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Peter Bosek will remain in his current roles until 31 Decemberworking with the management and supervisory board teams of both Erste Bank and Erste Group to ensure a smooth transition.

Further announcements on the succession process will be made in due time. Commenting on Peter Bosek's contribution to Erste, supervisory board chairman Friedrich Rödler said: "Together with his management team, Peter has established Erste Bank as the leading bank in Austria.

As a member of Erste Group's management board, he was also instrumental in consolidating our presence in CEE and establishing Erste as the frontrunner in digital banking across the region, not least thanks to the success of George, Erste's digital banking platform.

He will always be part of the Erste family and we all wish him the very best of luck for the future and his new challenge.

I have helped steer Erste through periods of booming growth and ones marked by significant challenges, but I know that I will be leaving Erste as a bank that's uniquely well-positioned to continue providing befektetési platform luminor customers with the very best in banking.