Erste Group Bank AG history, profile and history video

 Erste Group Bank AG is engaged in the provision of banking and financial services. It operates through the following segments: Retail and Small and Medium Enterprises (SME), Group Corporate and Investment Banking, Group Markets, and Corporate Center. The Retail and SME segment comprises of individual regional units that focuses on local customers. The Group Corporate and Investment Banking segment includes the large corporate, investment banking, real estate, equity capital markets, and international business lines. The Group Markets segment is composed of the Group Treasury and Group Capital Markets. The Corporate Center segment provides marketing, organization, and information technology services. It offers lending, deposit and investment products, and real estate financing and project development. It also performs market-making, capital market research and product structuring. The company was founded in 1819 and is headquartered in Vienna, Austria.

“Erste Group Bank History

Erste Group was founded in 1819 as the first Austrian savings bank. In 1997, Erste Group went public with a strategy to expand its retail business into Central and Eastern Europe (CEE). Since then Erste Group’s customer base has grown through numerous acquisitions and organic growth from 600,000 to around 16.6 million. More than 99% of all clients are citizens of the European Union, which gives the countries a stable regulatory framework that supports their economic development. Today Erste Group is one of the largest financial services providers in the Eastern part of EU in terms of clients and total assets. Its core activities, besides the traditional strength in serving private individuals, include advisory services and support for corporate clients in financing, investment and access to international capital markets, public sector funding and interbank market operations.”

*Information from Forbes.com and Erstebank.com

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