Tag Archives: Erste Bank Gives Us All A Tiny Taster Of What To Expect When Eurobanking Collapses

John Ward – Erste Bank Gives Us All A Tiny Taster Of What To Expect When Eurobanking Collapses – 5 July 2014

JohnWIMF uses Erste results to remind the taxpayers of their responsibilities

It seems highly unlikely that Erste (the biggest banking group in central and eastern Europe) chose late Thursday – just prior to a national holiday in the US – by accident as the time aperture in which to tell everyone it was facing a whopping bad debt provision in Hungary and Romania. The loss is understood to be in the region of €3 billion. Even by contemporary banking standards, that is a rather large amount of money. Continue reading

Advertisements