Erste Group Bank Ag (EBKOF)

Erste Bank der oesterreichischen Sparkassen AG was founded on 1819. It offers banking and other financial services, such as saving, asset management, including investment funds; consumer credit and mortgage lending; investment banking etc. The Company has four reportable segments that reflect Erste Group's internal management reporting systems: Retail & SME, Group Corporate & Investment Banking, Group Markets and Group Corporate Center. The Retail & SME segment comprises the business activities that are in the responsibility of the retail and corporate network across Erste Group's geographical operations focusing on local customer business. The Retail & SME segment is divided into the geo-graphical areas of the core markets Austria and Central and Eastern Europe. The Group Corporate & Investment Banking (GCIB) segment includes Erste Group's large corporate business, the commercial real estate business - especially of Erste Group Bank AG - and Erste Group Immorent AG, equity capital markets, the investment banking activities in CEE and the International Business unit. The Group Markets (GM) segment comprises the divisionalised business units Group Treasury and Group Capital Markets & includes the treasury activities of Erste Group Bank AG, the CEE subsidiaries, the foreign branch offices as well as the business from Erste Asset Management. The Group Corporate Center (GCC) segment mainly comprises all non-core and centrally managed business activities. These include internal service providers for the Group and the Asset and Liability Management of Erste Group Bank AG. Other components of this segment include the banking taxes paid by Erste Group Bank AG and impairments on participations.