Historic Agreement Unveiled

In a groundbreaking move, Erste Group Bank AG has finalized a €7.0 billion agreement with Banco Santander. This deal marks a significant step in Erste Group's expansion strategy, acquiring a 49% stake in Santander Bank Polska Group and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych.

Financial Prospects Brighten

The acquisition is projected to enhance Erste Group's earnings per share (EPS) by 20% and elevate its return on tangible equity (ROTE) to around 19% by 2026, up from the current 15%.

Strategic Collaboration for Future Growth

"This partnership with Santander Group is not just about numbers; it's about creating opportunities for millions to thrive," stated Peter Bosek, CEO of Erste Group. The collaboration aims to combine the strengths of both entities to serve clients more effectively across their key markets.