Erste Group Bank AG — Earnings Release 2000

Mar 22, 2001

News Details

Ad-hoc | 22 March 2001 08:16

*vwd Ad-hoc-Service: Erste Bank d. Oest. Spark englis

Ad hoc announcement transmitted by DGAP. The issuer has the sole responsibility of this announcement. ——————————————————————————– Record full year preliminary results 2000 Erste’s market leadership reflects successful implementation of strategy Fulfilment of financial targets set at time of IPO in 1997 Unaudited full year results 2000 – highlights: -35.8% increase in total assets to EUR 71.2 billion -Net interest income rises 25.5% to EUR 924.0 million -Net commission income climbs by 31.3 % to EUR 423.5 million -Net profit after minority interests up 16.5% to EUR 191.8 million -RoE rises to 12.3% in line with IPO target, after 12.1% for full year 1999 -Tier 1 ratio at 6.7% -Cost/income ratio at 67.9% in line with IPO target, down from 70.1% in 1999 -Earnings per share EUR 4.21 compared with EUR 3.74 in 1999 (+12.6%) In the year to 31 December 2000, Erste Bank der oesterreichischen Sparkassen AG successfully continued along the path of solid growth achieved over the past few years. Net profit after minority interests increased by a further 16.5% against an excellent 1999, to reach the record level of EUR 191.8 million. This result is all the more pleasing and noteworthy, given that Ceska sporitelna (CS), which was acquired last year, has already been integrated into the balance sheet and income statement since 3 August 2000. end of ad hoc announcement, (c) DGAP 22.03.2001 ——————————————————————————– WKN: 065201; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München und Stuttgart 220816 Mär 01