Erste Group Bank

Erste Group is a financial services provider based in Austria. As of Dec 31 2015, Co.'s total assets amounted to Euro199,743 million and the number of customers was approximately 16.5 million. Co.'s key business is the retail business, covering the entire spectrum from lending, deposit and investment products to current accounts and credit cards. In addition to providing financial services to private individuals, Co.'s core activities also include advisory services and support for corporate clients in financing, investment and access to international capital markets, public sector funding and interbank market operations.
  • TickerEBS
  • ISINAT0000652011
  • ExchangeVienna Stock Exchange
  • SectorBanks
  • CountryAustria

Analysts

1 director bought

A director at Erste Group Bank Ag bought 150,000 shares at 33.452EUR and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Derya Guzel

Morningstar | All Aboard the Money Laundering Train; New Reports Implicate More European Banks

Over the past days a consortium of investigative newspapers, online portals, and television programs revealed a web of money laundering activities flowing through the European banking system, which lay bare a different scale and urgency of the problem of anti-money laundering controls within most banks as well as regulators than previously acknowledged. Of the banks named thus far to be involved we cover Danske, Nordea, Swedbank, Raiffeisen, Erste, RBS (acquired the unit in question from ABN in 2008), ING, and Deutsche Bank. While other Nordic banks as well as other banks in our coverage have ...

Derya Guzel

All Aboard the Money Laundering Train; New Reports Implicate More European Banks

Over the past days a consortium of investigative newspapers, online portals, and television programs revealed a web of money laundering activities flowing through the European banking system, which lay bare a different scale and urgency of the problem of anti-money laundering controls within most banks as well as regulators than previously acknowledged. Of the banks named thus far to be involved we cover Danske, Nordea, Swedbank, Raiffeisen, Erste, RBS (acquired the unit in question from ABN in ...

Research Team

The Rear-View Mirror – EME markets: ASE rallied in February

EME Equity Market – February 2019 Market performance – ASE Index up 11.5% mom in February. The ASE index outperformed its rivals in February, rising by 11.5%, following a mom gain of 3.5% in January. Bucharest was the second-best performer, up 10.2% in February, while Prague’s PX recorded a mom gain of 3.2%. The MSCI EME was in correction mode in February, losing 1.6% mom, following January’s double-digit growth of 11.3% mom; while the MOEX and BUX both lost 1.3% mom in February; and the Turkish ISE30 was down 2.1% mom. Last but not least, the worst performer was the WIG20, which recorded a lo...

Derya Guzel

Morningstar | Erste Group Reports Good Full-Year Results; FVE Unchanged

Erste Group reported solid full-year 2018 results of EUR 1.8 billion in net profit, up 36% compared with the same period last year, as the bank's operating leverage gave a boost to underlying profitability. Indeed, operating income grew 4% to EUR 6.9 billion year over year while expenses added less than 1%. Additionally, Erste enjoys a continued benign credit cost environment across geographies, resulting in a write-back of EUR 59 million versus impairment charges of EUR 132 million last year. Return on equity came in at 13.4%, well above management's guidance of 12% for the full year, partial...

Erste Group Bank AG: Geographical diversification and lower credit risk insulate Erste against low interest rates

Erste Bank's key credit metrics have improved thanks to the bank's efforts to de-risk its balance sheet, particularly by reducing non-performing loans in Central and Eastern Europe (CEE).

Erste Group Bank AG: Update to credit analysis

Our credit view of Erste Group Bank AG, reflecting the bank's improved asset quality, solid capitalisation and sound funding profile.

Moody's corrects rating and rating history for ISINs AT0000A14PZ1 and AT000B119680 issued by Erste Group Bank AG

Announcement: Moody's corrects rating and rating history for ISINs AT0000A14PZ1 and AT000B119680 issued by Erste Group Bank AG. Global Credit Research- 16 Aug 2017. Frankfurt am Main, August 16, 2017-- Moody's Investors Service has corrected the current rating and rating history for the Series 1257 subordinated fix-to-variable rate note due 2022 and the Series 1172 subordinated fix-to-variable rate note due 2023.

Erste Group Bank AG: Update following rating upgrade to A3/P-2

FINANCIAL INSTITUTIONS CREDIT OPINION 1 August 2017 Update RATINGS Erste Group Bank AG Domicile Vienna, Austria Long Term Debt A3 Type Senior Unsecured - Fgn Curr Outlook Positive Long Term Deposit A3 Type LT Bank Deposits - Fgn Curr Outlook Positive Please see the 

Erste Group Bank AG: Semiannual update

FINANCIAL INSTITUTIONS CREDIT OPINION 22 May 2017 Update RATINGS Erste Group Bank AG Domicile Vienna, Austria Long Term Debt Baa1 Type Senior Unsecured - Fgn Curr Outlook Stable Long Term Deposit Baa1 Type LT Bank Deposits - Fgn Curr Outlook Stable Please see the 

Derya Guzel

Morningstar | All Aboard the Money Laundering Train; New Reports Implicate More European Banks

Over the past days a consortium of investigative newspapers, online portals, and television programs revealed a web of money laundering activities flowing through the European banking system, which lay bare a different scale and urgency of the problem of anti-money laundering controls within most banks as well as regulators than previously acknowledged. Of the banks named thus far to be involved we cover Danske, Nordea, Swedbank, Raiffeisen, Erste, RBS (acquired the unit in question from ABN in 2008), ING, and Deutsche Bank. While other Nordic banks as well as other banks in our coverage have ...

Derya Guzel

All Aboard the Money Laundering Train; New Reports Implicate More European Banks

Over the past days a consortium of investigative newspapers, online portals, and television programs revealed a web of money laundering activities flowing through the European banking system, which lay bare a different scale and urgency of the problem of anti-money laundering controls within most banks as well as regulators than previously acknowledged. Of the banks named thus far to be involved we cover Danske, Nordea, Swedbank, Raiffeisen, Erste, RBS (acquired the unit in question from ABN in ...

Research Team

The Rear-View Mirror – EME markets: ASE rallied in February

EME Equity Market – February 2019 Market performance – ASE Index up 11.5% mom in February. The ASE index outperformed its rivals in February, rising by 11.5%, following a mom gain of 3.5% in January. Bucharest was the second-best performer, up 10.2% in February, while Prague’s PX recorded a mom gain of 3.2%. The MSCI EME was in correction mode in February, losing 1.6% mom, following January’s double-digit growth of 11.3% mom; while the MOEX and BUX both lost 1.3% mom in February; and the Turkish ISE30 was down 2.1% mom. Last but not least, the worst performer was the WIG20, which recorded a lo...

Derya Guzel

Morningstar | Erste Group Reports Good Full-Year Results; FVE Unchanged

Erste Group reported solid full-year 2018 results of EUR 1.8 billion in net profit, up 36% compared with the same period last year, as the bank's operating leverage gave a boost to underlying profitability. Indeed, operating income grew 4% to EUR 6.9 billion year over year while expenses added less than 1%. Additionally, Erste enjoys a continued benign credit cost environment across geographies, resulting in a write-back of EUR 59 million versus impairment charges of EUR 132 million last year. Return on equity came in at 13.4%, well above management's guidance of 12% for the full year, partial...

Derya Guzel

Morningstar | Erste Group Reports Good Full-Year Results; FVE Unchanged. See Updated Analyst Note from 01 Mar 2019

Erste Group reported solid full-year 2018 results of EUR 1.8 billion in net profit, up 36% compared with the same period last year, as the bank's operating leverage gave a boost to underlying profitability. Indeed, operating income grew 4% to EUR 6.9 billion year over year while expenses added less than 1%. Additionally, Erste enjoys a continued benign credit cost environment across geographies, resulting in a write-back of EUR 59 million versus impairment charges of EUR 132 million last year. Return on equity came in at 13.4%, well above management's guidance of 12% for the full year, partial...

1 director bought

A director at Erste Group Bank Ag bought 150,000 shares at 33.452EUR and the significance rating of the trade was 80/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names ...

Pawel Wieprzowski, PhD

EME Strategy: Polish pension funds' holding data for 2018

The Polish pension funds (OFEs) released their annual holding reports last week, containing all of their stakes. Over the past year, OFEs’ equities allocation has remained broadly unchanged vs. end-2017, at c.85% of net assets. At the same time, the share of foreign equities in OFEs’ equities portfolio fell slightly, from 7.3% to 7.1%. The value of their equity portfolios dropped from c.PLN 153bn to c.PLN 134bn (-c.12% yoy), driven by the negative performance of the equities market (the WIG20 dropped by c.5% yoy on a total return basis, while the WIG lost 9.5% yoy), among other things. The val...

Research Team

WOOD Morning (30 January)

HEADLINES: • Romanian banks: it happened one night (Banca Transilvania and BRD downgraded to HOLD) • Romania politics: parliamentary structure and ALDE comments • Santander Bank Polska: posts neutral set of underlying results for 4Q18 • Bucharest Stock Exchange: shareholders approve creation of central counterparty • AmRest: 4Q18 preliminary sales up 23% yoy NEUTRAL • O2 Czech Republic: takeaways from 4Q18 conference call NEUTRAL • KGHM: tremor at Rudna mine NEGATIVE • Raiffeisen Int.: 4Q18E results preview (preliminary data due on 6 February) • Erste Bank: 4Q18E results preview (due on 2...

Research Team

WOOD Morning (28 January)

HEADLINES: • Sberbank: lifting of Rusal sanctions positive news POSITIVE • Erste Bank: issues profit expectations for 2018E, proposes 2018E DPS of EUR 1.4 NEUTRAL • MMK: 4Q18 trading update - in line with expectations • PGNiG: 4Q18 operating results • OMV: to acquire 15% of ADNOC refining for USD 2.5bn • PGE: DGP speculates on Ostroleka and market consolidation • MONETA Money Bank: 4Q18E preview (due on 6 February) • Short News (BFT, PKP)

Research Team

WOOD Morning (16 January)

HEADLINES: • EME macro/strategy: Brexit update • Erste Bank/Raiffeisen Int.: Romanian tax could lead to business cutback NEGATIVE • Polish banks: neutral dividend recommendation from PFSA NEUTRAL • Jumbo: 1H18/19 sales up 7.6% yoy, broadly in line with our estimates • Titan Cement: 4Q performance update in line • Benefit Systems: buys 47.5% stake in Benefit Partners POSITIVE • Turkcell: fined TRY 91m by Competition Board NEUTRAL • Richter: Health Canada imposes restrictions on Esmya NEUTRAL • DIGI Communications: conclusion of the anti-corruption investigation • Rostelecom: may buy DataLi...

Research Team

WOOD Morning (19 December)

HEADLINES: • Sarantis: From Greece with Love (stays BUY - transfer of coverage) • Romania macro: budget woes starting • Romanian banks: bank tax proposal NEGATIVE • Erste Bank/RBI: could be hit visibly by Romanian tax burden proposals NEGATIVE • OTE: potential impact of Romanian telecoms fee hike NEGATIVE • Romanian energy/telecoms/utilities: impact of the proposed fiscal measures on various sectors • Polish gencos: regulator delays the retail tariff hike, asks for more information NEGATIVE • ING BSK: aiming to buy a 45% stake in NN TFI NEUTRAL • Atrium: Fitch upgrades rating to BBB (from B...

Research Team

Focus: Bank Millennium announces acquisition of SocGen’s consumer wing in Poland, Eurobank; MMK’s 3Q18 financial results – 5% ahead of consensus EBITDA, 4.4% quarterly dividend yield; Polish banks – PKO BP & Pekao’s EBA stress test results

HEADLINES: • Bank Millennium: announces acquisition of SocGen's consumer wing in Poland, Eurobank POSITIVE • MMK: 3Q18 financial results - 5% ahead of consensus EBITDA, 4.4% quarterly dividend yield POSITIVE • Polish banks: PKO BP and Pekao's EBA stress test results prove strong capitalisation of both POSITIVE • Austrian banks: still sensitive to adverse scenario, but capital stronger NEGATIVE • OTP Bank: sensitive to adverse macro outlook, but hefty capitalisation more than covers the risk NEUTRAL • EME Strategy: MSCI November 2018 SAIR predictions • Turkish automotive: domestic LV sales do...

With a more favourable environment, ERSTE GROUP BANK AG improves to Slightly Positive

ERSTE GROUP BANK AG (AT), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date February 15, 2019, the closing price was EUR 32.00 and its potential was estimated at EUR 35.44.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Erste Group – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

As support levels continue to hold for the MSCI ACWI and S&P 500, our neutral but constructive outlook remains. Additionally, we reiterate our expectation for more consolidation and volatility. In today's report we highlight actionable stocks within countries that are displaying bullish price and relative strength trends. • Asia/Pacific. In Japan, the TOPIX continues to exhibit leadership characteristics. Stay overweight. Broadly speaking, global Consumer Staples stocks are lagging, but Japan is the exception. Hong Kong's Hang Seng Index also remains on bullish footing... see pages 2 and 5-11...

David Nikoski

Int'l Insights: Bullish Stocks

• European banks present a pullback opportunity. The industry's two-month decline is testing support, and individual names are beginning to inflect higher, ranging from UBS Group (UBS) and Commerzbank (CBK-DE) to Intesa Sanpaolo (ISP-IT) and Deutsche Bank (DB). • French banks are particularly attractive. Both BNP Paribas (BNP-FR) and Societe Generale (GLE-FR) retraced to the 9-year base patterns they broke out from earlier this year. Credit Agricole (ACA-FR) is just beginning to break out from a similar pattern. Buy. • This is a reiteration of our original recommendation on Oct. 18, 2016. F...

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