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News about Andreas Treichl
Erste Bank 3Q net 72%, beats viewsAustria-based lender Erste Group Bank AG on October 30 posted better-than-expected third-quarter results and gave details of a planned €1.65 billion capital increase to help see it through the financial and economic crisis, Wall Street Erste Bank profits fall 27% on CEE write-downs  Austria's Erste Group Bank has reported that its net profit declined by 26.8 percent to 860 million Euro in 2008, as it wrote down premiums on asset values in three Central and Eastern European daughter Erste Bank gobbles up Weinviertel Savings Bank Erste Bank has announced it acquired Weinviertel Savings Bank (Weinviertler Sparkasse). Erste Bank said in a press release it had signed a contract for purchase of a 99 percent interest in the savings bank and the Vienna Insurance pledge to be Erste’s ‘White Knight’ Erste bank is safe in the knowledge that it will remain Austrian after the chief of Vienna Insurance Group pledged to step in and front the cash in the case of a hostile takeover from Erste Bank trades on Bucharest Stock Exchange On February 14, Erste Bank announced that trading of its shares started on the Bucharest Stock Exchange, making it the first foreign share to trade in Romania. “Romania is a crucial market for Erste Bank Erste Bank Q3 net profit up 34% Erste Bank late last month reported a net profit increase of 34.1 percent to 271.9 million Euro (USD 391.5 million) for the third quarter of 2007, compared with the same period last year. Profits were Enlargement boost for banking sector  The European Union continues to grow slow but steady now expanding its eastern borders and the European banking sector is following in its foot steps with a range of diversification taking place. Despite growing competition BCR profits rise by 38% to 254 mln Euro Romanian bank Banca Comerciala Romana (BCR) posted a net profit of 254 million Euro (USD 336 million) in 2006, up by 38 percent from a year earlier, BCR’s majority owner, Austria’s Erste Bank, said on Austrian Erste Bank increases profits by 30%  Austria’s second largest bank, Erste Bank, said February 28 that its net profits after minority interest rose by 30.1 percent to 932.2 million Euro in 2006, Deutsche-Presse-Agentur (dpa) reported. The rise was mainly due to Erste Bank acquires Ukraine’s Bank Prestige Erste Bank Austria has reached agreement with the shareholders of Kyiv-based Bank Prestige to acquire 100 percent of the bank for 79.1 million Euro, Erste Bank said, Interfax reported on December 20.“Erste Bank has agreed Bank expansion continues in CEE countries Two Austrian banks announced new acquisitions in Central Europe on December 20, further increasing the influence of Austrian banks in the region, Deutsche Presse-Agentur (dpa) reported. Bank Austria Creditanstalt (BA-CA) signed an agreement in Moscow Erste Bank profit rises on Eastern European lending , Austria's second-biggest lender, said on October 30 that its net profit in the third quarter rose by 16 percent as new customers in Eastern Europe borrowed more, news reports said. Net income increased Erste Bank to pay 3.75 bln Euro for 62% of BCR Erste Bank AG, Austria’s second- largest lender, has won last Tuesday the bidding for 61.88 percent of Romania’s Banca Comerciala Romana (BCR) for 3.75 billion Euro (USD 4.45 billion). “The deal is the biggest investment Erste Bank to raise 2.75 mln Euro in shares Erste Bank der Oesterreichischen Sparkassen AG said last Monday it plans to raise 2.75 billion Euro via an issue of new shares to help finance its 3.75 billion acquisition of Romania’s largest bank, Banca Comerciala Erste wants full control of the BCR Erste Bank aims to acquire the remaining shares in the Romanian Commercial Bank (BCR) in order to reach full ownership of the bank, Erste’s Chairman Andreas Treihl said last Wednesday in Vienna, quoted by Ziarul Erste Bank to pay 3.75 billion Euro for BCR takeover Austrian Erste Bank der Oesterreichischen Sparkassen will deposit 3.75 billion Euro in an escrow account open at Citibank London for the Romanian Commercial Bank (BCR) takeover, said last Thursday representatives of the bank’s shareholders to Erste Bank 9 months net up 40% Austrian banking group Erste Bank said last Monday net profit rose 39.9 percent in the first nine months of 2005 to 508.8 million Euro from 353.6 million a year earlier. Managing director Andreas Treichl said: Strong market growth helps drive up Erste Bank results Erste Bank confirmed the growth potential of its booming franchises in central and eastern Europe with an almost 50 percent leap in net profits after minorities to 382.6 million Euro (USD 496 million) in the Erste Bank on solid Central European banking business Solid economic growth is helping to underpin Central Europe’s banking business with Austrian-based Erste Bank announcing last Monday that it was lifting its dividend after net profit surged by 54 percent last year, Deutsche Presse-Agentur Erste Bank reinforces presence in Hungary The board of the Hungarian State Privatisation and Holding Company (APV) recently announced Erste Bank der oesterreichischen Sparkassen AG as the winner of the tender for the privatisation of Postabank es Takarekpenztar Rt. Erste Bank |
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