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

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