Erste Group
Expanding into Central and Eastern Europe since 1997

Erste Group

Section Title: Expanding into Central and Eastern Europe since 1997
Table Section Text: None

Bank acquisitions in Central and Eastern Europe since 1997

Year	Bank	Country	Share (today)	Price (in EUR mn)	Comments

1997	Mezőbank	Hungary	100.00%	n. a.	operates the fifth largest subsidiary network in Hungary; in 1998 it was renamed Erste Bank Hungary, 2003 consolidated with Postabank

2000	Česká spořitelna	Czech Republic	99%	530	largest private bank in Czech Republic; 2000: 52.07% acquired

2000	Slovenská sporiteľňa	Slovakia	100.00%	425	2000: acquisition of 67.2%; 2005: call option exercised for additional 19.99%, afterwards, acquisition of 100%

1997– 2002	Bjelovarska banka Trgovačka banka Čakovečka banka Riječka banka	Croatia	69.3%	n. a.	Merged Erste & Steiermärkischen Bank d.d., third largest bank in Croatia

2005	Novosadska banka	Serbia	80.5%	n. a.

2005	Banca Comercială Română	Romania	93.6%	3,751	largest bank in Romania

2007	Bank Prestige	Ukraine	0%	79.4	Sold to Fidobank in April 2013

2009	Opportunity Bank	Montenegro	100%	Renamed to Erste Bank AD Podgorica

2018	Erste	Germany	n.a.	n.a.

2018	Erste Securities Polska	Poland	n.a.	n.a.

Sentence(s)

In 2007, Erste acquired Bank Prestige in Ukraine.

final_sentence: In 2007, Erste acquired Bank Prestige in Ukraine.