Another successful fiscal year – risk portfolio of former WestLB already reduced by more than 80 per cent

The EAA made significant progress with the wind-up of the former WestLB portfolio in the 2017 fiscal year as well. Specifically, the loan and securities portfolio (banking book) contracted from almost EUR 30 billion to roughly EUR 23 billion in nominal terms (-23%), and the trading book dropped from roughly EUR 260 to EUR 206 billion (-20%).



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.



Interim Report: business volume reduced by more than EUR 10 billion

The positive development of fiscal year 2017 continued in the third quarter: the EAA reduced the notional volume of the loan and securities portfolios by more than 16% in the period from January to September, while the trading portfolio contracted by almost 18%.


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