Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Erste Has High Exposure to Czech Bonds, Mittendorfer Tells LN

Don't Miss Out —
Follow us on:

Aug. 11 (Bloomberg) -- Erste Group Bank AG’s exposure to Czech sovereign bonds and deposits at the Czech National Bank is “significantly higher” than the lender’s investments into Austrian bonds, Chief Risk Officer Gernot Mittendorfer told Lidove Noviny in an interview.

The lender has an “optimistic” view on the Czech market, which is a “key” for Erste, and doesn’t have any interest in withdrawing money from its Czech unit in order to invest it in other countries, Mittendorfer, former chief executive officer of Erste’s Czech unit Ceska Sporitelna AS, told the newspaper.

To contact the reporter on this story: Lenka Ponikelska in Prague at lponikelska1@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net