Provides banking services with a focus on social inclusion.
Erste Bank, part of Erste Group, is one of Austria's largest banking groups, serving over 4 million customers through 797 branch offices. The bank, with roots dating back more than 200 years, has a strong presence in Central and Eastern Europe. Erste Bank's Social Banking program is a key initiative, focusing on financial inclusion and support for underserved segments. The program aims to assist start-ups, small businesses, social organizations, and low-income individuals. Since 2016, Erste Group's Social Banking has invested about €600 million in loans for social development in the CEE region, contributing to the creation or preservation of around 97,000 jobs. The bank offers tailored financial products, business education, and mentoring to entrepreneurs. It provides working capital and investment loans to small businesses, including farmers and shop owners in rural areas. Erste Bank also supports social organizations to expand their impact and helps people in financial difficulties improve their housing and financial stability. Recent projects include financing a 94-megawatt windfarm in Serbia, developed by Enlight Renewable Energy, and providing a €90 million loan to CTP for logistics and industrial assets in Hungary. These initiatives demonstrate Erste Bank's commitment to sustainable development and economic growth in the region.