Erste Bank Hungary not to pay 2010 dividend.

By bne IntelliNews April 27, 2011
The annual general shareholders meeting of Hungary's Erste Bank, member of Erste Group, decided to transfer its entire 2010 net profit to the reserves, portfolio.hu reported. Shareholders also approved the bank's 2010 financial statement, according to which its consolidated net profit stood at HUF 5.18bn (EUR 19.557mn) and the total asset volume - at HUF 2.986tn as at end-year. While Erste Bank Hungary retained its deposit position in 2010, its share in both retail and corporate lending market rose, the bank said

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