Erste Bank Der Oesterreichischen Sparkassen is a bank which provides a range of domestic and international banking services. Co.'s two segments, retail and real estate, are comprised of four business units: retail, small and medium sized corporate clients, real estate finance, and central... More
Tuesday, Jun 52012, 6:59 PMMoody's downgrades of the debt and deposit ratings of the three largest Austrian banking groups. The senior debt and deposit ratings of Raiffeisen Bank International and UniCredit Bank Austria were both downgraded by one notch, while Erste Group Bank AG (EBKDY.PK) was downgraded by two notches. |Tuesday, Jun 52012, 6:59 PM| Comment!
Friday, Nov 42011, 10:09 AM
Tuesday, Oct 112011, 7:18 AMFitch places the A- viability rating of Austria's Erste Banke (EBKDY.PK) on negative watch following the lender's decision yesterday to come clean about its sovereign debt exposure (mostly to Hungary) and take large writedowns. Shares are off another 2% in Europe after an 8% drop yesterday. |Tuesday, Oct 112011, 7:18 AM| Comment!
Monday, Oct 102011, 3:07 PMOne outlier in today's rally is Austria's Erste Bank (EBKDY.PK -9%), which dove after taking writedowns on its CDS book and its sovereign holdings, especially those of Hungary. "Clearly disappointing news (and) likely to trigger a cycle of ratings downgrades," says GFI Research. |Monday, Oct 102011, 3:07 PM| Comment!
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