04.11.2012

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Wednesday said that it has sold the last shares it held in lender BCR to Austrian Erste Group Bank (EBS.RO), and now it stands to collect more

04.05.2012

After almost four years at the helm of BCR, British executive Dominic Bruynseels is leaving the largest bank on the market with a visibly stronger position on the corporate banking segment, but weaker more

03.29.2012

Austria’s Erste Group (EBS.RO) has only one of the top ten individual shareholders of BCR left to persuade, after nine of them have already accepted the offer to sell at 1.09 lei per share, which is more

03.26.2012

BCR, the largest Romanian bank, ended 2011 with a net loss of 511 million lei (EUR117 million) compared with a profit of RON55.4 million in 2010, according to its filings based on the Romanian more

03.21.2012

Erste Group Bank (EBS.RO), majority holder of Romanian lender BCR, extended until May 25 the deadline for the operation where it plans to buy a 0.365% stake in BCR. more

03.21.2012

Romania's insurance regulator CSA on Tuesday authorized the merger of Omniasig VIG and BCR Asigurari VIG into the market's new leader. more

03.06.2012

Andreas Treichl, the chief executive of Austria's Erste Group Bank (EBS.RO), says he is confident the finance and transport ministers in Romania's new government will show good performance. more

03.06.2012

Five years after Erste took control of Romania's largest bank, Andreas Treichl, the chief executive of the Austrian group, has high expectations from the new management team of BCR. more

03.06.2012

BCR, the largest Romanian bank, will have to resort more to the EUR3 billion external funding program it launched in 2009 because the core local business in Romania needs to be financed locally, says more

03.01.2012

BCR is not an inefficient bank - it has not done badly under the circumstances - and once the economic situation improves, it will be a very profitable bank, says Andreas Treichl, CEO of Erste Group, more

02.29.2012

Banca Comerciala Romana (BCR), the Romanian arm of Erste Group Bank (EBS.RO), Wednesday said its net profit fell 85% in 2011 to 70.9 million lei (EUR16.3 million), impacted by low income generation, more

02.28.2012

Shareholders of Romanian insurer BCR Asigurari decided Monday, February 27, to raise the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million, part of its merger with more

02.27.2012

Romania’s largest bank by assets Banca Comerciala Romana (BCR) Monday said its private banking business rose 29% to over 2,000 customers at the end of 2011, with total assets under management worth more

02.22.2012

Moody's Investors Service Tuesday warned it might lower the credit ratings of 21 bank subsidiaries in central and eastern Europe region and Commonwealth of Independent States, including Romania’s more

02.17.2012

The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR118.6 more

02.10.2012

Erste Group and its local subsidiary, BCR, will continue to finance the Romanian economy, and will give priority to new leu-denominated loans, while keeping a conservative approach to foreign currency more

02.07.2012

Erste Group Bank (EBS.RO), majority shareholder of Romanian lender BCR, proposed a price of 1.09 lei (EUR0.25) per share to minority holders, in a bid to take over a total 0.36% stake in the local more

02.03.2012

Romanian regional investment fund SIF Muntenia (SIF4.RO) Friday said it will transfer 190.23 million shares of its remaining stake in Banca Comerciala Romana (BCR) to Erste Group Bank (EBS.RO) in more

01.27.2012

Shareholders of insurer BCR Asigurari will discuss on February 27 raising the company’s share capital by 207.1 million lei (EUR47.7 million), to RON250.3 million within its merger with insurer more

01.27.2012

Romania’s top lender Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank (EBS.RO), has appointed Tomas Spurny as its new chief executive officer, the bank said in a statement Friday. more

01.27.2012

After several months of rumors and speculations, Austria’s Erste Group is ready to publicly announce all the changes it decided to make to the management of its Romanian unit BCR, the largest bank more

01.26.2012

Romanian leading bank Banca Comerciala Romana (BCR) estimates provisions for potential bad loans will rise 35% to 5.32 billion lei (EUR1.22 billion) in 2012, according to the lender’s revenue and more

01.24.2012

Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, the bank more

01.24.2012

After more than five years as executive vice-president at BCR, the largest Romanian bank, Oana Petrescu says that her training as a consultant influenced her management style and once the major more

01.18.2012

The largest merger on the Romanian insurance market is only halfway to completion, but the outlines of the new company resulting from the consolidation of Omniasig and BCR Asigurari’s business are more