Daily MF Dnes brought interview with CEO of Erste Bank. Andreas Treichl stated that bank has growing potential despite of rising competition. He predicts lower fees and lower interest margins going forward. On the other hand, thanks to growing mainly emerging markets, demand for Erste products will still continue to increase. He also sees possibilities in synergies inside the group such as in the IT sector. We believe that news is neutral for today’s trading. We reiterate our Hold recommendation for Erste Bank.