Erste Bank Company Description
First, there was Erste. Erste Group Bank is the holding company of Erste Bank which, dating back to 1819, is Austria's oldest and among its largest commercial banks. Together with its Sparkassen subsidiary, Erste Bank has some 1,000 branches and an approximately 20% market share. The company has expanded beyond Austria and owns about 10 banks (approximately 2,000 branches) in Central and Eastern European nations. Erste Group has operating subsidiaries in Austria, Croatia, the Czech Republic, Romania, Serbia, Slovakia, Slovenia, Hungary, and Ukraine. Erst switched to the holding company structure in 2008.
View the Comprehensive Company Description for Erste Bank
The Company Description provides a historical perspective of Erste Bank's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Erste Bank's evolution in the marketplace.
