Erste, AT0000652011

Erste Group completes TFI deal. Keefe target for Erste Group stock is EUR 126.00

Published on 10/27/2026 at 10:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Erste TFI shifts to equity accounting. Erste Group stock costs EUR 105.50 on October 27, 2026, 0.19 percent above the Xetra close.

Polish transaction changes reporting

Erste Group completed a EUR 2,924.00 transaction on October 15, 2026.
Erste TFI will be reported using equity accounting after October 31, 2026.
Erste Group stock trades at EUR 105.50 at 10:04 a.m. CET at Lang & Schwarz on October 27, 2026, 0.19 percent above the Xetra close of October 26, 2026.
Third-quarter results are scheduled for October 30, 2026.

Erste, AT0000652011, Illustration mit AI erstellt.

Erste Group (ISIN AT0000652011) was trading at EUR 105.50 at Lang & Schwarz on October 27, 2026 at 10:04 a.m. CET, 0.19 percent above the Xetra close of October 26, 2026 at EUR 105.30. The bank completed a Polish asset-management transaction on October 15, 2026, while a Keefe Bruyette target of EUR 126.00 followed a downgrade to Market Perform.

According to Erste Bank Polska, the bank sold one share in Erste Towarzystwo Funduszy Inwestycyjnych to Erste Asset Management for EUR 2,924.00 on October 15, 2026. The transaction left the bank with 67,499 shares, representing 50.00 percent of Erste TFI's share capital and voting rights.

Accounting changes after the sale

The transaction changes the treatment of Erste TFI in the consolidated accounts. Erste TFI will no longer be fully consolidated as a subsidiary and will instead be accounted for as an associate using the equity method.

The official report says the final one-off effect on consolidated net profit will be recognized using balance-sheet data as of October 31, 2026. That timing gives investors a defined accounting date, but the report does not quantify the final profit effect.

What does the target imply?

Markets Insider reported on October 21, 2026 that Keefe Bruyette cut its rating to Market Perform from Outperform while raising its target to EUR 126.00 from EUR 124.00. The target is EUR 20.50 above the Lang & Schwarz price used here, a 19.43 percent premium.

Next results date

Erste Group's investor-relations calendar lists third-quarter 2026 results for October 30, 2026, with publication scheduled for 7:30 a.m. and an audio webcast at 9:00 a.m. The upcoming report will provide the next operating benchmark after the Polish transaction.

Reference price stays close to Xetra

The EUR 105.50 Lang & Schwarz price stood EUR 0.20 above the EUR 105.30 Xetra close, leaving the daily comparison below 1.00 percent. The current quote therefore adds limited directional information while the Polish accounting change and the October 30 results date provide the more concrete company developments.

The further course of trading is shown by the continuously updated real-time quote of Erste stock.