Erste Group Bank AG

 (3.0; 2 ratings)
3.0 2
Business Focus
retail banking

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

Services

retail banking
private banking
corporate banking
investment banking

Clients

natural persons
small- and medium-sized enterprises
companies
public-sector organizations

Area Served

ATAustria

Products

current accounts
debit cards
credit cards
savings accounts
time deposit accounts
pension plans
housing savings
consumer loans
car loans
mortgage loans
trading accounts
business accounts
business payment cards
business loans

Account Opening

Becoming a client of Erste Group Bank AG can be done in a few steps:
1.
Submit online application
2.
Visit bank branch

Ways to Bank

Erste Group Bank AG delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of Erste Group Bank AG
Net_income of Erste Group Bank AG
Market Share of Erste Group Bank AG
Total Assets (2018)
67,314.08 mln EUR  (+10.11%)
Net Income (2018)
601.72 mln EUR  (+16.67%)

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.

Credit Ratings

Fitch: BBB+
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: A2
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

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).

Deposit Guarantee

Protected Amount
up to 100,000 EUR
Guarantee Fund
Sparkassen-Haftungs GmbH (s-Haftungs)
Covered Depositors
natural persons (Austrian and foreign)
legal entities (Austrian and foreign)
Covered Accounts
all balances on bank accounts

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.

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
Bank Sort Code
20100
LEI
PQOH26KWDF7CG10L6792
Company Number
33209m
MFI ID
AT0000019554466

Bank History

Established On
27 April 1993