Fundamental analysis of Erste Bank

This bachelor thesis deals with fundamental analysis of Erste Bank's shares on the Prague Stock Exchange. The first chapter analyses the influence of macroeconomic variables on development of the stock index. In the second chapter attention is paid to banking sector, therefore how its development can influence share price. The last chapter deals with corporate analysis, which using various methods calculates the share's intrinsic value. Based on these partial analyzes is derived investment recommendation relating to Erste Bank shares in conclusion