February 28, 2015 8:31 AM ET


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


2,778 Employees


36 1 298 0221


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: 62
Chairwoman of Management Board and Director
Member of Management Board
Age: 62
Compensation as of Fiscal Year 2014.

Erste Bank Hungary Rt. Key Developments

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.

Erste Bank Hungary Rt. Announces Consolidated Earnings Results for the First Half Ended June 2014

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.

Erste Bank Hungary Announces Earnings Results for the First Half of Fiscal 2013

Erste Bank Hungary announced earnings results for the first half of fiscal 2013. For the six months, the bank announced a net loss of HUF 26.2 billion as revenue and client lending fell and the bank tax also weighed. The bank had a net profit of HUF 2.4 billion in first half last year. Net interest income fell 16% to HUF 46.3 billion from HUF 55.4 billion. Net commission income grew 25% to HUF 17.5 billion from HUF 14.1 billion, but trading activity resulted in a loss of HUF 540 million instead of a plus of HUF 1.89 billion a year ago.

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