Erste Bank sold a 17.5% stake in Erste & Steiermärkische Bank (Erste's 77.3%-owned Croatian subsidiary) to Steiermärkische Bank und Sparkassen (SB) for EUR 47.5m, thus reducing its stake to 59.8%. As SB is fully consolidated into the Erste Bank Group due to the cross-guarantee system, the transaction will not impact Erste's consolidated performance.
Jan Hájek