Erste Bank Hungary Plc. closed the first half of the year with operating income of HUF 187.5 billion and after-tax profit of HUF 69.2 billion, Chairman and CEO Radován Jelasity said at the company's press conference on Wednesday. Year-on-year, operating income increased by 6%, while after-tax profit decreased by 7%. Operating profit exceeded HUF 123.5 […]
Erste Bank Hungary Plc. (EBH) will pay a dividend of HUF 110 billion to its sole shareholder, the Austrian Erste Group Bank AG, after its 2024 financial year, the Erste Bank Hungary Plc. announced on the website of the Budapest Stock Exchange on Tuesday. According to the published written shareholder resolution – passed on April […]
Erste Bank Hungary Plc. closed last year with an improved profit profile, mainly due to the growth in the number of active customers and assets under management. Loan and bond volumes rose again in 2024, with new lending in retail loans up one and a half times, while corporate lending was 9% down on a […]
Erste Bank closed a successful first half of the year in Hungary with an operating profit of more than HUF 120 billion, up from HUF 93 billion in the previous year, and a nearly 60% increase in profit after tax to HUF 74.4 billion, Erste CEO Jelasity Radovan said at a press conference in Budapest […]
Erste Group Bank AG has repurchased EBRD's 15% stake in Erste Bank Hungary (EBH), making it the sole 100% shareholder of Erste Bank Hungary. In mid-November, it was announced that the European Bank for Reconstruction and Development (EBRD) would also return its 15% stake in Erste Group's Hungarian subsidiary to the Austrian banking group. The […]
Erste Bank Hungary Plc.'s operating profit increased from HUF 67.4 billion to HUF 150.4 billion in the first nine months of this year compared to the same period last year, the company told MTI on Wednesday. Profit after tax was HUF 89.9 billion, while the bank closed the first nine months of 2022 with a […]
Erste Group Bank AG is buying back the 15 % share of its Hungarian subsidiary, Erste Bank Hungary Plc. (EBH), currently held by the Hungarian state-owned Corvinus International Investments Plc, EBH has announced on the website of the Budapest Stock Exchange. The transaction, which is set to close in November, values that stake at HUF […]
At the end of the first half of 2023, the Bank reported a profit after tax of HUF 47.1 billion, HUF 37.3 billion higher than in the first half of the previous year. The significant increase in pre-tax profit for the first half of the year was due to higher operating revenues and lower operating […]
Erste Bank Hungary's profit after tax, including one-off effects, amounted to HUF 46.7 billion in the first half of the year, compared to HUF 4.4 billion in the same period last year and HUF 31.7 billion in the first half of 2021, the CEO of Erste Bank Hungary, Jelasity Radovan said at a press conference […]
Entrepreneurship is considered an attractive and socially valued career path in Hungary, and the number of businesses has started to rise again, according to research by Global Entrepreneurship Monitor and Erste Bank sent to MTI on Wednesday. Despite the turbulence of the past year, the public's assessment of the entrepreneurial climate in Hungary is basically […]
Erste Hungary is now carbon neutral in Hungary this year. The bank has reduced its carbon emissions by more than 70% in the last six years. All Erste branches and offices run on green electricity, and by 2030 the entire fleet will be fully electric. Social and environmental responsibility permeates the bank's entire operations, the […]
In the first quarter of the year, Erste Bank posted a profit after tax of HUF 6.3 billion, compared to a loss of HUF 1 billion a year earlier. The extra profit tax, the interest rate freeze and the extra payment due to the Sberbank bankruptcy amounted to HUF 38 billion, which together resulted in […]
Erste Bank had a successful year in 2022, with lending growth and operating income up, but profits lower than in the previous year due to one-off tax and regulatory charges, Erste CEO Jelasity Radovan has told a press conference in Budapest. He added that two acquisitions were successfully completed last year, the takeovers of Commerzbank […]
From now on, Erste Bank customers do not have to leave their four-legged pets at home when they go to the branch of the financial institution to do business. For the time being, dogs are expected in six branches, and Erste will decide on the dog-friendly concept based on the experience of a two-month trial […]
Erste Bank Hungary has successfully integrated the clients and activities of Commerzbank's Hungarian subsidiary into its corporate business. With the technical closing of the acquisition, Erste Bank became Hungary's fifth largest corporate lender, with a market share exceeding 10 percent. The customers of Commerzbank's Hungarian subsidiary, Commerzbank Plc., joined Erste Bank Hungary Zrt. smoothly, according […]
