Press release H1 2018

In the first half of 2018, the EAA continued successfully to reduce its portfolio. It reduced the loans and securities of the former WestLB transferred for wind-up by around 12% compared to the end of last year. As of 30 June, the banking book portfolio amounted to around EUR 20 billion; this means that in total around 87% of the volume of positions transferred to the EAA has been wound up.



Interim Report 31 March 2018

After six fiscal years of positive results, the EAA once again posted a profit in the first quarter of 2018. The surplus of EUR 1.1 million after taxes is largely attributable to the reversal of risk provisions as a result of the wind-up progress. The quarterly result was supported not least by falling administrative expenses and the improvement in net interest income.



EAA places services for the remaining wind-up portfolio in the hands of private service providers

EAA subsidiary Erste Financial Services (EFS) has concluded an outsourcing agreement with IBM Deutschland GmbH and spinning off most of the services it provides. Under the agreement, IBM will also take on about 300 EFS staff in Düsseldorf and London.


Press reports

Current vacancies at EAA

Erste Abwicklungsanstalt relies on the commitment of its employees. That is why constantly fostering and developing their motivation, skills and abilities is our central aim. We are looking for the best employees.

Current vacancies at EAA Group

We are also always interested in receiving informative and interesting speculative applications. Send us your application by e-mail, and let us know why we need you on our team!

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