Quick Facts

Where the impacts of the investment may be experienced.
  • Hungary
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • European Bank for Reconstruction and Development (EBRD)
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-05-04
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Erste Bank Hungary
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): Not Disclosed
At the latest update, the bank had stated that this value would not be disclosed. Please review updated project documents for more information.

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Primary Source

Original disclosure @ EBRD website
Updated in EWS: 2017-08-11
Disclosure Date: 2016-04-01
Erste Bank Hungary Equity Investment

Project Description
This project invests in Erste Bank Hungary to strengthen the Bank's engagement in Hungary.
Investment Description
Erste Bank Hungary (EBH), part of Erste Group, is the sixth largest bank Hungary and the second largest retail lender, operating via the third largest branch network in the country (128 branches). While predominantly a retail bank, EBH operates a universal banking model and offers a complete range of banking and other financial services to its customers, such as savings accounts, asset management, consumer credit and mortgage lending, project finance, foreign trade financing, corporate finance, capital market and money market services, FX trading, leasing and factoring. EBH is 100% owned by Erste Group Bank AG.
Contact Information
*No contacts available* ACCOUNTABILITY MECHANISM OF EBRD The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD’s own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.
Bank Documents