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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