Erste Bank Hungary Zrt., together with its subsidiaries, provides banking and other financial services to retail and corporate customers in Hungary. It operates in Retail, Local Corporate, Real Estate, Assets and Liability Management, Group Large Corporate, Group Markets, Corporate Centre, and Free Capital segments. The company offers savings accounts, consumer credit and mortgage lending, asset management, investment banking, securities and derivatives trading, portfolio management, project finance, foreign trade finance, corporate finance, capital market and money market services, foreign exchange trading, and factoring services, as well as overdrafts. It also provides services, such as in...
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Erste Bank Hungary Announces Earnings Results for the First Quarter of 2015
May 7 15
Erste Bank Hungary announced earnings results for the first quarter of 2015. The company's first-quarter net loss narrowed to EUR 16.6 million from EUR 53.7 million in the same period a year earlier on a big improvement in impairment. The company booked a EUR 2.3 million gain on the impairment line in first quarter, following a EUR 44.8 million loss in the base period. Net interest income fell 20% to EUR 56.3 million.
Hungary earmarks HUF 15 billion for Erste minority stake
Apr 14 15
Hungary's government has earmarked HUF 15 billion for the acquisition of a 15% minority stake in Erste Group Bank AG (WBAG:EBS)'s unit Erste Bank Hungary Rt., according to a statement of the Fiscal Council on parliament's website.
Hungary Government To Sell Stake In Erste Bank
Feb 19 15
Hungarian government will sell 15% stake in Erste Bank Hungary Rt. to a private investor within a three year time period. Mihaly Varga Hungarian Minister of National Economy told that the government acquired the stake recently and will now divest its stake.