03.06.2013

A bank like BCR, which has 10% of the national branch network, 20% of the assets, loans or deposits and 15% of the employees in the entire system, cannot be that hard to turn around. It only needs more

03.04.2013

The European Investment Bank extended a EUR50 million credit line to Romanian bank BCR for on-lending to small and medium-sized enterprises, midcap companies and public entities in Romania. more

03.04.2013

Romania’s largest bank BCR will have a debt collection unit, staffed by 500 people, operate as standalone company. more

02.28.2013

Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk costs, more

02.28.2013

Romania’s leading bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Thursday reported a net loss of 1.2 billion lei (EUR277 million), as higher risk costs negated an otherwise good more

02.25.2013

Philippe Citerne, former deputy chief executive officer of Societe Generale, and the experts of US management consulting firm Bain&Co, once run by US presidential candidate Mitt Romney have devised more

01.24.2013

Romania’s consolidated general budget posted a deficit in ESA95 terms of 3.3% of the gross domestic product in 2012, above the 3% of GDP limit agreed with the European Commission, according to more

01.24.2013

Romanian leading bank BCR Thursday maintained its forecast on the country’s economic growth unchanged at 1.1% in 2013, but said that a better-than-expected harvest and good retail and service more

01.21.2013

Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a pretax profit of 250 million lei (EUR57.5 million) for the full-year 2013, according to the lender’s more

01.16.2013

The budget of Romania’s largest bank BCR in 2013, which is set to be approved by the General Shareholders’ Meeting on January 23rd, provides for a profit at the end of the year, although the more

01.15.2013

Austria's Erste Group Bank AG (EBS.RO) said Tuesday it has written down EUR300 million mainly on goodwill associated with its Romanian unit BCR due to higher market risk premiums resulting in rising more

01.06.2013

In the seven years since taking over lender Banca Comerciala Romana (BCR), Austria’s Erste has gained a lot of experience, but the bank it now controls is far from the plan it dreamed up in 2005. more

12.17.2012

Romanian regional investment fund SIF Oltenia (SIF5.RO) has decided not to contribute to a 501 million lei (EUR110 million) capital increase at lender Banca Comerciala Romana, or BCR, the fund said more

12.17.2012

Romania’s leading bank group Banca Comerciala Romana (BCR) will lay off 1,600 employees over the next 12 to 18 months and will close over 60 local units, as part of a larger cost-cutting strategy, more

12.06.2012

Romanian lender Banca Comerciala Romana (BCR) has approved the suspension of foreclosure procedures targeting Bucharest shopping center Cocor, the owner of the mall said in a statement Thursday. more

12.05.2012

Romanian life insurer BCR Asigurari de Viata, part of Austria's Vienna Insurance Group (VIG), on Wednesday reported a 5% increase in underwritten premiums to 275.36 million lei (EUR60.5 million) on more

12.03.2012

The stockholders of Romanian leading bank group Banca Comerciala Romana (BCR) decided Monday to increase the bank’s share capital by 501 million lei (EUR110 million) and to amend its constitutive more

12.03.2012

Romania’s lender BCR and BRD consider necessary the immediate amendment of the legislation regarding the covered bonds, which will ensure the banks the required liquidity to finance medium and more

11.22.2012

The shareholders of BCR Leasing will meet on December 24 for talks on increasing the company’s share capital by 40.64 million lei (EUR8.97 million), to nearly RON90.8 million (EUR20 million). more

11.20.2012

Romanian lender Banca Comerciala Romana (BCR) has recently failed to sell Bucharest shopping center Cocor, as no bidder was present at the auction. more

11.15.2012

BCR Leasing financing in Romania might decrease 5% in 2012, from EUR77 million a year ago, as many equipment acquisitions were delayed due to the difficult economic conditions, Bogdan Speteanu, more

11.14.2012

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

11.08.2012

Austrian Erste Group has commissioned Czech banker Tomas Spurny, known regionally as an expert in restructuring, to bring Romanian BCR lender back to profit, if possible as early as next year. more

11.05.2012

Romanian leading bank group Banca Comerciala Romana (BCR) aims to attract 501 million lei (EUR110 million) from stockholders, through a share capital hike to be discussed in stockholders’ meeting more

10.31.2012

Andreas Treichl, head of Erste, will pay special bonus if management of Romania’s largest bank BCR is successful in restructuring the bank. more