Santander Bank Polska , which is being acquired by Austria's Erste Group, reported a 28% rise in second-quarter net profit on Wednesday, helped by higher interest income and lower loss provisions.

The deal includes 50% of its asset management business in Poland (TFI) that Santander Polska does not control for about 200 million euros. Banco Santander has agreed to sell approximately 49% of ...

Erste Group to acquire a 49% controlling stake in Santander Bank Polska Group S.A. and a 50% stake in Santander Towarzystwo Funduszy Inwestycyjnych S.A. from Banco Santander S.A. for a total cash ...

UBS also downgraded Erste Group to Neutral, raising the price target to €65.00. They noted the bank’s strong capital position but highlighted that the expected benefits from the Q4 results did ...

Erste Bank und Sparkassen recently launched within their “George Go” app the first Mobile Payment Wallet in the Austrian market based on HCE (Host Card Emulation) technology.