By Helgi Library - September 17, 2018
Erste Bank Serbia made a net profit of RSD 2,622 mil under revenues of RSD 8,653 mil in 2017, up 25.0% and 7.07% respectively compare...
By Helgi Library - September 17, 2018
Erste Bank Serbia made a net profit of RSD 2,622 mil under revenues of RSD 8,653 mil in 2017, up 25.0% and 7.07% respectively compare...
By Helgi Library - September 17, 2018
Erste Bank Serbia's non-performing loans reached 3.07% of total loans at the end of 2017, down from 6.52% compared to the previou...
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By Helgi Library - September 17, 2018
Erste Bank Serbia's non-performing loans reached 3.07% of total loans at the end of 2017, down from 6.52% compared to the previous year. Historically, the NPL ratio hit an all time high of 13.0% in 2013 and an all time low of 3.07% in 2017. Provision covera...
By Helgi Library - September 17, 2018
Erste Bank Serbia employed 1,075 persons in 2017, up 5.29% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,075 persons in 2017 and an all time low of 958 in 2007. Average cost reached USD 1,443 per month per employ...
By Helgi Library - September 17, 2018
Erste Bank Serbia employed 1,075 persons in 2017, up 5.29% when compared to the previous year. Historically, the bank's workforce hit an all time high of 1,075 persons in 2017 and an all time low of 958 in 2007. Average cost reached USD 1,443 per month per employ...
By Helgi Library - September 17, 2018
Erste Bank Serbia's customer deposits reached RSD 91,982 mil in 2017, up 22.2% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. Erste Bank Serbia accounted ...
By Helgi Library - September 17, 2018
Erste Bank Serbia's customer loans reached RSD 110,473 mil in 2017, up 14.5% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. Erste Bank Serbia accounted for 4...
By Helgi Library - September 17, 2018
Erste Bank Serbia's customer deposits reached RSD 91,982 mil in 2017, up 22.2% compared to the previous year. Serbian banking sector accepted customer deposits of RSD 2,111 bil in 2017, up 3.62% when compared to the last year. Erste Bank Serbia accounted ...
By Helgi Library - September 17, 2018
Erste Bank Serbia's customer loans reached RSD 110,473 mil in 2017, up 14.5% compared to the previous year. Serbian banking sector provided customer loans of RSD 2,702 bil in 2017, up 1.16% when compared to the last year. Erste Bank Serbia accounted for 4...
By Helgi Library - September 17, 2018
Erste Bank Serbia's retail deposits reached RSD 45,730 mil in 2017, up 13.2% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,223 bil in 2017, up 1.09% when compared to the last year. Erste Bank Serbia accounted for ...
By Helgi Library - September 17, 2018
Erste Bank Serbia's retail deposits reached RSD 45,730 mil in 2017, up 13.2% compared to the previous year. Serbian banking sector accepted retail deposits of RSD 1,223 bil in 2017, up 1.09% when compared to the last year. Erste Bank Serbia accounted for ...
By Helgi Library - September 17, 2018
Erste Bank Serbia's net interest margin amounted to 4.02% in 2017, down from 4.46% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 6.49% in 2008 and an all time low of 4.02% in 2017. The average ma...
Erste Bank Serbia is a Serbia-based subsidiary of Austria's Erste Bank. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. At the end of 2014, the Bank had some 47 branches units, employed nearly 1,000 persons and held some 2.5% of Serbian banking assets. Erste Bank is the second largest commercial bank in Austria. In 1997, Erste Group went public with a strategy to expand its retail business into Central and Eastern Europe (CEE). Since then Erste Group's customer base has grown through numerous acquisitions and organic growth from 600,000 to around 16.4 million. With 2,900 branches and 46,000 employees, Erste Group is today one of the largest financial services providers in the Eastern part of EU in terms of clients and total assets.
Erste Bank Serbia has been growing its revenues and asset by 5.56% and 16.1% a year on average in the last 10 years. Its loans and deposits have grown by 16.9% and 13.7% a year during that time and loans to deposits ratio reached 120% at the end of 2017. The company achieved an average return on equity of 6.90% in the last decade with net profit growing 31.2% a year on average. In terms of operating efficiency, its cost to income ratio reached 66.7% in 2017, compared to 76.5% average in the last decade.
Equity represented 12.5% of total assets or 19.1% of loans at the end of 2017. Erste Bank Serbia's non-performing loans were 3.07% of total loans while provisions covered some 121% of NPLs at the end of 2017.
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