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Erste Bank Hungary

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Extra Financial Benefits for Erste Bank Hungary Staff

Sep 13, 2022

Erste Bank Hungary contributes to the financial health of its employees with extra financial benefits and an early pay rise. In September, all eligible employees of the financial institution also received EUR 350 from the Austrian parent bank. A press release by the company says that in view of the rising cost of living due […]

Erste Bank Hungary to Acquire Commerzbank Hungary

Sep 2, 2022

Erste Bank has received regulatory approval to acquire the Hungarian subsidiary of Commerzbank. Migration preparations are already underway and the transaction is expected to be completed in the second half of 2022 with the integration of Commerzbank's Hungarian subsidiary, which will allow Erste to further expand its corporate business. According to a statement by Erste […]

Sberbank Collapse Sent Erste Hungary into the Red

May 4, 2022

Erste Bank Hungary posted a negative result after tax in the first quarter. One of the main reasons for this is that the National Deposit Insurance Fund ordered an extra payment of HUF 7.9 billion due to the liquidation of Sberbank. Erste closed the first quarter with a minus of HUF 908 million, the bank's […]

Erste Hungary International Bonds Oversubscribed

Feb 2, 2022

Erste Bank Hungary has completed the first international bond auction in its history, issuing EUR 350 million worth of securities with a significant oversubscription of more than 40%, the financial institution informed the state news agency MTI on Wednesday. The statement said that the bonds, with a fixed interest rate of 1.25% per annum and […]

Fruitful First Quarter at Erste Bank Hungary

May 5, 2021

Erste Bank Hungary closed the first quarter of this year with a profit after tax of HUF 15.1 billion. Operating income was 24.1% higher than in the same period of the previous year, while expenses increased by a much lower 6.3 %. Lending growth in both the retail and corporate segments slowed compared to last […]

Orsolya Szalay, Erste Social Banking

Social Banking Program at Erste Bank

Mar 22, 2021

Erste Group helps socially beneficial businesses in Central and Eastern Europe during the coronavirus epidemic with interest-subsidized loan. The Erste Group's Social Banking program helps companies in Central and Eastern Europe that do socially useful work by providing them with an emergency working capital loan at which the interest is paid by the Erste Foundation […]

Third Quarter Profit at Erste Bank Hungary

Nov 5, 2020

In the third quarter of this year, the Erste Bank Hungary made a profit. There was no need to make as many provisions, revenues also increased, for example, housing loans sold much better than expected, the news site reports, Erste Bank's first nine months' results show the impact of the coronavirus epidemic. Between January […]

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