07.10.2012

Six members of the executive team of BCR, the largest bank on the market, received overall compensation of over EUR1.8 million in 2011 as salary before tax, while the performance bonus was zero. more

06.15.2012

The creation of the largest mutual fund in Romania started in Brussels, at the European Commission to be precise, which decided to change the rules for the operation of money-market funds to make them more

06.13.2012

Four years ago, when the old Cocor store closed for an extensive upgrade program, it was over 90% rented and the average rent stood at EUR47 per square meter. Cocor Bucuresti (COCR.RO), which owns the more

06.12.2012

The shareholders of Romanian life insurance company BCR Asigurari de Viata will discuss in July the decision to increase the company’s share capital by 11.04 million lei (EUR2.47 million), to more

06.12.2012

Romanian natural gas producer Romgaz could be floated simultaneously in Bucharest and on a foreign exchange, but such a decision requires serious consideration, one of the brokers running the sale of more

06.12.2012

Cocor Bucuresti (COCR.RO), owner of the eponymous shopping center in downtown Bucharest, might be foreclosed on by BCR, according to a report sent to the Bucharest Stock Exchange on Monday. more

06.12.2012

Oana Petrescu, former retail vice-president at lender BCR, joined consultancy firm Deloitte. She is now in charge of consulting for strategy and operations, human capital, technology and financial more

06.07.2012

Romanian bank Banca Comerciala Romana, or BCR, Thursday said Moody’s decision to downgrade its credit ratings will have only a limited impact on its operations. more

06.07.2012

The parent banks of three of the largest Romanian lenders, BCR, Raiffeisen and UniCredit Tiriac Bank, had their ratings downgraded by Moody’s on Wednesday, because their exposure to the region is more

06.07.2012

Moody's ratings agency downgraded lenders Banca Comerciala Romana (BCR) and Raiffeisen Bank Romania to Ba1, a move synchronized with rating cuts in the banking sector in the Central and Eastern Europe more

06.05.2012

Austria’s Erste Group Bank AG (EBS.RO) Tuesday said it has increased its stake in Romanian lender Banca Comerciala Romana (BCR) to 93.27% from 93.04%, following a buyout offer to BCR minority more

06.05.2012

Omniasig and Astra continue to fight over the leading position on the general insurance market, as the cumulated revenue of Omniasig and BCR Asigurari, which merged last month, fell below Astra’s in more

05.24.2012

The European Investment Bank has extended a EUR50 million credit line to Romanian lender BCR for on-lending to small and medium sized enterprises, midcap companies and public entities, the banks said more

05.07.2012

Austria’s Erste has finished cleaning up its loan portfolio in Hungary but the process continues in Romania with BCR, where the group plans to raise the degree of coverage of non-performing loans more

05.03.2012

Romania’s largest bank Banca Comerciala Romana Thursday said the leu is likely to trade inside a range of 4.3-4.5 per euro for most of 2012 and estimated the national currency is currently more

05.01.2012

The merger of Romanian insurers BCR Asigurari and Omniasig, controlled by Austrian group Vienna Insurance Group (VIG), has been completed and the new company has become the leader of the local more

05.01.2012

Banca Transilvania was the most profitable top three bank in the first quarter and the only one to have posted asset growth, as the economy remained difficult. more

04.30.2012

Romania's largest banking group BCR Monday reported the widest quarterly loss since it was taken over by Austria’s Erste Bank (EBS.RO) in 2006 as rising risk costs continued to hurt the bottom line. more

04.30.2012

The new management team of Banca Comerciala Romana, or BCR, has set as main target a return to profit in the medium term. The Romanian central bank has recently approved the appointment of Tomas more

04.27.2012

Romania's central bank has authorized the appointment of Tomas Spurny as the new chief executive officer of Banca Comerciala Romana, or BCR, the commercial lender said in a statement Friday. more

04.19.2012

BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, Thursday reported a net profit of 11.98 million lei (EUR2.74 million) in 2011, well above RON1.74 million a year more

04.18.2012

Romanian mandatory private pension fund BCR registered over 400,000 contributors at the end of March, according to data released by private pension system regulator CSSPP. more

04.13.2012

Omniasig and BCR Asigurari, controlled by Austrian insurer Vienna Insurance Group (VIG), will as of next month become one company with 2,400 employees and a territorial network of 350 branches. more

04.12.2012

Romanian brick maker Cemacon (CEON.RO) could pay over EUR300,000 to a financial adviser in negotiations aimed at reducing the debt owed to lender BCR by some EUR10 million. more

04.11.2012

Romanian regional investment fund SIF Muntenia (SIF4.RO) Wednesday said it has sold its remaining stake in Banca Comerciala Romana (BCR) to Austria’s Erste Group Bank AG (EBS.RO) for 53.5 million more