Erste Group

Erste Group Bank AG
Company typeAktiengesellschaft
ISINAT0000652011
IndustryFinancial services
Founded9 August 2008 (October 1819 as the first Austrian savings banks)
HeadquartersVienna, Austria
Area served
Central and Eastern Europe
Key people
Peter Bosek (CEO), Stefan Dörfler, Alexandra Habeler-Drabek, Ingo Bleier, Maurizio Poletto
ProductsRetail and commercial banking, investment and private banking, asset management
€10.552 billion (2023)[1][2]
€7.228 billion (2023)[1][2]
Total assets€337.2 billion (2023)[1]
Total equity€28.5 billion (2023)[1]
Number of employees
45,709 (2023)[1]
Websitewww.erstegroup.com

Erste Group Bank AG (shortened version Erste Group) is an Austrian financial service provider. It is one of the largest financial service providers in Central and Eastern Europe serving more than 16 million clients in over 2,000 branches in seven countries.[3] Erste Group is headquartered in Vienna and operates as a universal bank.[4]

Erste Group is the central entity of the Sparkassengruppe Österreich (Austrian Savings Banks Group) and the Österreichischer Sparkassenverband. It has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[5][6] The main shareholder of Erste Group is the non-profit ERSTE Foundation.[7]

In 1997, Erste Group 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.[8]

  1. ^ a b c d e "Erste Group: Annual Report 2023". Erste Group. Retrieved 24 June 2024.
  2. ^ a b "Annual Report 2023, Key financial and operating data". Erste Group. Retrieved 24 June 2024.
  3. ^ "Banken: Erste Group macht mehr Gewinn als erwartet" [Banks: Erste Group makes more profit than expected]. Handelsblatt (in German). 31 July 2023. Retrieved 22 April 2024.
  4. ^ "Erste Group: What about savings rates, Mr. Cernko?". Stock Exchange Analyst. 28 February 2023. Retrieved 22 April 2024.
  5. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  6. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  7. ^ "Ausstieg der Caixa bei Erste Bank schwächt Kernaktionäre" [Caixa's exit from Erste Bank weakens core shareholders]. Kurier (in German). 5 November 2021. Retrieved 22 April 2024.
  8. ^ "About us". Erste Group. Retrieved 19 June 2024.