Erste bank is the leading financial institution in central Europe with its head-quarters in Vienna, in summer 2005 will start to work in Serbia. This leading Austrian bank group with over 12 million clients is intending to buy Novosadska bank and open its way to business on our market. Erste bank works mostly with population and small and medium sized companies.
This bank is the best retail bank in Central Europe, and its clients mostly belong to middle class. For them Erste bank has a wide assortment of services 24-7, from taking care of accounts to housing and mortgage loans.
Erste bank gives housing and mortgage loan. In this bank there is a special department that aside from giving credits also obtains houses and apartments for its clients. A citizen can state the value of the loan he wishes to obtain and in which part of town he wants to buy a real estate of a certain area, and the clerk will find a house or an apartment for the client.
Erste bank has 2,4 million clients in Austria, and in Czech Republic, Slovakia, Hungary and Croatia around 9 million clients. This year Erste bank is expected to have a net income of at least 600 million EUR, and in year 2004. it realized 544,4 million EUR of profit.