Erste Group - Investor information 2019

At today’s Capital Markets Day (CMD) in Vienna, the largest ever corporate access event organised by the bank, Erste Group Bank AG issued the following forward looking guidance:

• Erste Group issued new guidance for 2020 at ROTE > 10%, translating into double-digit ROTE for the 6th consecutive year and underscoring the financial strength of the bank   
• Erste Group issued new medium term financial guidance: it aims to raise net fee income to EUR 2.4bn and reduce the cost/income ratio to ~55% by 2024

Full press release.