Erste Bank records strong performance despite crisis
By AmChamPublished On 26/02/2021
Its operating revenue was up 8.1 percent at year-end 2020 relative to one year previously, whilst its operating expenditures had increased by 9.2 percent.
Erste Bank’s operating profits rose by 5.4 percent to 2.96 billion dinars, up from 2.81 billion at year-end 2019.
‘We performed well in all our markets in an exceptionally challenging year. Our operating results remained stable and our capitalisation is excellent. We want our shareholders to share in these results, which is why – in line with the ECB recommendation –we will propose a dividend of 50 cents per share for 2020 at the Annual General Meeting and also reserve up to one euro per share for a potential dividend payout at a later date’, said Erste Group Chief Financial Officer (CFO) Stefan DÃƒÂ¶rfler.