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    EBS   AT0000652011

ERSTE GROUP BANK AG

(EBS)
  Report
Delayed Wiener Boerse  -  11:35 2022-06-24 am EDT
26.11 EUR   +2.27%
06/22ERSTE BANK : Notification - Director's dealings - art.19 MAR
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06/21ERSTE BANK : 21.06.2022 – Publication of a transaction regarding Erste Group Bank AG shares in compliance with section 7 Publication Ordinance VeröffentlichungsVO) to section 119 (9) Austrian Stock Exchange Act (BörseG) considered treasury shares within the meaning of section 65 Stock Corporation..
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06/20ERSTE BANK : 20.06.2022 - Framework programme for transactions in own shares with the purpose of transferring those shares to Erste Employee Foundation (Erste Mitarbeiterbeteiligung Privatstiftung), to its beneficiaries, to employees, senior staff and the individual board members of Erste Group Bank AG..
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Erste Bank : Group Profit Almost Halved on Pandemic Provisions

02/26/2021 | 02:03am EDT

By Joshua Kirby

Erste Group Bank AG said Friday that its net profit plunged in 2020, largely as a result of increased provisions relating to the coronavirus pandemic.

The Austrian bank's net profit for the year came to 783.1 million euros ($953.5 million), down from EUR1.47 billion in 2019. Risk provisions of close to EUR1.3 billion for loan losses in the aftermath of the pandemic hit the result, Erste Group said.

Net interest income was up slightly at EUR4.77 billion, while net fee and commission income slipped 1.2% to EUR1.98 billion. Operating income came to EUR7.16 billion, down from EUR7.23 billion previously.

In line with European Central Bank recommendations, the bank will propose a dividend of EUR0.50 a share for the year at the next general meeting, and will also reserve up to EUR1.00 a share for a future potential payout.

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

(END) Dow Jones Newswires

02-26-21 0202ET

All news about ERSTE GROUP BANK AG
06/22ERSTE BANK : Notification - Director's dealings - art.19 MAR
PU
06/21ERSTE BANK : 21.06.2022 – Publication of a transaction regarding Erste Group Bank AG..
PU
06/20ERSTE BANK : 20.06.2022 - Framework programme for transactions in own shares with the purp..
PU
06/16ERSTE BANK : CEO appointment
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06/16Erste Bank Picks Willi Cernko as New CEO
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06/15Erste Group announces Willibald Cernko as new CEO
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06/15Erste Group Bank AG Appoints Willi Cernko as the New Ceo, Effective July 1, 2022
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06/15ANALYSIS-EAST EUROPE'S NEXT INFLATIO : wages racing with prices
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06/07ERSTE BANK : 07.06.2022 - 2nd Major holdings notification pursuant to Sec. 130 to 134 Börs..
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06/03ERSTE BANK : 03.06.2022 - Major holdings notification pursuant to Sec. 130 to 134 BörseG 2..
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Analyst Recommendations on ERSTE GROUP BANK AG
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Financials
Sales 2022 8 229 M 8 680 M 8 680 M
Net income 2022 1 893 M 1 997 M 1 997 M
Net Debt 2022 - - -
P/E ratio 2022 5,86x
Yield 2022 6,53%
Capitalization 10 587 M 11 168 M 11 168 M
Capi. / Sales 2022 1,29x
Capi. / Sales 2023 1,22x
Nbr of Employees 44 692
Free-Float 70,5%
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Technical analysis trends ERSTE GROUP BANK AG
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 17
Last Close Price 26,11 €
Average target price 44,17 €
Spread / Average Target 69,2%
EPS Revisions
Managers and Directors
Bernhard Spalt Chief Executive Officer
Stefan D÷rfler Chief Financial Officer
Friedrich R÷dler Chairman-Supervisory Board
David O'Mahony Chief Operating Officer
Andreas Lachs Member-Supervisory Board
Sector and Competitors