Report
Robert Brzoza

Erste Group - Results above forecast helped by cost of risk releases (neutral)

Research prepared by PKO BP Securities
Underlying
Erste Group Bank AG

Erste Group is a financial services provider based in Austria. As of Dec 31 2015, Co.'s total assets amounted to Euro199,743 million and the number of customers was approximately 16.5 million. Co.'s key business is the retail business, covering the entire spectrum from lending, deposit and investment products to current accounts and credit cards. In addition to providing financial services to private individuals, Co.'s core activities also include advisory services and support for corporate clients in financing, investment and access to international capital markets, public sector funding and interbank market operations.

Provider
PKO Bank Polski
PKO Bank Polski

Analysts
Robert Brzoza

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