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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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.
Erste Bank Hungary Rt. Announces Consolidated Earnings Results for the First Half Ended June 2014
Aug 8 14
Erste Bank Hungary Rt. announced consolidated earnings results for the first half ended June 2014. For the period, the company losses increased 67% to HUF 43.9 billion from the same period a year earlier as the lender set aside provisions for refunds it must pay under recently approved borrowers' relief legislation. Net interest revenue dropped 7% to HUF 43.1 billion. Net revenue from commissions and fees climbed 20% to HUF 21.1 billion. The company booked a HUF 61.5 billion loss on the other revenue and expenditures line of its earnings statement, a 132% increase from the base period.