News

15.11.2018

Interim Report 
30 September 2018

By the first three quarters of 2018, the EAA had already reduced the volume of loans and securities held in its portfolio by EUR 3.5 billion and the notional volume of the trading portfolio by EUR 19.3 billion. It is therefore already clear that it will not only reach its winding-up targets for the current fiscal year but will probably surpass them.

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30.10.2018

EAA Benchmark: Huge interest from international Investors

Düsseldorf, 30 October 2018. Following two large bond issues at the beginning of the year, the EAA placed a further, USD 1 billion bond issue on the capital market in October. The price (nine basis points above 3-month USD Libor) was more attractive than had been expected by participating banks. Nearly 80% of the issue was underwritten by official institutions, primarily central banks.

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04.12.2017

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.

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