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Neubauer Artists Acquisition

Neubauer Artists has been acquired by Erste Sparkasse Group on Nov. 18 2023 for  €1 billion in a final offer to the bank group with an clause that Neubauer Artists will operate on a budget of €275 million monthly from an equity  income of €700 million and on an insurance of €30,000,000 billion. 

The company now is a division of Erste Sparkasse Group under the leadership of the President, CEO and Chairman Prince Jorge Jimenez Neubauer Torres V.

Neubauer Artists Insurance Runs As:

The insurance applies not just to the company but to all those artists we represent and employees directly and indirectly. Including the insurance on Jorge Jimenez Neubauer Torres as a principal on personal, and business behavior covering the following: not achieving the results of a contract, providing negligent advice, not auditing a company’s accounts properly, medical malpractice when performing a surgical procedure, giving poor legal advice, injury or death, such as your food making a customer sick, negligent advice, nervous shock that results in an emotional distress or a recognised psychiatric illnesses, property damage, such as causing a fire, consequential loss, protection of business revenue, equity, and operating income, electronic equipment insurance from theft, destruction or damage, directors, officers, and trustees, liability, employment practices liability, government fines or tax audit cost, cyber and privacy liability, and private capital raisings.

GERMAN CERTIFICATE

insurance

INSURANCE, OPERATING BUDGET, AND SHAREHOLDING

ERSTE SPARKASSE TO EXPAND 400 BRANCHES IN EUROPE IN 2024

The Erste Sparkasse Chairman & President Jorge "George" Jimenez Neubauer Torres has finished talks to expand the bank with 400 new branches in Eastern Europe in 2024. 


The Banking Group wants to continue to grow dynamically in the coming years. “We want to open 400 new branches in Luxembourg and Eastern Europe in the next three years,” said the bank new German boss, Jorge "George" Jimenez Neubauer Torres, to the "Frankfurt Post”. Adding that they have already opened 32 in Germany.


The right properties in big cities are crucial. “In Luxembourg, and Eastern Europe, for example, there is still potential for us,” Jimenez Neubauer Torres continued. 

The bank chain recently opened and reopened locations in cities such as Hamburg, Heilbronn, and Singen: "That's where you see the dynamic." he explained.


The German boss sees his company in a profound change process. "We have modernized two thirds of our 5,100 branches in Europe. The range has become sharper." In addition, they are becoming bigger on all sales channels: "Since I've been here, I've only been concerned with growth." Mr. Jimenez Neubauer Torres added "We already have 22,000 ATMs in Germany only and would like to expand to different Eastern Europe countries. Since we have constructed a solid network"


According to him, the bank concept has also changed: "We have strengthened the brand and the way we look at customers in a retention position. Not wanting them to move through the masses of banking system but rather be inspired while having a smooth banking experience and discover new opportunities with what we have to offer to them.


The Banking Group wants to continue to grow dynamically in the coming years. As we are expanding in Luxembourg and Eastern Europe with 400 new branches in the next three years we want to solidify in the European Union different markets,” said the bank new Chairman & President , Jorge "George" Jimenez Neubauer Torres, to the "Frankfurt Post”. Adding that the company is in a profound change process. 

GEORGE ERSTE SPARKASSE

JORGE LIMITED PLC

THE GEORGE INSTITUTE FOR GLOBAL HEALTH

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