Founded in 1819, Erste Group Bank AG was the first Austrian savings bank. Erste Group is one of the largest financial services providers in Central and Eastern Europe. Erste Group Bank is a universal bank, offering a full range of retail, private, corporate and investment banking products and services to individuals, families, companies and financial institutions.
Erste Group Bank AG is the 2nd largest bank in Austria in terms of total assets. In 2018 its total assets were 67 314,08 mln EUR, providing the bank with the market share of 8.31%. Erste Group Bank AG is the 1st largest savings bank in Austria (out of 49 savings banks) having market share of 40.56% amongst the banks of this category. In 2018 the bank's net income was 601,72 mln EUR.
Erste Group Bank AG is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade).
Erste Group Bank AG participates in the deposit guarantee scheme of Austria. This deposit guarantee scheme applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign) and covers up to up to 100,000 EUR per bank per depositor. Erste Group Bank AG is a member of Sparkassen-Haftungs GmbH (s-Haftungs) and makes its contributions into it.
Erste Group Bank AG is located in Wien.