Erste Group Bank AG

Type: Company
Name: Erste Group Bank AG
Nationality: Austria
Web Address: http://www.erstegroup.com/en
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Turkey rating upgrade to boost stocks, bonds: analysts

17/05/2013 | Antonia OpritaThe second upgrade to investment grade status for Turkey, although priced in, is still likely to give a lift to the country's stock market and to its bondsRating agency Moody's raised Turkey's rating to Baa3 from Ba1 late on ... [Published Emerging Markets - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Erste Group Bank AG Announces Authorization to Acquire Own Shares

1:16pm BST Erste Group Bank AG (EGB) announced that it has decided, at its Annual General Meeting on May 16, 2013, to acquire own shares for the duration of 30 months from the date of the resolution, until November 15, 2015, of up to 10% of EGB registered ... [Published Reuters UK - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Alpine Holding’s Bonds Tumble as Assets Proving Tough to Sell

May 17 (Bloomberg) -- Alpine Holding GmbH’s bonds tumbled as the construction company said it’s proving hard to sell assets, undermining restructuring plans.Alpine’s bonds due July 2015, June 2016 and May 2017 were quoted at 45 to 60 cents on the euro ... [Published La Repubblica - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

ZEW expectations index for Poland grows

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, grew 5 points to 37.4 points in May. However, assessment of the current economic situation fell by 15.4 points to -9.4 ... [Published Warsaw Business Journal - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Gold is money not because it is scarce but because it is abundant

The Honorable Ron Paul says: Why is gold good money? Because it possesses all the monetary properties that the market demands: it is divisible, portable, recognizable and, most importantly, scarce – making it a stable store of value. True. Yet those ... [Published The Cobden Centre - May 17 2013]
First reported May 17 2013 - Updated May 17 2013 - 1 reports

Baker & McKenzie Advises on Erste Bank Ukraine Sale

– Global law firm Baker & McKenzie advised Erste Group Bank AG in respect of English and Ukrainian law matters relating to the sale of its Ukrainian subsidiary, Public Company “Erste Bank."On 20 December 2012, Erste Group Bank AG signed an agreement with ... [Published Baker & McKenzie - May 17 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Austria's Erste Group says can repay state aid

Austria's Erste Group Bankcould repay at any time the 1.2 billion euros ($1.54billion) it got in state aid during the global banking crisis,it said on Thursday, but reiterated it still had no schedule fordoing so. "We already feel placed for this," finance ... [Published Reuters - May 16 2013]
First reported May 16 2013 - Updated May 16 2013 - 1 reports

Wind farms get green light

that it will be providing an €140 million loan to finance wind farms in Lower Austria. A first €28 million instalment was signed on the same day in Bruck by EIB Vice-President Wilhelm Molterer and Dr Thomas Uher the CEO of Austria’s Erste Bank, which ... [Published New Europe - May 16 2013]
First reported May 15 2013 - Updated May 15 2013 - 1 reports

Hungary returns to growth but Czech downturn deepens

Hungary's economy unexpectedly broke out of recession in the first quarter and Romania expanded faster than forecast, but their regional peer the Czech Republic plunged deeper into its longest downturn in two decades.The European Union's developing members ... [Published Reuters - May 15 2013]
First reported May 08 2013 - Updated May 09 2013 - 2 reports

Energiepark Wins $184 Million EIB Loan for Austrian Wind Power

Energiepark Bruck, an Austrian renewable-energy developer, won a 140 million-euro ($184 million) loan from the European Investment Bank to finance wind power in the nation.The money will be used to build seven projects totaling 150 megawatts and requiring ... [Published BusinessWeek - May 09 2013]
First reported May 02 2013 - Updated May 02 2013 - 2 reports

Erste Group Immorent to develop new IMMOPARK logistics centers in central Europe (CZ/SK)

Erste Group Immorent was granted the construction permit for a new distribution center, IMMOPARK Praha, to be developed in the Czech Republic. The group thus continues to expand its European network of production, logistics and storage IMMOPARKs, after ... [Published Europe Real Estate - May 02 2013]
First reported Apr 22 2013 - Updated Apr 22 2013 - 6 reports

Austrian ERSTE Bank Actions Caused Concerns on Inobservance ofUkrainian Consumers' Rights

/PRNewswire/ --Participants of the international roundtable "Constitutional Rights and Rights of Financial Service Consumers", which took place in Kyiv on April 16, 2013, urged EU governments, European financial institutions and international organisations ... [Published Biz Journals - Apr 22 2013]

Quotes

The upgrade is "unlikely to have a direct significant impact on the GDP growth and the current account deficit" said Bank of America Merrill Lynch analyst Turker Hamzaoglu, but it means the country will have access to longer-term and better qualify funding from...
"If anything, the current circumstance only hastens us on that journey. Like us, all coal producers are deeply discounted, so it's a pretty good time to be looking for acquisitions" says Penny, stressing that the company is "not poised" to strike any deal
"I can’t expect that the first reaction of the banks to be asked would be glowingly positive," Liebscher said. "But this would be the optimal model in the interest of the other banks as well, because they would serve Austria as a financial center and thereby serve themselves well."
"I find Erste Group's contribution to the Austrian banking sector is fully covered with this," he said. "We don't intend to make an additional contribution. Others should do this."

More Content

All (125) | News (115) | Reports (1) | Blogs (3) | Audio/Video (0) | Fact Sheets (3) | Press Releases (2)
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Romania?s upcoming privatizations feature in Wa... [Published Romania Business Insider - 19 hours ago]
Erste Group Bank AG Announces Authorization to ... [Published Reuters UK - May 17 2013]
Alpine Holding’s Bonds Tumble as Assets Proving... [Published La Repubblica - May 17 2013]
Turkey rating upgrade to boost stocks, bonds: a... [Published Emerging Markets - May 17 2013]
ZEW expectations index for Poland grows [Published Warsaw Business Journal - May 17 2013]
Gold is money not because it is scarce but beca... [Published The Cobden Centre - May 17 2013]
Baker & McKenzie Advises on Erste Bank Ukraine ... [Published Baker & McKenzie - May 17 2013]
Czech miner NWR raked over the coals [Published Business New Europe - May 16 2013]
Austria’s Erste Joins UniCredit in Snubbing Cal... [Published BusinessWeek - May 16 2013]
Austria's Erste Group says can repay state aid [Published Reuters - May 16 2013]
Wind farms get green light [Published New Europe - May 16 2013]
Austrian rivals baulk at supporting Hypo Alpe A... [Published Sharenet - May 15 2013]
Hungary returns to growth but Czech downturn de... [Published Reuters - May 15 2013]
New Investment Certificates on PSE [Published Noodls - May 14 2013]
Wind remains king in Romania with over 2,000MW ... [Published Balkans.com - May 14 2013]
Aegis Media?s Isobar strengthens its position i... [Published Noodls - May 14 2013]
Erste Bank : Interim Report First Quarter 2013 ... [Published WorldRegInfo - May 14 2013]
Croatia Sheds Bombs for Wine Cafe Culture as EU... [Published BusinessWeek - May 13 2013]
Bank Austria Q1 net down 29 pct, loan writedown... [Published Reuters - May 13 2013]
East Europe Bad Debt Legacy Holds Back Recovery... [Published La Repubblica - May 11 2013]
East Europe Seeks Growth Drivers as Development... [Published La Repubblica - May 10 2013]
Eastern Europe’s Growth Tops Agenda as Developm... [Published BusinessWeek - May 10 2013]
Raiffeisen open to buying banks in CEE [Published Emerging Markets - May 09 2013]
Romanian bank BCR announces loans of over EUR 1... [Published Romania Business Insider - May 09 2013]
Gedeon Richter Profit Beats Estimates as Focus ... [Published BusinessWeek - May 09 2013]
Talisman puts another dent in Poland's shale ga... [Published Business New Europe - May 09 2013]
Energiepark Wins $184 Million EIB Loan for Aust... [Published BusinessWeek - May 09 2013]
ČEZ sees its profits jump in Q1 [Published Prague Post - May 09 2013]
Bank chiefs optimistic about MNB "Funding for G... [Published Budapest Business Journal - May 09 2013]
Appeninn acquires Gellért Hill property [Published Eurobuild - May 08 2013]
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Blogs

sort by: Date | Relevance
Gold is money not because it is scarce but beca... [Published The Cobden Centre - May 17 2013]
The Honorable Ron Paul says: Why is gold good money? Because it possesses all the monetary properties that the market demands: it is divisible, portable, recognizable and, most importantly, scarce – making it a stable store of value. True. Yet those ...
Julia Király quits with a j'accuse [Published Eastern approaches - The Economist - Apr 08 2013]
JULIA KIRÁLY, a deputy-governor of the National Bank of Hungary, stepped down on April 8th. Her resignation was not unexpected but her very public attack on György Matolcsy, the new governor of Hungary’s central bank, has caused ripples at home and ...
Romania Press Review – January 08, 2013 [Published Balkan Insight - Jan 08 2013]
Justice Minister is against a prosecutor leading CSM, Private pension funds generated yields of around 10 percent in 2012, Erste Group forecasts 1.1 per cent GDP growth in Romania ...
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Press Releases

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Les agissements de la banque autrichienne ERSTE... [Published PR Newswire - Apr 22 2013]
Das Verhalten der österreichischen ERSTE Bank e... [Published PR Newswire - Apr 22 2013]
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