News

 

25.08.2021

Interim report as at 30 June 2021

The EAA has made further progress in implementing its wind-up mission. The portfolio of loans and securities was reduced by EUR 1.3 billion to EUR 11.4 billion in the first six months of the fiscal year and the notional volume in the trading portfolio was reduced by EUR 12.2 billion to EUR 82.3 billion. The continued reduction of high-risk exposures is particularly pleasing.

more
 

19.04.2021

EAA successfully continues with portfolio reduction

The EAA closed the 2020 financial year with a lower net loss of EUR 1.9 million after tax compared to EUR 2.7 million in the previous year. A slightly negative result in the current winding-up phase has been taken into account in the original wind-up planning and is no indication of changed conditions or risks.

more
 

17.03.2021

European Central Bank approves return of full banking licence

The EAA subsidiary Covered Bond Bank Plc (since 15 March 2021 Erste EAA Ireland Plc) was notified by the European Central Bank on 11 March 2021 that its full banking licence and its licence as a so-called designated credit institution – comparable to a Pfandbrief banking licence – would be revoked effective 12 March 2021 in accordance with its application.

more

Press reports of EAA