Oct. 28 (Bloomberg) -- Erste Group Bank AG Chief Executive Officer Andreas Treichl said he will avoid “at all cost” to take more state aid because he expected a possible next tranche to be tied to significantly worse conditions for the bank.

Treichl was speaking to analysts in a telephone conference.

To contact the reporter on this story: Boris Groendahl in Vienna at bgroendahl@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net