Obligation Erste Bank 0% ( XS0149499179 ) en EUR

Erste Bank

100 % ▲

Autriche

XS0149499179 ( en EUR )

22/04/2022 - Obligation échue

Prospectus brochure de l'obligation Erste Group XS0149499179 en EUR 0%, échue

Erste Group est une société financière autrichienne offrant des services bancaires de détail, de gros et d'investissement dans plusieurs pays d'Europe centrale et orientale.

L'obligation, identifiée par le code ISIN XS0149499179, émise par Erste Group, l'un des principaux groupes bancaires d'Europe centrale et orientale dont le siège est en Autriche, était un instrument financier libellé en euros (EUR). Cette dette présentait la particularité d'être une obligation à coupon zéro, comme en témoigne son taux d'intérêt de 0%, impliquant que le rendement était généré par la différence entre le prix d'achat et le prix de remboursement. Initialement émise par ce groupe financier autrichien, elle est arrivée à sa maturité le 22 avril 2022. Conformément à ses termes et à son échéance, l'obligation a été remboursée à 100% de sa valeur nominale, validant ainsi la bonne exécution des engagements de l'émetteur envers les détenteurs de l'instrument.

Erste Group Bank AG
(Incorporated as a stock corporation in the Republic of Austria under registered number FN 33209 m)
EUR 30,000,000,000
Debt Issuance Programme
On 8 July 2013, Erste Group Bank AG (the "Issuer" or "Erste Group Bank") established a Debt Issuance Programme (the "Programme") which has been updated
on 14 May 2014, 13 May 2015, 13 May 2016, 12 May 2017, 11 May 2018 and 10 May 2019. Under the Programme, the Issuer, subject to compliance with all
relevant laws, regulations and directives, may from time to time issue debt securities as further specified in the relevant final terms (the "Final Terms") as either
domestic notes issued in the German or English language under Austrian law ("Domestic Notes") or international notes issued in the German or English language
under Austrian and/or German law ("International Notes", and together with Domestic Notes, the "Notes"). The Programme foresees seven different options of
Terms and Conditions (as defined herein) under which Notes may be issued depending on the type of interest which applies to the Notes as specified in the relevant
Final Terms. Accordingly, the following types of Notes may be issued under the Programme: (i) Notes with a fixed interest rate (Option I); (ii) Notes with a floating
interest rate (Option II); (iii) Notes which commence with a fixed interest rate which is superseded by either a floating interest rate or a different fixed interest rate
(Option III); (iv) Notes without periodic interest payments (Option IV); (v) Notes with a reverse floating or fixed to reverse floating interest rate (Option V); (vi) target
redemption Notes with a fixed to spread floating interest rate or fixed to floating interest rate (Option VI); and (vii) Notes with a spread floating or fixed to spread
floating interest rate (Option VII). Subject to compliance with all relevant laws, regulations and directives, the Notes will have a minimum maturity of one month and
no maximum maturity. The aggregate principal amount of Notes outstanding (i.e. Notes not redeemed) under the Programme will not at any one time exceed
EUR 30,000,000,000 (or the equivalent in other currencies).
This base prospectus (the "Prospectus") has been drawn up in accordance with Annexes V, XI, XXI, XXII and XXX of Commission Regulation (EC) No 809/2004,
as amended (the "Prospectus Regulation") and has been approved by the Austrian Financial Market Authority (Finanzmarktaufsichtsbehörde, the "FMA") in its
capacity as competent authority under the Austrian Capital Market Act (Kapitalmarktgesetz), as amended (the "KMG") for the approval of this Prospectus. The
accuracy of the information contained in this Prospectus does not fall within the scope of examination by the FMA under the KMG and the
Directive 2003/71/EC, as amended (the "Prospectus Directive"). The FMA has examined this Prospectus only in respect of its completeness, coherence
and comprehensibility pursuant to § 8a KMG.
Application may be made for the Programme and/or the Notes to be admitted to the Official Market (Amtlicher Handel) (the "Austrian Market") of the Vienna Stock
Exchange (Wiener Börse). Application may also be made to list Notes on the official list of the Luxembourg Stock Exchange and to admit to trading such Notes on
the regulated market of the Luxembourg Stock Exchange (Bourse de Luxembourg) and/or to admit such Notes to trading on the Stuttgart Stock Exchange (Baden-
Württembergische Wertpapierbörse) and/or the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) and/or the SIX Swiss Exchange (together with the Austrian
Market, the "Markets"). References in this Prospectus to Notes being listed (and all related references) shall mean that such Notes have been admitted to trading on
one or more of the Markets, excluding the SIX Swiss Exchange, each of which is a regulated market for the purposes of the Directive 2014/65/EU, as amended
(Markets in Financial Instruments Directive II "MiFID II"). Unlisted Notes may also be issued pursuant to this Programme. The relevant Final Terms in respect of
the issue of any Notes will specify whether or not such Notes will be admitted to trading on one or more of the Markets.
The Issuer has requested the FMA to provide the competent authorities in other host Member States within the European Economic Area ("EEA") including Croatia,
the Czech Republic, Germany, the Grand Duchy of Luxembourg, Hungary, Romania and the Slovak Republic with a certificate of approval attesting that this
Prospectus has been drawn up in accordance with Article 5 (4) of the Prospectus Directive and the KMG. The Issuer may from time to time request the FMA to
provide to competent authorities of Member States of the EEA further notifications concerning the approval of this Prospectus.
Each tranche (a "Tranche") of Notes in bearer form will be represented on issue by a temporary global note in bearer form (a "temporary Global Note") or a
permanent global note in bearer form (a "permanent Global Note" and each of the temporary Global Note and permanent Global Note, a "Global Note") which may
also be in the form of new global notes ("New Global Note" or "NGN"). NGNs will be delivered on or prior to the original issue date of the Tranche to a common
safekeeper (the "Common Safekeeper") for Euroclear Bank S.A./N.V. ("Euroclear") and Clearstream Banking, S.A. ("CBL"). Global Notes which are not issued in
NGN form ("Classical Global Note" or "CGN") will be deposited on the issue date with a common depositary on behalf of Euroclear and CBL (the "Common
Depositary"). Global Notes representing Domestic Notes may be deposited on the issue date with OeKB CSD GmbH ("OeKB CSD") or with a depositary on behalf
of OeKB CSD or with or on behalf of the Issuer. Global Notes (in a CGN or NGN format) may be intended to be eligible collateral for Eurosystem monetary policy.
Tranches of Notes may be rated or unrated. Where a Tranche of Notes is rated, such credit rating will be specified in the relevant Final Terms. A credit rating is not a
recommendation to buy, sell or hold securities and may be subject to suspension, reduction or withdrawal at any time by the assigning credit rating agency. Whether
or not each credit rating applied for in relation to a relevant Tranche of Notes will be issued by a credit rating agency established in the European Union and
registered under Regulation (EC) No 1060/2009, as amended (the "CRA Regulation") will be disclosed in the relevant Final Terms. The European Securities and
Markets Authority (the "ESMA") is obliged to maintain on its website ("www .esma.europa.eu") a list of credit rating agencies registered and certified in accordance
with the CRA Regulation. This list must be updated within 5 working days of ESMA's adoption of any decision to withdraw the registration of a credit rating agency
under the CRA Regulation. The ESMA website is not incorporated by reference into, nor does it form part of, this Prospectus.
Prospective investors should have regard to the factors described under the section headed "2. Risk Factors" in this Prospectus. This Prospectus does not describe
all of the risks of an investment in the Notes, but the Issuer believes that all material risks relating to an investment in the Notes have been described.

Arranger for Domestic Notes
Arranger for International Notes
Erste Group Bank AG
Société Générale Corporate & Investment Banking

Dealers
Erste Bank der oesterreichischen Sparkassen AG
Erste Group Bank AG

Prospectus dated 10 May 2019

This Prospectus comprises a base prospectus for the purposes of Article 5 (4) of the
Prospectus Directive and the KMG, and for the purpose of giving information with regard to
the Issuer and its subsidiaries and affiliates taken as a whole (the "Erste Group") and the
Notes which, according to the particular nature of the Issuer and the Notes, is necessary to
enable investors to make an informed assessment of the assets and liabilities, financial
position, profit and losses and prospects of the Issuer.
This Prospectus is to be read in conjunction with any supplement hereto and al documents
which are incorporated herein by reference (see "Documents Incorporated by Reference"
below). Such documents shall be incorporated in, and form part of this Prospectus, save that
any statement contained in a document which is incorporated by reference herein shal be
deemed to be modified or superseded for the purpose of this Prospectus to the extent that a
statement contained herein modifies or supersedes such earlier statement (whether
expressly, by implication or otherwise). Any statement so modified or superseded shall,
except as so modified or superseded, not constitute a part of this Prospectus. Full information
on the Issuer and any Tranches of Notes is only available on the basis of the combination of
this Prospectus, as supplemented, and the relevant Final Terms.
No person has been authorised to give any information or to make any representation other
than those contained in this Prospectus in connection with the issue or sale of the Notes and,
if given or made, such information or representation must not be relied upon as having been
authorised by the Issuer or any of Société Générale Corporate & Investment Banking (the
"International Arranger") or Erste Group Bank AG (in its capacity as the arranger of issues
of Domestic Notes only, the "Domestic Arranger" and together with the International
Arranger, the "Arrangers") or the Dealers (as described under "3. General Information").
Neither the delivery of this Prospectus nor any sale made in connection herewith shall, under
any circumstances, create any implication that there has been no change in the affairs of the
Issuer or Erste Group since the date hereof or the date upon which this Prospectus has been
most recently amended or supplemented or that there has been no adverse change in the
financial position of the Issuer or Erste Group since the date hereof or the date upon which
this Prospectus has been most recently amended or supplemented or that any other
information supplied in connection with the Programme is correct as of any time subsequent
to the date on which it is supplied or, if different, the date indicated in the document containing
the same. Any material new circumstances or any material incorrectness or inaccuracy as to
the statements contained in this Prospectus that could influence the assessment of the Notes
issued under the Programme and that occur or are determined between the approval of this
Prospectus by the FMA and the final end of the public offer, or if later, the time when trading
of Notes under the Programme on a regulated market begins wil be included and published
in a supplement to this Prospectus in accordance with the KMG.
The distribution of this Prospectus and the offering or sale of Notes in certain jurisdictions
may be restricted by law. Persons into whose possession this Prospectus comes are required
by the Issuer, the Arrangers and the Dealers to inform themselves about and to observe any
such restriction. The Notes have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "Securities Act"), and may include Notes in bearer
form that are subject to U.S. tax law requirements. The Notes may not be offered, sold or
delivered within the United States or to U.S. persons except in certain transactions permitted
by U.S. tax regulations and the Securities Act. For a description of certain restrictions on
offers and sales of Notes and on distribution of this Prospectus, see "13. Subscription and
Sale".
This Prospectus does not constitute an offer of, or an invitation by or on behalf of any of the
Issuer, the Arrangers or the Dealers to subscribe for, or purchase, any Notes.
Neither the International Arranger nor the Dealers have independently verified the information
contained in this Prospectus. None of the International Arranger or the Dealers makes any
representation, express or implied, or accepts any responsibility, with respect to the accuracy
or completeness of any of the information in this Prospectus. Neither this Prospectus nor any
financial statements supplied in connection with the Programme or any Notes are intended to
provide the basis of any credit or other evaluation and should not be considered as a
recommendation by any of the Issuer, the Arrangers or the Dealers that any recipient of this

Page 2

Prospectus or any financial statements should purchase the Notes. Each potential purchaser
of Notes should determine for itself the relevance of the information contained in this
Prospectus or any financial statements and its purchase of Notes should be based upon any
such investigation as it deems necessary. None of the International Arranger or the Dealers
undertakes to review the financial condition or affairs of the Issuer or the Erste Group during
the life of the arrangements contemplated by this Prospectus nor to advise any investor or
potential investor in the Notes of any information coming to the attention of any of the
International Arranger or the Dealers.
If the relevant Final Terms in respect of any Notes include a legend entitled "Prohibition of
Sales to Retail Investors in the European Economic Area", the Notes are not intended to be
offered, sold or otherwise made available to and should not be offered, sold or otherwise
made available to any retail investor in the EEA. For these purposes, a retail investor means
a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4 (1) of
MiFID II; (ii) a customer within the meaning of Directive 2016/97/EU, as amended
("Insurance Distribution Directive"), where that customer would not qualify as a
professional client as defined in point (10) of Article 4 (1) of MiFID II; or (i i) not a qualified
investor as defined in the Prospectus Directive. If the relevant Final Terms include the above-
mentioned legend, no key information document required by Regulation (EU) No. 1286/2014,
as amended (the "PRIIPs Regulation") for offering or selling the Notes or otherwise making
them available to retail investors in the EEA has been prepared and therefore offering or
selling the Notes or otherwise making them available to any retail investor in the EEA may be
unlawful under the PRIIPs Regulation.
If the relevant Final Terms in respect of any Notes specifiy "Prohibition of Sales to Retail
Investors in the European Economic Area" as "Not Applicable" in relation to each Member
State of the EEA which has implemented the Prospectus Directive (each, a "Relevant
Member State") any offer of Notes will only be made pursuant to the rules for public offers
under the Prospectus Directive, as implemented in that Relevant Member State, or according
to an exemption under the Prospectus Directive, as implemented in that Relevant Member
State, from the requirement to publish a prospectus for offers of Notes. Accordingly any
person making or intending to make an offer in that Relevant Member State of Notes which
are the subject of an offering contemplated in this Prospectus as completed by the Final
Terms in relation to the offer of those Notes may only do so (i) if a prospectus for such offer
has been approved by the competent authority in that Relevant Member State or, where
appropriate, approved in another Relevant Member State and notified to the competent
authority in that Relevant Member State and (in either case) published, all in accordance with
the Prospectus Directive, provided that any such prospectus has subsequently been
completed by the Final Terms which specify that offers may be made other than pursuant to
Article 3 (2) of the Prospectus Directive in that Relevant Member State and such offer is made
in the period beginning and ending on the dates specified for such purpose in such
prospectus or the Final Terms, as applicable, and the Issuer has consented in writing to its
use for the purpose of such offer or (ii) in circumstances in which no obligation arises for the
Issuer or any Dealer to publish a prospectus pursuant to Article 3 of the Prospectus Directive
or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case,
in relation to such offer. Except to the extent sub-paragraph (i) above may apply, neither the
Issuer nor any Dealer has authorised, nor do they authorise, the making of any offer of Notes
in circumstances in which an obligation arises for the Issuer or any Dealer to publish or
supplement a prospectus for such offer.
The relevant Final Terms in respect of any Notes may include a legend entitled "MiFID II
product governance" which will outline the target market assessment in respect of the Notes
and which channels for distribution of the Notes are appropriate. Any person subsequently
offering, selling or recommending the Notes (a "Distributor") should take into consideration
the target market assessment; however, a Distributor subject to MiFID II is responsible for
undertaking its own target market assessment in respect of the Notes (by either adopting or
refining the target market assessment) and determining appropriate distribution channels.
A determination will be made in relation to each issue about whether, for the purpose of the
Product Governance Rules under EU Delegated Directive 2017/593 (the "MiFID II Product
Governance Rules"), any Dealer subscribing for any Notes is a manufacturer in respect of

Page 3

such Notes, but otherwise neither the Arranger nor the Dealers nor any of their respective
affiliates will be a manufacturer for the purpose of the MiFID II Product Governance Rules.
In connection with the issue of any Tranche of Notes, the Dealer or Dealers (if any)
named as the Stabilising Manager(s) (or persons acting on behalf of any Stabilising
Manager(s)) in the applicable Final Terms may over-allot Notes or effect transactions
with a view to supporting the market price of the Notes at a level higher than that which
might otherwise prevail. However, stabilisation may not necessarily occur. Any
stabilisation action may begin at any time after the adequate public disclosure of the
terms of the offer of the relevant Tranche of Notes and, if begun, may be ended at any
time, but it must end no later than the earlier of 30 days after the issue date of the
relevant Tranche of Notes and 60 days after the date of the allotment of the relevant
Tranche of Notes. Any stabilisation action or over-allotment must be conducted by the
Stabilising Manager(s) (or persons acting on behalf of any Stabilising Manager(s)) in
accordance with all applicable laws and rules.
Unless increased (as described below), the maximum aggregate principal amount of Notes
outstanding at any one time under the Programme will not exceed EUR 30,000,000,000 (and
for this purpose, any Notes denominated in another currency shall be translated into euro at
the date of the agreement to issue such Notes calculated in accordance with the provisions of
the Programme Agreement, as defined under "13. Subscription and Sale"). The maximum
aggregate principal amount of Notes which may be outstanding at any one time under the
Programme may be increased from time to time, subject to compliance with the relevant
provisions of the Programme Agreement.
Benchmark Regulation Statement in relation to Administrator's Registration
Amounts payable under the Notes may be calculated by reference to one or several specific
benchmark(s), each of which is provided by an administrator.
As at the date of this Prospectus, the specific benchmark(s) are not yet determined. The Final
Terms will set out the name of the specific benchmark(s) and the relevant administrator. They
wil further specify if the relevant administrator appears or does not appear on the register of
administrators and benchmarks established and maintained by ESMA pursuant to Article 36
of the Regulation (EU) 2016/1011 (the "Benchmark Regulation").

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TABLE OF CONTENTS

TABLE OF CONTENTS........................................................................................................................... 5
DOCUMENTS INCORPORATED BY REFERENCE .............................................................................. 8
DOCUMENTS AVAILABLE FOR INSPECTION ................................................................................... 12
SUPPLEMENT TO THIS PROSPECTUS ............................................................................................. 13
SOURCES OF INFORMATION ............................................................................................................. 13
FORWARD-LOOKING STATEMENTS ................................................................................................. 13
CONSENT TO USE PROSPECTUS ..................................................................................................... 14
RESPONSIBILITY STATEMENT .......................................................................................................... 15
1. SUMMARY ........................................................................................................................................ 16
A.
INTRODUCTION AND WARNINGS ........................................................................................... 16
B.
THE ISSUER ............................................................................................................................... 17
C.
SECURITIES ............................................................................................................................... 21
D.
RISKS .......................................................................................................................................... 39
E.
OFFER ........................................................................................................................................ 45
2. RISK FACTORS ................................................................................................................................ 48
Factors that may affect the Issuer's ability to fulfil its obligations under Notes issued under this
Programme: ................................................................................................................................. 48
Factors which are material for the purpose of assessing the market risks associated with
Notes issued under this Programme: .......................................................................................... 62
Risks related to the structure of particular Notes .................................................................................. 62
Additional Risks in connection with Subordinated Notes ...................................................................... 70
Additional Risks in connection with Senior Notes where Eligible Liabilities Format is applicable......... 72
Risks related to Notes generally ............................................................................................................ 74
Risks related to the market generally .................................................................................................... 74
Risks related to Notes denominated in Renminbi ................................................................................. 78
3. GENERAL INFORMATION ............................................................................................................... 81
4. OVERVIEW OF MORTGAGE PFANDBRIEFE (HYPOTHEKENPFANDBRIEFE), PUBLIC
PFANDBRIEFE (ÖFFENTLICHE PFANDBRIEFE) AND COVERED BONDS
(FUNDIERTE BANKSCHULDVERSCHREIBUNGEN) ............................................................... 84
5. TERMS AND CONDITIONS OF THE NOTES (GERMAN AND ENGLISH LANGUAGE) ................ 87
OPTION I NOTES WITH A FIXED INTEREST RATE ........................................................................ 92
OPTION II NOTES WITH A FLOATING INTEREST RATE ............................................................. 150
OPTION III NOTES WITH A FIXED TO FIXED OR FIXED TO FLOATING INTEREST RATE ....... 221
OPTION IV NOTES WITHOUT PERIODIC INTEREST PAYMENTS .............................................. 309
OPTION V NOTES WITH A REVERSE FLOATING OR FIXED TO REVERSE FLOATING
INTEREST RATE ...................................................................................................................... 359
OPTION VI TARGET REDEMPTION NOTES WITH A FIXED TO SPREAD FLOATING
INTEREST RATE OR FIXED TO FLOATING INTEREST RATE ............................................. 439

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OPTION VII NOTES WITH A SPREAD FLOATING OR FIXED TO SPREAD FLOATING
INTEREST RATE ...................................................................................................................... 532
6. FORM OF FINAL TERMS ............................................................................................................... 632
7. USE OF PROCEEDS ...................................................................................................................... 693
8. ERSTE GROUP BANK AG ............................................................................................................. 694
8.1
INTRODUCTION ....................................................................................................................... 694
8.2
BACKGROUND ......................................................................................................................... 694
8.3
SHARE CAPITAL OF ERSTE GROUP BANK .......................................................................... 694
8.4
BUSINESS OVERVIEW ............................................................................................................ 694
8.5
CREDIT RATINGS .................................................................................................................... 702
8.6 RECENT DEVELOPMENTS ..................................................................................................... 705
9. ADMINISTRATIVE, MANAGEMENT AND SUPERVISORY BODIES ............................................ 706
10. LEGAL PROCEEDINGS ............................................................................................................... 712
11. MATERIAL CONTRACTS ............................................................................................................. 714
12. TAXATION ..................................................................................................................................... 716
AUSTRIA ............................................................................................................................................. 716
CROATIA ............................................................................................................................................. 719
CZECH REPUBLIC ............................................................................................................................. 722
GERMANY ........................................................................................................................................... 725
HUNGARY ........................................................................................................................................... 730
LUXEMBOURG ................................................................................................................................... 734
ROMANIA ............................................................................................................................................ 736
SLOVAK REPUBLIC ........................................................................................................................... 740
UNITED STATES ................................................................................................................................ 744
13. SUBSCRIPTION AND SALE ......................................................................................................... 745
GENERAL ............................................................................................................................................ 745
UNITED STATES ................................................................................................................................ 745
PROHIBITION OF SALES TO RETAIL INVESTORS IN THE EUROPEAN ECONOMIC AREA ....... 746
UNITED KINGDOM ............................................................................................................................. 747
HONG KONG ...................................................................................................................................... 747
JAPAN ................................................................................................................................................. 747
REPUBLIC OF KOREA ....................................................................................................................... 748
SINGAPORE ....................................................................................................................................... 748
TAIWAN ............................................................................................................................................... 749
THE PRC ............................................................................................................................................. 749
GLOSSARY AND LIST OF ABBREVIATIONS ................................................................................... 750
GERMAN TRANSLATIONS ................................................................................................................ 757
GERMAN TRANSLATION OF THE SUMMARY ................................................................................. 757

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GERMAN TRANSLATION OF THE RISK FACTORS ......................................................................... 792

Page 7

DOCUMENTS INCORPORATED BY REFERENCE
This Prospectus should be read and construed in conjunction with the following parts of the
following documents which are incorporated by reference into this Prospectus and which have
been filed with the FMA:
Document/Heading
Page reference in
the relevant
financial report
German language version of the Audited Consolidated

Financial Statements of the Issuer for the financial year
ended
31 December
2018 Annual
Report 2018
(Geschäftsbericht 2018)
(the "Audited Consolidated Financial Statements 2018")1
Consolidated Income Statement
114
(Konzern-Gewinn- und Verlustrechnung)

Consolidated Comprehensive Income Statement
115
(Konzern-Gesamtergebnisrechnung)

Consolidated Balance Sheet (Konzernbilanz)
116 117
Consolidated Statement of Changes in Equity
118 119
(Konzern-Eigenkapitalveränderungsrechnung)

Consolidated Cash Flows Statement
120
(Konzern-Kapitalflussrechnung)

Notes to the Consolidated Financial Statements
121 313
(Anhang (Notes) zum Konzernabschluss)

Glossary (Glossar)
314 316
Auditor's Report (Bestätigungsvermerk)
318 324
German language version of the Audited Consolidated

Financial Statements of the Issuer for the financial year
ended
31 December
2017 Annual
Report 2017
(Geschäftsbericht 2017)
(the "Audited Consolidated Financial Statements 2017")1
Consolidated Income Statement
104
(Konzern-Gewinn- und Verlustrechnung)

Consolidated Comprehensive Income Statement
105
(Konzern-Gesamtergebnisrechnung)

Consolidated Balance Sheet (Konzernbilanz)
106
Consolidated Statement of Changes in Equity
107 108
(Konzern-Eigenkapitalveränderungsrechnung)

Consolidated Cash Flows Statement
109
(Konzern-Kapitalflussrechnung)

Notes to the Consolidated Financial Statements
110 290
(Anhang (Notes) zum Konzernabschluss)

Auditor's Report (Bestätigungsvermerk)
291 295

1 The officially signed German language versions of the Issuer's Audited Consolidated Financial Statements 2017
and 2018 are solely legally binding and definitive.

Page 8

Glossary (Glossar)
297 298
English language translation of the Audited Consolidated

Financial Statements of the Issuer for the financial year
ended 31 December 2018 Annual Report 20182
Consolidated Income Statement
105
Consolidated Comprehensive Income Statement
106
Consolidated Balance Sheet
107 108
Consolidated Statement of Changes in Equity
109 110
Consolidated Cash Flows Statement
111
Notes to the Consolidated Financial Statements
112 287
Glossary
288 290
Auditor's Report
292 297
English language translation of the Audited Consolidated

Financial Statements of the Issuer for the financial year
ended 31 December 2017 Annual Report 20172
Consolidated Income Statement
100
Consolidated Comprehensive Income Statement
101
Consolidated Balance Sheet
102
Consolidated Statement of Changes in Equity
103 104
Consolidated Cash Flows Statement
105
Notes to the Consolidated Financial Statements
106 273
Auditor's Report
274 278
Glossary
280 281
English language translation of the Unaudited Interim

Condensed Consolidated Financial Statements of the
Issuer for the first quarter year ended 31 March 2019
Interim
Report
First
Quarter
2019
(the "Unaudited Interim Condensed Consolidated Financial
Statements as of 31 March 2019")
Condensed Statement of Income
16 18
Condensed Balance Sheet
19
Condensed Statement of Changes in Equity
20
Condensed Statement of Cash Flows
21
Condensed notes to the Interim Consolidated Financial
22 74
Statements of Erste Group for the period from
1 January to 31 March 2019
For the avoidance of doubt, such parts of the Audited Consolidated Financial Statements
2017 and 2018 respectively as well as of the Unaudited Interim Condensed Consolidated
Financial Statements as of 31 March 2019 which are not explicitly listed in the tables above,

2 The English translations of the Audited Consolidated Financial Statements of the Issuer for the financial years
ended 31 December 2017 and 31 December 2018 are not legally binding and are incorporated into this
Prospectus by reference for convenience purposes only.

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are not incorporated by reference into this Prospectus as these parts are either not relevant
for the investor or covered elsewhere in this Prospectus.
Any information not listed above but included in the documents incorporated by reference is
given for information purposes only.
Such parts of the documents which are explicitly listed above shall be deemed to be
incorporated in, and form part of this Prospectus, save that any statement contained in such a
document shal be deemed to be modified or superseded for the purpose of this Prospectus
to the extent that a statement contained in this Prospectus modifies or supersedes such
earlier statement (whether expressly, by implication or otherwise). Any statement so modified
or superseded shall not be deemed, except as so modified or superseded, to constitute a part
of this Prospectus.
Furthermore, this Prospectus should be read and construed in conjunction with each set of
Final Terms relating to any Notes that are offered under the Programme at the time of this
Prospectus which has been previously filed with the FMA. The following sections of the
following prospectuses relating to the Programme, which have been previously published, are
incorporated by reference into this Prospectus:
Prospectus/Section
Page reference in the
relevant prospectus
The prospectus dated 11 May 2018

Terms and Conditions of the Notes (German and
95 504
English language)
Form of Final Terms PART A. TERMS AND
505 554
CONDITIONS, provided that in the second paragraph
on the fifth page of the Form of Final Terms the
reference "11. Mai 2018" shal be replaced by
"10. Mai 2019" and in the second paragraph on the
sixth page of the Form of Final Terms the reference
"11 May 2018" shall be replaced by "10 May 2019"
The prospectus dated 12 May 2017

Terms and Conditions of the Notes (German and
94 505
English language)
Form of Final Terms PART A. TERMS AND
506 552
CONDITIONS, provided that in the second paragraph
on the second page of the Form of Final Terms the
reference "12. Mai 2017" shal be replaced by
"10. Mai 2019" and in the second paragraph on the
third page of the Form of Final Terms the reference
"12 May 2017" shall be replaced by "10 May 2019"
The prospectus dated 13 May 2016

Terms and Conditions of the Notes (German and
93 465
English language)
Form of Final Terms PART A. TERMS AND
466 513
CONDITIONS, provided that in the second paragraph
on the second page of the Form of Final Terms the
reference "13. Mai 2016" shal be replaced by
"10. Mai 2019" and in the second paragraph on the
fourth page of the Form of Final Terms the reference

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