Erste Bank on Friday approved a new management stock option program which extends to the managing boards of Ceska sporitelna and its subsidiaries and to second-level management and regional directors. Managers will be offered an option to acquire Erste Bank shares for their March 2002 average price within five years of the option issue. Moreover, all CS staff has the opportunity to buy up to 100 EB shares per employee at a 20% discount to the March 2002 average price. Neutral.
(Jan Hajek)