Erste Group share increases: President of the Tyrolean Savings Bank becomes member of the Board of Directors of client companies – OGH cancels several clauses in S-Leasing contracts

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Tiroler Sparkasse CEO Hans Unterdorfer will be promoted to the executive floor of Erste Bank Austria and will be a member of the board of directors for corporate clients from September 1, 2022.

Erste Bank announced on Monday that it will succeed Willibald Sirenko, who replaced Bernard Spalt as CEO of Erste Group in early July. The supervisory board has not yet approved the proposal.

Unterdorfer’s successor has yet to be determined. The bank has announced that it will therefore remain at the head of Tiroler Sparkasse until a successor is found, but no later than October 31. Unterdorfer has been the CEO of Sparkasse in Tyrol since 2011.

OGH cancels numerous clauses in suburban rental agreements

The Supreme Court (OGH) declared inadmissible several clauses of the contracts of the company S-Leasing of Erste Group. The Association for Consumer Information (VKI) had previously filed a complaint on behalf of the Ministry of Social Affairs. Among other things, tenants had to pay the costs incurred in the event of a default, whether or not they were responsible for the default, VKI wrote in Monday’s show.

In addition, the Supreme Court declared a clause inadmissible, according to which the lessee is liable for any misuse of the tire purchase card – even if the misuse was committed by third parties. In addition, the damages settlement clauses are not transparent. The conditions for granting these rights are not specified.

It is also unacceptable that consumers cannot choose whether rent prescriptions are made electronically or by post. “People who do not have the technical means to receive ‘e-mails’ – for example because they do not have an e-mail address – may not receive rental fee settlements, says VKI’s head lawyer, Maximilian Kemtmüller.Erste Group Bank shares rose 2.43% in Vienna to close at 24.46 euros.

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