Erste Group Bank AG

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.

Bank Category

Savings banks

Financials

Total Assets (2017)
61 130.72 mln EUR  (+1.84%)
Net Income (2017)
515.76 mln EUR  (+20.00%)

In 2017 total assets of Erste Group Bank AG were 61 130,72 mln EUR. In 2017 the bank's net income was 515,76 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 deposit guarantee scheme of Austria. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Contacts

Am Belvedere, 1, 1100, Wien, Austria
162
050100/10100
050100/910100

Erste Group Bank AG is located in Wien.

Bank Identifiers

BIC (SWIFT)
GIBAATWGXXX
MFI ID
AT0000019554466
Bank Sort Code
20100
Company Number
33209m
Established On
27 April 1993

Financial Positions

Total Assets (2017)
61 130.72 mln EUR  (+1.84%)

In 2017 total assets of Erste Group Bank AG were 61 130.72 mln EUR. Growth compared to the previous period (2016) was 1.84%. The evolution of the total assets of Erste Group Bank AG is shown at Chart 1 below.

Total Assets of Erste Group Bank AG.

Chart 1. Total Assets of Erste Group Bank AG.

Recent changes in total assets of Erste Group Bank AG and its main components are shown in Table 1.

2016 2017 % change
Loans to banks 15 898.0 21 954.2 +38.09%
Loans to customers 13 683.9 13 684.0 0.00%
Bonds and other fixed-income securities 5 184.9 3 770.5 -27.28%
Shares and other variable-yield securities 945.1 800.8 -15.26%
Total Assets 60 028.6 61 130.7 +1.84%
Table 1. Recent changes in total assets of Erste Group Bank AG (mln EUR).

Recent changes in total liabilities of Erste Group Bank AG and its main components are shown in Table 2.

2016 2017 % change
Bank deposits 20 866.2 23 750.0 +13.82%
Customer deposits 4 482.2 4 733.3 +5.60%
Total Liabilities 60 028.6 61 130.7 +1.84%
Table 2. Recent changes in total liabilities of Erste Group Bank AG (mln EUR).

Profit and Loss

Operating Income (2017)
1 374.58 mln EUR  (-14.22%)
Net Income (2017)
515.76 mln EUR  (+20.00%)

Recent changes in gross profit of Erste Group Bank AG and its main components are shown in Table 3.

2016 2017 % change
Commission Income 141.0 149.5 +6.02%
Commission Charges -113.7 -123.0 +8.23%
Interest Income 1 278.1 1 093.9 -14.41%
Interest Charges -942.8 -826.1 -12.38%
Net Interest Income 335.3 267.8 -20.12%
Table 3. Recent changes in gross profit of Erste Group Bank AG (mln EUR).

In 2017 net income of Erste Group Bank AG was 515.76 mln EUR. Growth compared to the previous period (2016) was 20.00%. The evolution of the net income of Erste Group Bank AG is shown at Chart 2 below.

Net Income of Erste Group Bank AG.

Chart 2. Net Income of Erste Group Bank AG.

Market Share and Rank (among banks in Austria)

Total Assets (2015)
2nd (market share 7.42%)

In 2015 Erste Group Bank AG was ranked the 2nd largest bank in Austria in terms of total assets, having 7.42% of the domestic market share.

Market share of Erste Group Bank AG (among banks in Austria)

Chart 3. Market share of Erste Group Bank AG (among banks in Austria)

Several banks having the market shares and ranks closest to Erste Group Bank AG are shown below.

RankNameTotal AssetsMarket Share
1UniCredit Bank Austria AG123593.92 mln EUR15.20%
2Erste Group Bank AG60351.65 mln EUR7.42%
3Raiffeisen Bank International AG52533.77 mln EUR6.46%
 

Market Share and Rank (among Savings banks in Austria)

Total Assets (2015)
1st (market share 41.33%)

In 2015 Erste Group Bank AG was ranked the 1st largest savings bank in Austria in terms of total assets, having 41.33% of the category's market share.

Market share of Erste Group Bank AG (among Savings banks in Austria)

Chart 4. Market share of Erste Group Bank AG (among Savings banks in Austria)

Several savings banks having the market shares and ranks closest to Erste Group Bank AG are shown below.

RankNameTotal AssetsMarket Share
1Erste Group Bank AG60351.65 mln EUR41.33%
2Erste Bank der oesterreichischen Sparkassen AG22757.81 mln EUR15.59%
3Steiermärkische Bank und Sparkassen AG12669.34 mln EUR8.68%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BBB+ (good credit quality) A2 (upper medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Erste Group Bank AG is rated by Fitch and Moody's.

Credit ratings assigned to Erste Group Bank AG as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Erste Group Bank AG it is set to BBB+ (good credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Erste Group Bank AG is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  5
Support Rating Floor  NF

Viability rating for Erste Group Bank AG is set to bbb+ (good fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Erste Group Bank AG it is set to A2 (upper medium grade). Long-term bank deposit rating is A2 (upper medium grade). Baseline credit assessment is baa1. Short-term rating is not assigned.

Long-Term Rating  A2
Long-Term Bank Deposit Rating  A2
Baseline Credit Assessment  baa1
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Erste Group Bank AG is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Austria are obliged to participate in Austrian deposit guarantee scheme.

In the case of Erste Group Bank AG failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons, legal entities
Covered Accounts  all balances on interest-bearing and non-interest bearing accounts
Covered Currencies  EEA currencies
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Erste Group Bank AG and its components are shown in the table below.

BIC  GIBAATWGXXX
Bank BIC Code  GIBA
Country Code  AT (Austria)
Location Code  WG
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Erste Group Bank AG is shown in the table below.

MFI ID  AT0000019554466

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  20100

In Austria the code consists of five digits.


Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  33209m

European Presence: 3 banks in 3 countries

Erste Group Bank AG operates under the brand name Erste Group Bank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

  • (this bank) Erste Group Bank AG (Wien)

Germany

United Kingdom

Defunct Banks: 1 bank in 1 country

The following banks operating under Erste Group Bank brand name has been recently closed down:

Cayman Islands