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Erste Group Bank AG Dec 08 Product Image

Erste Group Bank AG Dec 08

  • Published: December 2008
  • Standard & Poors

FEATURED COMPANIES

  • Banca Comerciala Romana
  • Ceska Sporitelna A.S.
  • Erste Group Bank AG
  • MORE

Abstract
Solid franchise in Austria and in neighboring Central and Eastern European (CEE) countries Still sound profitability and increasing efficiency of overall group activities Cohesiveness of Austrian savings banks Still modest capitalization--even considering scheduled capital injection of €2.7 billion--in view of large-scale CEE operations Moderate profitability in Austrian home market Increasing risks from more challenging operating environment in CEE The ratings on Erste Group Bank AG (Erste Bank) are based on the group's prominent market position in Austria and several countries in CEE, and its continued consolidated profitability improvements. They also reflect Standard & Poor's Ratings Services view of Erste Bank and the Austrian savings banks as a single economic group. These positive factors are partially offset by modest capital levels...

Companies mentioned in this report are:
- Erste Group Bank AG
- Slovenska Sporitelna A.S. (Unsolicited Ratings)
- Banca Comerciala Romana
- Ceska Sporitelna A.S.

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial READ MORE >

- Erste Group Bank AG
- Slovenska Sporitelna A.S. (Unsolicited Ratings)
- Banca Comerciala Romana
- Ceska Sporitelna A.S.

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