Erste Group: lnformation on Iceland exposure |
Autor: Bancherul.ro
2008-10-10 13:30 |
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Erste Group's exposure to Iceland, mainly in the form of senior bank debt split between the major Icelandic banks, is limited to EUR 300 million. As the settlement procedures have not yet started recovery rates are to be determined.
As announced recently, Erste Group will provide an update on guidance with Q3 results and at the Capital Markets Day in December 2008.
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