Bloomberg News

Erste Group Rebounds From Four-Month Low as Spain Concern Eases

June 04, 2012

Erste Group Bank AG (RBAG) rebounded from a four-month low as Spanish unemployment and bond yields fell, easing concern the euro area’s financial crisis will spread.

The stock jumped 1.9 percent to 362.8 koruna by 2:15 p.m. in Prague, snapping a 5.8 decline in the previous three sessions to the lowest price since Jan. 18. The PX (PX) equity index, in which Austria’s Erste has an 18 percent weighting, rose 0.6 percent.

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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