-Versicherungen/_pv/_p/200039/_t/ft/_b/1201715/default.aspx/erste-bank-greift-erneut-im-osten-zu.html   (684 words)

 NEC Display Solutions
The Erste Bank Group, Vienna, has 36,000 employees, had total assets of 121.2 billion euros in the year 2002 and thus, in terms of assets, is one of the 100 largest banks in the world (in 78th place).
It was Erste Bank's intention to refit its trading room at the headquarters in Vienna and to bring it up to the latest state of the art once more.
Of course, Erste Bank also demanded a brilliant picture and a fast response time as well as monitors that would be able to run 24-hours a day, seven days a week, without any problems.
www.nec-mitsubishi.com /coremedia/generator/index,realm=Monitorizing__CaseStudies__Details,spec=x__it__it,docId=91328   (978 words)

 Bloomberg.com: Europe
Raiffeisen, Austria's third-largest bank, as well as Bank Austria Creditanstalt AG and Erste Bank der oesterreichischen Sparkassen AG, are expanding in Eastern Europe to escape their overcrowded home market of 8 million.
Bank Austria and Erste Bank, which earned about half their profits in the region, were the No. 1 and fourth-best performers respectively among European bank stocks last year.
Erste Bank said 59 percent of its net income of 545 million euros came from the region, when it reported 2004 results on March 14.
www.bloomberg.com /apps/news?pid=10000085&sid=auVH_4RHumUU&refer=europe   (1840 words)

 OTP Unveils Plans About Bulgarian Banka DSK
Hungarian OTP Bank, which is believed to be leading the race by offering the highest price, decided to catch up with its rival, Austria's Erste Bank, in the field of PR.
It is no secret that Erste Bank made such probes in Sofia at a much earlier stage of the race for Banka DSK, when Erste Bank CEO Andreas Treichl and the bank's financial director Reinhard Ortner met the Bulgarian Government, UDF and BSP.
The Bulgarian Bank Consolidation Company (BCC) was expected to name OTP the winner of the tender, but the scandals, which broke out in the meantime, shook the privatisation team and naming of the buyer was put off for an undetermined period.
www.capital.bg /weekly/03-17/8-17.htm   (957 words)

 Erste Bank - Company Profile - Insurance Business Review
Erste Bank is an Austrian bank engaged in commercial banking.
Erste Bank's ability to integrate acquisitions was thus eloquently demonstrated: We not only know how to expand, but are also able to combine and transform existing institutions effectively and thus add lasting value for the Erste Bank Group.
Erste Bank is a commercial bank in Austria.
www.insurance-business-review.com /companyprofile.asp?guid=EA7CCDEC-EF19-4DAF-984B-BE262F16B6C5   (1786 words)

 The Budapest Sun Online - Story page   (Site not responding. Last check: 2007-11-04)
Bank Austria Creditanstalt, which is majority-owned by HypoVereinsbank of Germany, said it had gone to the "limit of pain" with its offer, which was 2.3 times Postabank's book value.
Erste Bank Chief Executive Andreas Treichl said the price reflects, aside from the intrinsic value of Postabank, the considerable synergies that Erste expects to gain from the integration and the strategic
Both Erste's bidding rivals said they would continue to look out for expansion opportunities in Hungary in the future, and indication that consolidation will take place in the market in the future.
www.budapestsun.com /full_story.asp?ArticleId={92DFE9E8989246978589B5BE54C11A6F}&From=Business   (756 words)

 The Banker: Central European giant looks to Balkans for new borrowers
Erste’s chief executive, Andreas Treichl, who has led the bank’s expansion from the beginning, believes that the full extent of this potential has not been reached yet.
Erste believes it is best placed to benefit from this coming convergence because its banks in the Czech Republic and Slovakia have access to a huge client base to which they can cross-sell products from the rest of the Erste group.
Erste’s problem is that the slowdown in profit growth, because of lower net interest margins and falling gains from restructuring, is happening now.
www.thebanker.com /news/fullstory.php/aid/2960/Central_European_giant_looks_to_Balkans_for_new_borrowers.html   (1532 words)

 Compaq.com - EMEA - Inform Magazine - Q399 - Finance   (Site not responding. Last check: 2007-11-04)
When Erste Bank Hungary decided to modernise its banking system, the bank required an IT partner capable of supplying a complete infrastructure along with services and support for a full-service banking solution.
Based on the Integrated Banking System "Symbols", Compaq implemented a three-tier architecture, with the central database and processing in the head office, local processing for the branch teller system in the branch offices, and intelligent client systems in both the head office and the branch offices.
The bank is now considering using Compaq Services for system integration, an MS office project, migration and roll out, voice and data integration, and enterprise management planning.
h18000.www1.hp.com /emea/inform/q399/finance/hungary.html   (273 words)

 EBRD lends support to Croatian small enterprises [EBRD - Press Release]
Erste and Steiermärkische Bank was formed in September 2000 through the merger of three highly successful regional banks with a long track record and experience in the local market: Bjelovarska, Trgovacka and Cakovecka banka.
Strategic shareholders of ESB are two of the leading banks in Austria and Central Europe: Erste Bank der Oesterreichischen Sparkassen AG and die Steiermärkische Bank und Sprakassen AG, who jointly hold 83% of the share capital of Erste and Steiermärkische Bank.
ESB is the eighth largest bank in Croatia with approximately €667 million in assets and €67 million in shareholders equity at the end of 2001.
www.ebrd.com /new/pressrel/2002/02jul22x.htm   (240 words)

 System Access Limited
With SYMBOLS, Erste Bank Hungary has been able to grow to number 2 in retail banking market in 2004.
Erste Bank Hungary has been pleased with the level of collaboration and cooperation achieved between the bank and System Access' team to deliver the expertise and productivity to achieve the integrated timescale required to meet our business objectives associated with the merger with Postabank.
We believe that CDB is the first top tier bank in China that has achieved success in the rolling out of an international core banking solution on a national scale.
www.systemaccess.com /customers/customer_quotes.htm   (746 words)

 Erste Bank Group Treasury - News Archive   (Site not responding. Last check: 2007-11-04)
Erste Bank: Preliminary 2004 Results are a success on all fronts
Erste Bank increases stake in Ceská sporitelna to 97.9 %
Erste Bank to conduct due diligence on Bulgarian DSK Bank
global.treasury.erstebank.com /0,,293_0,00.html   (200 words)

 Interview with Reinhard Ortner, Erste Bank der Osterreichischen Sparkassen: TWST
Ortner: The bank in its present shape is the result of a merger that took place almost five years ago, when the oldest savings Bank of Austria merged with GiroCredit, which was the central institution in the savings bank sector in Austria.
So this offers an excellent opportunity for us to buy and partly build banking institutions and to reorganize and integrate them into Erste Bank, in order to make sure that the quality of service that we offer here in Austria will also be available to the population in the area.
These countries on their way to Europe need banking institutions, of which private households, small and medium size companies, can avail themselves and where the necessary accumulation of liquid means takes place, so that infrastructure finance, mortgage finance can be enhanced.
www.twst.com /notes/articles/lrs040.html   (1126 words)

 Roumanie: l'Autrichien Erste Bank officiellement propriétaire de la BCR | International | Cyberpresse
Le groupe autrichien Erste Bank est devenu officiellement jeudi le nouveau propriétaire de la Banque commerciale roumaine (BCR), la première du pays, après avoir versé 3,75 milliards d'euros pour un paquet de 61,88% des actions, a annoncé son PDG, Andreas Treichl.
Loin d'en être découragée, Erste Bank se félicite du "considérable potentiel de développement à long terme" de la BCR, compte tenu aussi de la prochaine intégration du pays dans l'UE, au 1er janvier prochain.
Erste Bank avait remporté en octobre 2005 l'appel d'offres pour la reprise de la BCR mais les Autrichiens avaient dû attendre l'aval de la Cour constitutionelle roumaine avant de pouvoir entrer en possession du paquet majoritaire d'actions.
www.cyberpresse.ca /article/20061012/CPMONDE/610121179/0/SEARCH   (307 words)

 Erste Bank
The first 8 refer to the bank, the remaining to the customer.
There is a cost effective and rapid solution for EUR transfers within the Erste Group.
If you have specific question or problem and you don't know, whom to contact within Erste Bank Hungary, our team is ready to help you.
www.erstebank.hu /online/21048753.html   (1018 words)

 News   (Site not responding. Last check: 2007-11-04)
Following the fulfilment of all pre-conditions of the Share Purchase Agreement of July 15, 2005 between Erste Bank and BRA, relating to the acquisition of Novosadska banka a.d., on August 9, 2005 the parties finalised the transaction, effectuating the transfer of 83.3% of the Novosadska banka shares for which Erste Bank paid EUR 73.2 million.
Following the completion of the legal transfer of ownership to Erste Bank, a wide-reaching transformation programme will be launched to modernise the operations of Novosadska banka and significantly improve its competitive position, thus increasing the market share and profitability of the bank.
According to Andreas Treichl, Erste Bank has very ambitious plans on this market, until 2010, the increase of Novosadska banka assets by eight times is planned, thus its share within banking sector of Serbia will reach 10-12 percent from current two percent.
www.novban.co.yu /Engleski/News/News.htm   (4117 words)

 Erste Bank Group Treasury - joint IT platform   (Site not responding. Last check: 2007-11-04)
In the medium-term the migration of around 3.000 workstations is expected to lead to process standardization in the distribution arms of all the banks in the savings bank sector (including Erste Bank and the Savings Bank Group), which in turn will result in faster and more cost-effective processing.
"All the SPARDAT applications currently in use at Erste Bank are expected to be fully integrated into the technical and organizational infrastructures of all savings banks by the end of 2003," they added.
It is intended that this harmonization based on a common IT platform will allow Erste Bank and the savings banks to jointly plan, develop and launch all their products and operational processes.
global.treasury.erstebank.com /0,7028,306_0,00.html   (493 words)

 Interview with Andreas Treichl, Erste Bank: TWST
Erste Bank CEO foresees growth in concentrated Austrian bank sector through life insurance and franchising
Andreas Treichl is Chairman and CEO of Erste Bank der oesterreichischen Sparkassen AG.
Not that our pricing will improve, but I believe it will become more and more competitive all over Europe; and we see competition coming in, but we also believe that we are quite well equipped to maintain our position and to be able to take certain products cross-border.
www.twst.com /notes/articles/har010.html   (821 words)

 Hungary Erste ranks No. 1 in sector in terms of profit growth
The total net assets of Erste Bank Rt passed the Ft 1,114 billion mark as a result of an 18% yr/yr rise, non-audited preliminary figures show.
The interest rate revenues of the bank exceeded Ft 87 billion, which is almost 70% up on the previous year.
The merger of Erste and Postabank Rt, a process that lasted for nine months, was concluded on Aug. 31.
www.templetonthorp.com /fr/news867   (130 words)

 Erste Bank der oesterreichischen Sparkassen AG information and related industry information from Hoover's
Erste Bank operates in Austria with international offices in New York, Hong Kong, and London.
While the bank's primary business is retail banking, subsidiary S Bausparkasse is Austria's market leader in mortgage lending, and its Erste-Sparinvest subsidiary is one of the top fund managers.
As Austrian banks have consolidated, the bank continues to increase its presence in Eastern Europe.
www.hoovers.com /erste-bank/--ID__91743--/free-co-factsheet.xhtml   (373 words)

 Norkom Signs $2.5 Million Contract with Erste Bank Group --   (Site not responding. Last check: 2007-11-04)
As the leading financial services provider in Central Europe, Erste Bank Group is committed to proactively protecting its business, shareholders and customers from the onslaught of financial crime while being fully compliant with all EU and country specific legislations pertaining to the detection and prevention of these crimes.
To support this high level policy, Erste Bank Group has selected Norkom Technologies software, based on Norkom's proven ability to provide a holistic approach to managing financial crime across financial service organizations.
"Erste Bank Group is committed to protecting its business, shareholders and customers in the fight against money laundering activities and financing terrorism.
www.forrelease.com /D20050420/new001.P2.04192005145332.07892.html   (449 words)

 Erste Bank "buy" | newratings.com   (Site not responding. Last check: 2007-11-04)
LONDON, September 29 (newratings.com) - Analyst Christian Bader of Deutsche Bank maintains his "buy" rating on Erste Bank (EBO.FSE).
In a research note published this morning, the analyst mentions that the company aims to achieve 15% organic earnings growth per annum over the medium term, which translates to €1.0 billion in net profits by 2008.
Erste Bank is seeking to gain exposure to the growth markets of Romania and Ukraine in the near term, the analyst says.
www.newratings.com /analyst_news/article_1040346.html   (236 words)

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