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%.



EAA tapped the capital market again: USD bond successfully placed

On 9 November 2017, EAA has placed its third benchmark bond for 2017 on the international capital market. The issue met a demand of beyond 1.6 bn USD in the orderbook, while in the forefront the size had been capped at 1 bn USD in accordance with refinancing needs.


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