07.04.2014

Erste Group Bank (EBS.RO) traded down more than 13% in Bucharest Friday morning, after the Austrian banking group issued a profit warning yesterday. more

06.10.2014

Tackling the problem of rising non-performing loans by cleaning up the banks’ balance sheets will likely yield results as of 2015-2016, BCR chief executive Tomas Spurny said Tuesday. more

06.09.2014

The ten large banks in Romania, with more than 3% market share, did not help revive lending in the first quarter of 2014 either, as the only one of the pack to have seen a significant increase in loan more

06.03.2014

Romania’s largest bank Banca Comerciala Romana (BCR) granted over 65,000 consumer loans in the first five months of the year, up 70% from the corresponding period a year earlier. more

05.26.2014

Lender BCR bought Brasov-based insolvent residential project Silver Mountain, developed by INR Management Real Estate, for EUR49.7 million, judicial administrator Euro Insol said in a statement. more

05.15.2014

Sorin Serban, the executive who filled the chief restructuring officer position with Volksbank for the past two years and a half, was recruited by BCR, Romania’s largest bank, for an executive more

04.30.2014

BCR, Romania’s largest bank, Wednesday reported a first-quarter net profit of 1 million lei (EUR0.2 million), compared with a loss of RON10 million in the year-earlier period. more

04.23.2014

Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO) earmarked up to RON526 million to fund small- and medium-sized enterprises (SMEs), with half of the financing guaranteed more

04.16.2014

BCR’s retail loan portfolio in the first quarter of 2014 posted growth for the first time in three years as a rebound in consumer confidence has been felt starting the first half of the year, said more

04.07.2014

Romania’s largest lender Banca Comerciala Romana, or BCR, has extended leu-denominated consumer loans exceeding 1.5 billion lei (EUR336 million) in 2013, the bank said in a statement Monday. more

04.04.2014

Romanian lenders Banca Comerciala Romana (BCR), BRD-Groupe SocieteGenerale, Raiffeisen Bank and UniCredit Tiriac Bank on Friday announced plans to set up the first banking employers’ association in more

04.01.2014

Banca Comerciala Romana, the largest Romanian bank, last year became the owner of the land plot on Calea Victoriei boulevard where is located Bucharest Financial Plazza, the tower that hosts its more

03.18.2014

Romania’s Financial Supervisory Authority has not identified any institutional guilt of Banca Comerciala Romana in the case of Harinvest fraud, as the bank observed the market regulations and was more

03.10.2014

Romania’s economy is unlikely to experience significant difficulties following a potential debt payment default in Ukraine or commercial sanctions on Russia, according to estimates from lender BCR. more

03.10.2014

Romania's largest lender Banca Comerciala Romana saw its corporate loan portfolio dwindle by RON1.3 billion between September 2013 and November 2013 alone, while its retail loan volume shrank by more

03.04.2014

Erste Group and Banca Comerciala Romana will provide EUR76 million funds for the construction of the 108 MW wind farm Crucea North, in the Dobrogea region on the Romanian Black Sea coast, while EBRD more

02.28.2014

Romania’s largest bank BCR returned to a positive result in 2013 after a massive loss in the previous year, helped by improving operating activity and much lower risk costs. more

02.20.2014

Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO) raised its guarantee ceiling for government-backed “First Home” mortgage lending program by 252 million lei (EUR56.1 more

02.13.2014

The European Investment Bank Thursday said it has provided a EUR15 million loan to Romanian leasing company BCR Leasing to finance small and medium-sized enterprises (SMEs), midcap companies and more

02.11.2014

Austria’s Erste Group Bank AG (EBS.RO) on Tuesday said its net profit fell eight-fold on the year to EUR60 million, hit by goodwill write-down, but noted its Romanian unit BCR performed as expected. more

02.05.2014

Do-it-yourself and construction material distribution company Ambient, controlled by Sibiu businessman Ioan Ciolan, in late 2013 carried out an extensive financial overhaul process by which its debts more

01.31.2014

Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), has appointed Adriana Jankovicova as its new Chief Financial Officer, effective March 1, the lender said in a statement more

01.24.2014

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), reported a net profit of around 370 million lei (EUR81.7 million) in 2013, sources at the bank said Friday. more

01.22.2014

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a net profit of 647 million lei (EUR142.8 million) for the full-year 2014, according to the lender’s revenue more

01.20.2014

Romania’s largest bank BCR, a unit of Austrian Erste Group Bank AG (EBS.RO), on Monday lowered by up to one percentage point its interest rates on leu-denominated mortgage and consumer loans, the more