Erste Bank Leads Czech Stocks Lower on Economy, Greek Debt Risk

Erste Group Bank AG (EBS) declined for a second day, leading Czech stocks down before a report that may confirm a contraction in the euro-area economy and as investors weighed Greece’s chances of avoiding default.

The Austrian lender dropped 2.2 percent to 462 koruna by 10:30 a.m. in Prague. The 14-member PX (PX) equity gauge, where Erste has a 22 percent weighting, retreated 0.7 percent.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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