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Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and public sector customers in Austria, Central and Eastern Europe, and internationally. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products. The company also offers factoring and accounts receivable purchasing; investment, acquisition and leveraged, project, and commercial real estate finance; interest rate and currency hedging, letters of credit, documentary collections, and guarantees; account management, payments, digital-banking, and cash logistics services; equity interests and investments, revolving export credits lines, customer financing, and export guarantee; and loan syndication, and debt and equity capital market services. In addition, it provides cash management, trade finance, customer referral, markets execution, and custody and brokerage services. Further, the company offers corporate finance; portfolio management; trading and market; trade execution, market making, and short-term liquidity management; and asset/liability management services, as well as working capital and bridge loans. As of December 31, 2021, it operated 2,091 branches. The company was founded in 1819 and is headquartered in Vienna, Austria.
Erste Group was founded in October 1819 as Erste österreichische Spar-Casse in Leopoldstadt, a suburb of Vienna. After the demise of communism, the company started a strong expansion into Central and Eastern Europe and by 2008 it had acquired 10 banks. In 1997, it went public and today the company is listed on the exchanges of Vienna, Prague and Bucharest and included in the indices CEETX, ATX and PX.
On 9 August 2008 the former Erste Bank Oesterreich was split up into the newly founded holding company Erste Group Bank AG and the subsidiary Erste Bank der österreichischen Sparkassen AG; the foreign subsidiaries were taken over by the new holding company. Erste Group now includes all companies of the Group.
The IPO in Vienna in 1997 was carried out by what was then the unitary Erste Bank , which was also the institution which carried out further capital increases up until 2006, as well as a share split. Some of these transactions were the largest of their kind ever carried out in Vienna as a financial center. The capital generated by these transactions was used to finance acquisitions. On 18 July 2013 Erste Group successfully completed a capital increase in the amount of EUR 660.6 million. Erste Group shares are listed on the Vienna, Prague and Bucharest stock exchanges. Erste Group Bank AG is the most heavily weighted component of the "ATX" share index, which tracks the blue-chip shares traded on the Vienna Stock Exchange. In 2017, Erste Group received the "Best Bank in Central and Eastern Europe" award from Euromoney. That year, the publication also named Erste Group's subsidiary banks in Austria, the Czech Republic and Montenegro "Best Bank" in their respective markets, while it honored Group subsidiary Banca Comerciala Romana in Romania as "Best Bank Transformation in Central and Eastern Europe".In a ranking by Forbes Magazine of the world's largest stock corporations in 2013, Erste Group Bank came in 672nd place and was third among Austrian companies.
Our mission is to foster sustainable, inclusive and responsible economic development through innovative banking products, services and financial solutions and to help our clients in Central and Eastern Europe achieve their financial goals.
We strive to be the leading financial group in Central and Eastern Europe, offering our clients the highest standards of quality, customer service and ethical behavior.
