Erste Bank : Presentation Press Conference H1 2023
July 31, 2023 at 05:09 am EDT
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PRESS CONFERENCE, 31 JULY 2023
Half-year results 2023
Willi Cernko, Chief Executive Officer
Stefan Dörfler, Chief Financial Officer
Alexandra Habeler-Drabek,Chief Risk Officer
Ingo Bleier, Chief Corporates & Markets Officer
GDP growth in 2022: A strong starting base
+2.5%
+1.7%
+4.9%
+4.6%
+4.7%
+6.2%
eurozone
+3.5%
+2.3%
Erste region Ø
+4.0%
Source: Erste Group Research
2
GDP forecast for 2023: Growth - but significantly lower
+0.2%
+1.5%
+0.6%
+0.5%
+2.1%
+2.6%
eurozone
+0.5%
+1.6%
Erste region Ø
+1.0%
Source: Erste Group Research
3
GDP forecast for 2024: CEE back to solid growth
+2.8%
+2.5%
+1.6%
+4.1%
+4.2%
+2.6%
eurozone
+1.3%
+3.8%
Erste region Ø
+2.9%
Source: Erste Group Research
4
Budget deficits: Significant improvements expected in 2024
IN % OF GDP
2022
2023e
2024e
Maastricht criteria
AT
CZ
SK
-1.6
-2.0
-2.8
-3.2-3.2
-3.6
-4.0-4.0
-5.5
eurozone Ø
2022:
-3.6%
2023e:
-3.2%
2024e:
-2.4%
HU
RO
HR
RS
0.4
-0.8
-2.2
-3.0
-2.8
-3.4
-3.2
-3.5
-4.2
-4.7
-6.2-6.2
Source: Erste Group Research
5
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Erste Group Bank AG published this content on 31 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2023 09:08:03 UTC.
Erste Group Bank AG is one of the leading Austrian banking groups. Net interest income by activity breaks down as follows:
- retail banking (42.4%);
- corporate banking (24.7%)
- investment, finance and market banking (8.4%);
- other (24.5%).
At the end of 2022, the group was managing EUR 222.6 billion in current deposits and EUR149.3 billion in current loans.
Products and services are marketed through a network of 2,029 branches located in Austria (797), Czech Republic (398), Romania (321), Slovakia (190), Croatia (133), Hungary (102) and Serbia (88).
Net interest income breaks down geographically as follows: Austria (44.7%), Europe (52.8%) and other (2.5%).