BANCI | ENGLISH

Erste Group successfully places Participation Capital with private and institutional investors

Autor: Bancherul.ro
2009-05-03 10:25

During the Subscription and Offer Period from 15 to 29 April 2009 Participation Capital in a nominal amount of EUR 540 Mio has been subscribed for by private and institutional investors, said Erste Group in a press release.

Thus, Erste Group Bank AG's goal of placing Participation Capital in a nominal amount of at least EUR 400 Mio with private and institutional investors has been exceeded.

In accordance with the Agreement in Principle concluded with the Republic of Austria, the dividend on the Participation Capital
will amount to 8.0% per annum and Erste Group's distribution policy with regard to dividend payments on its ordinary shares will not be restricted in future business years.

The Republic of Austria has already subscribed for Participation Capital in a nominal amount of EUR 1.0 bn in March 2009 and will subscribe for additional Participation Capital in accordance with the Agreement in Principle.

The volume of the Participation Capital will in aggregate amount to approximately EUR 1.75 bn.

Subsequently, an amount of up to EUR 1 bn of Hybrid Capital is intended to be issued by Erste Bank der oesterreichischen Sparkasssen AG, a 100% subsidiary of Erste Group, to the Republic of Austria.

As previously announced, the aggregate volume of Participation and Hybrid Capital shall therefore amount to EUR 2.7 bn on a consolidated basis of Erste Group.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii