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Erste Falls Seventh Day, Leads Czech Shares Toward Two-Month Low

March 28 (Bloomberg) -- Erste Group Bank AG declined for a seventh day, leading Czech shares toward a two-month low, after Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery isn’t assured and France’s economy grew less than expected.

The Austrian lender fell 1.9 percent to 440 koruna by 1:07 p.m. in Prague, paring its rally this year to 27 percent. The 14-member PX gauge, where Erste has a 19 percent weighting, slid 0.6 percent to 984.6, poised for its lowest close since Feb. 1.

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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