ERSTE Foundation

ERSTE Foundation (in German DIE ERSTE österreichische Spar-Casse Privatstiftung or in short: ERSTE Stiftung) is the biggest Austriansavings bank foundation. In 2003, it evolved from the Erste österreichische Spar-Casse, the first Austrian savings bank founded in 1819. It is the core shareholder of Erste Group. As a private Austrian savings banks foundation, the foundation invests parts of its dividends to support the development of societies in Central and South Eastern Europe.