Erste Group Bank AG 2009 Annual Report with Sustainability Disclosures
The report highlights Erste Group's performance in 2009, during which the company achieved a record operating profit of EUR 3.8 billion and improved its cost/income ratio to 50.2%. Despite a challenging economic environment and nearly doubled risk costs, net profit rose by 5.1% to EUR 903.4 million. The group significantly strengthened its capital position by raising EUR 1.76 billion in participation capital and EUR 1.74 billion in straight equity, resulting in a core tier 1 ratio of 8.3%. Additionally, the report outlines the group's corporate social responsibility initiatives, including the launch of the good.bee financial inclusion initiative and various environmental and community support programs.
Company: Erste Group Bank AG
Sector: Finance & insurance
Country: Austria
Year: 2009
Type: Annual Report with Sustainability Disclosures
Pages: 182
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Erste Group Bank AG
Annual Report
The report highlights Erste Group's performance in 2009, during which the company achieved a record operating profit of EUR 3.8 billion and improved its cost/income ratio to 50.2%. Despite a challenging economic environment and nearly doubled risk costs, net profit rose by 5.1% to EUR 903.4 million. The group significantly strengthened its capital position by raising EUR 1.76 billion in participation capital and EUR 1.74 billion in straight equity, resulting in a core tier 1 ratio of 8.3%. Additionally, the report outlines the group's corporate social responsibility initiatives, including the launch of the good.bee financial inclusion initiative and various environmental and community support programs.
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Document Details
Report Year
2009
Reporting Period
Jan 1, 2009 - Dec 31, 2009
Fiscal Year
2009
Published
Mar 2, 2010
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Employees