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

01.20.2014

BCR has concluded its ambitious restructuring process started eighteen months ago and has become an efficient bank, said the chief executive of Erste Group Bank (EBS.RO), the owner of Romania's more

01.06.2014

The visible decline of leu interest rates should revive the demand for loans, but the major obstacle to the market rebound remains the absorption of the huge volume of non-performing loans. more

12.19.2013

Sorin Mititelu, former director of the Retail Segment Management Department of Banca Comerciala Romana (BCR), will take over as head of life insurer BCR Asigurari de Viata, starting January 1, 2014. more

12.19.2013

Romania’s leading bank group Banca Comerciala Romana, or BCR, has laid off 1,200 staff this year under a larger restructuring program announced in late 2012, a senior official of the bank said more

12.17.2013

Life insurer BCR Asigurari de Viata wants to increase its share capital by 120.52 million lei (EUR27 million) to RON153.5 million, through cash contribution. more

12.17.2013

Austria's Erste Group Bank AG (EBS.RO) said Tuesday it has written down EUR350 million mainly on goodwill associated with its Romanian unit BCR due to higher capital requirements applied in the more

12.05.2013

Radu Craciun will take over the position of research manager and chief economist at Banca Comerciala Romana (BCR), Romania’s largest lender by assets, starting February 2014. more

12.01.2013

Romanian lender Banca Comerciala Romana (BCR) led the Bucharest bourse’s brokers chart in November, outranking Swiss Capital, which kept the top brokerage position in the past three months. more

11.18.2013

Romania has a low indebtedness level and a high potential for economic growth and any government that cannot create conditions for a growth rate of at least 5% a year should not benefit from voter more

11.15.2013

BCR and BRD, Romania’s top two lenders, continued the deleveraging process in the third quarter of the year. The fact that market leaders are narrowing their exposure to the corporate sector keeps more

11.14.2013

Fitch Ratings Wednesday affirmed its long-term issuer default ratings on Romanian banks Banca Comerciala Romana (BCR) and BRD-Groupe Societe Generale at ‘BBB+’ and on Garanti Bank Romania at more

11.07.2013

Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) has provided financing of over 100 million lei (EUR22.5 million) this year, double on the year, through 1,500 contracts. more

11.05.2013

Romanian brick maker Cemacon (CEON.RO) on Tuesday said it has reached an agreement in principle with its main creditor, Banca Comerciala Romana (BCR), to restructure a EUR26.1 million loan package more

10.30.2013

Romania’s largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Wednesday reported a net profit of 559.8 million (EUR126.9 million) for the first nine months, compared with a loss of more

10.29.2013

Farms in Romania lack the needed number of vehicles and machinery and the country has too many small farms to be able to gain efficiency, according Banca Comerciala Romana (BCR). more

10.23.2013

Romanian lender Banca Comperciala Romana (BCR), part of the consortium which brokers an initial public offering for 15% in state-run natural gas producer Romgaz, has called on the Bucharest Stock more

10.10.2013

Romanian telecom operator Romtelecom on Thursday announced it would provide local IT support services to over 1,000 units of the country’s largest lender Banca Comerciala Romana (BCR). more

10.10.2013

Recent media coverage of the banking industry in Romania raised important issues concerning ability and willingness of local banks to lend. In addition, we have wide ranging debate and recent more

10.04.2013

Romanian power grid operator Transelectrica (TEL.RO) Friday said it has hired local lender BCR to assist with its planned 200 million lei (about EUR45 million) five-year bond issue due for launch on more

10.01.2013

Romania’s largest bank by assets BCR Tuesday said it has reshuffled its management board, naming a new chief risk officer and a new head of corporate and markets. more

10.01.2013

Public offerings conducted by state-run companies on the stock exchange have created a favorable environment for privately-held companies looking for capital, says Matei Filipidescu, head of the more