Bloomberg News

Erste Leads Czech Stocks Higher Before Greece Bailout Meeting

February 20, 2012

Feb. 20 (Bloomberg) -- Erste Group Banka AG led gains in Czech stocks before euro-area finance ministers meet to discuss a Greek bailout and as China cut banks’ reserve requirements.

The Austrian lender rose 2 percent to 476 koruna by 11:22 a.m. in Prague. The PX gauge of companies, where Erste has a 22 percent weighting, advanced 0.3 percent.

--Editors: Linda Shen, Ash Kumar

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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