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July 04, 2015 9:15 PM ET

Banks

Company Overview of Erste Bank Hungary Rt.

Company Overview

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...

Népfürdo u. 24-26

Budapest,  1138

Hungary

2,778 Employees

Phone:

36 1 298 0221

Fax:

36 1 272 5160

Key Executives for Erste Bank Hungary Rt.

Chairman, Chief Executive Officer and President
Director of Finance and Accounting
Chief Executive Officer of Erste Group
Age: 63
Chairwoman of Management Board and Director
Member of Management Board
Age: 63
Compensation as of Fiscal Year 2015.

Erste Bank Hungary Rt. Key Developments

Erste Bank Hungary Announces Earnings Results for the First Quarter of 2015

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

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

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.

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