Erste Group Bank AG 2012 Annual Report with Sustainability Disclosures
The report highlights Erste Group's performance for the fiscal year 2012, posting a net profit of EUR 483.5 million and raising its core tier 1 capital ratio to 11.2%. Despite a challenging economic environment and negative one-off effects, the company achieved a solid operating result of EUR 3.5 billion through strict cost management and a 13% reduction in risk costs. In terms of sustainability, Erste Group transitioned to 100% renewable electricity in Austria, reducing its carbon footprint in the country by 57%. Additionally, the company advanced financial inclusion through its good.bee joint venture and implemented group-wide diversity and health initiatives for its employees.
Company: Erste Group Bank AG
Sector: Finance & insurance
Country: Austria
Year: 2012
Type: Annual Report with Sustainability Disclosures
Pages: 222
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Erste Group Bank AG
Annual Report
The report highlights Erste Group's performance for the fiscal year 2012, posting a net profit of EUR 483.5 million and raising its core tier 1 capital ratio to 11.2%. Despite a challenging economic environment and negative one-off effects, the company achieved a solid operating result of EUR 3.5 billion through strict cost management and a 13% reduction in risk costs. In terms of sustainability, Erste Group transitioned to 100% renewable electricity in Austria, reducing its carbon footprint in the country by 57%. Additionally, the company advanced financial inclusion through its good.bee joint venture and implemented group-wide diversity and health initiatives for its employees.
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Document Details
Report Year
2012
Reporting Period
Jan 1, 2012 - Dec 31, 2012
Fiscal Year
2012
Published
Feb 28, 2013
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees