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

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