Erste Group Bank Share News

Erste Group Bank AG (OTCPK:EBKOF) Q1 2024 Earnings Call Transcript April 30, 2024 3:00 AM ET Company Participants Thomas Sommerauer - Head of Investor Relations Willi Cernko - Chief Executive Officer Stefan Dorfler - Chief Financial Officer Alexandra Habeler-Drabek - Chief Risk Officer Conference Call Participants Benoit Petrarque - Kepler Cheuvreux Mate Nemes - UBS Johannes Thormann - HSBC Kri...

Austrian bank Erste Group has performed well since my previous coverage last summer, outperforming wider European financials by around 15ppt following strong 2023 earnings and guidance. 2024 profit guidance looks bullish given where we are in the cycle, with the bank guiding for a strong 15% return on tangible equity. At around 1x tangible book value, Erste shares remain attractive and offer so...

Erste Group will pay a dividend of 2.70 EUR based on its 2023 results. European banks, including Erste Group, are navigating volatile times well due to healthy cash balances and lower unrealized losses on debt securities. Erste Group's net interest income increased by over 20% in 2023, and the bank expects its loan book to continue growing in 2024.

Erste Group Bank AG (EBKDY) Q4 2023 Earnings Call Transcript

The European Bank for Reconstruction and Development is selling its 15% stake in Erste Group Bank's Hungarian unit back to the Austrian group after the Hungarian government's recent exit from the bank, a top EBRD official told Reuters.

Erste Group Bank AG (EBKOF) Q3 2023 Earnings Call Transcript

Erste Group's earnings remain robust, with pre-tax profit increasing to 2.44B EUR and net income of 1.49B EUR. The bank's coverage ratios for loans in Stage 2 and 3 have increased, indicating a good grip on potential risks.

Erste Group Bank AG (OTCPK:EBKOF) Q2 2023 Earnings Conference Call July 31, 2023 3:00 AM ET Company Participants Thomas Sommerauer - IR Willi Cernko - CEO Stefan Dörfler - CFO Alexandra Habeler-Drabek - CRO Conference Call Participants Mehmet Sevim - JPMorgan Mate Nemes - UBS Benoit Petrarque - Kepler Johannes Thormann - HSBC Gabor Kemeny - Autonomous Research Riccardo Rovere - Citi Hugo Cruz -...