Investing in Erste Group

Last update: 30.04.2024

Willi Cernko, CEO of Erste Group Bank AG
"The first quarter was a good one for our banking group. Risk costs are at a moderate level compared to the long-term average. The fundamental stability of our business model is also evident in our solid equity ratio. Because we have for many years been using our good business performance to strengthen our capital base, we are in a position to support the people in our region with their growth and financing plans.”

Stefan Dörfler, CFO of Erste Group Bank AG
"A solid development in net interest income and net commission income, as well as risk costs that remain at a still moderate level -- these factors helped us to post first-quarter results that build on last year’s good results. Thanks to this performance, we believe we are well positioned for the changing interest rate environment and the forecast economic development in our region.”

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.