About
Erste Group was founded in 1819 as the first Austrian
savings bank. Now more than 50,000 employees are serving
around 17 million clients in over 3,000 branches in 8
countries.
Erste Group is one of the largest financial services
providers in Central and Eastern Europe.
Risk costs amounted to EUR 1,465.3 million, or 146 basis
points of average customer loans, down 21.2% versus the first
nine months of 2011 (EUR 1,859.2 million). Provisioning
levels declined or were stable in all core countries, with
the exception of Romania and Croatia. Asset quality trends
were mixed, with a continued improvement in Austria, the
Czech Republic and Slovakia. Compared to the previous
quarter, however, NPL formation decreased also in Romania and
Hungary. Overall, the NPL ratio remained at 9.2% as of 30
September 2012 (30 June 2012: 9.2%, year-end 2011: 8.5%),
while the NPL coverage ratio improved to 63.1% (year-end
2011: 61.0%).
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