Ceska sporitelna, 95%-owned by Erste Bank, aims to sell CZK 13 bil. (USD 441 mil.) of its loans that require special personnel and financial care. The sale is designed to optimize CS's balance sheet and increase its capacity and capital available for future lending. As the impact of such a transaction on CS's performance depends on a selling price, we see the news as neutral at the moment.
Jiří Soustružník