Results 476 - 500 from 545 for "bcr"
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SIF Shareholders: We Are Disappointed By Erste’s Offer
09.20.2011
The shareholders of the five regional investment funds (SIF) say they are disappointed with the price offered by Austrian group Erste to take over 24.12% in BCR. They have yet to decide how they will more
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Erste, SIFs To Pay Rothschild EUR750,000 For Evaluation Services
09.16.2011
Rothschild investment bank will receive EUR750,000 for evaluation services during negotiations between Austria’s Erste Group and minority stockholders in its Romanian unit BCR. more
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BCR Employees Get Sweetened Exit Deal Because They Need Protection, Erste Says
09.16.2011
Romanian BCR’s employees are getting more for their shares in the bank compared with the SIF minority stockholders because they need “a certain level of protection” to liquidate their holdings, more
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Wimmer: BCR Highly Likely To Require A Future Capital Boost
09.16.2011
Austrian Erste Group Bank AG (EBS.RO) Friday said its Romanian unit BCR could very likely need a capital increase sometime in the future, as risk costs are bound to remain at high levels. more
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Erste Says Buyout Offer For 24% In BCR As Good As It Gets
09.16.2011
Austrian Erste Group Bank AG (EBS.RO) Friday said its buyout offer for 24% in Romanian BCR from four SIF minority shareholders expires once the last of the SIFs has held their meeting on the issue, more
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SIFs Get Much Less Than BCR Employees For Their Shares After Five Years Of Waiting
09.16.2011
Erste has finally persuaded four of the five regional investment funds (SIFs) to sell their stakes in BCR after more than one year of negotiations, but the Bucharest bourse loses one on the largest more
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Analysts Adjust 2012 GDP Forecasts Towards 2%-3%
09.16.2011
The National Forecast Commission (CNP) will most likely present the new forecasts for macroeconomic indicators next week, with data sent yesterday by the European Commission on Eurozone countries more
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BNR Board Member: Many Non-Performing Loans Could Be Revived If Banks Really Wanted To
09.16.2011
Foreign banks are suffocating companies and the government no longer has a powerful bank it can use to compensate business directions dictated by factors from abroad, says Nicolae Danila, former chief more
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SIFs To Get 44% Less For BCR's Shares Than Other Minority Holders
09.15.2011
Austrian Erste Group’s offer to four of the five SIF investment funds in Banca Comerciala Romana (BCR) for a 24.12% cumulated stake is 44% lower compared to the price proposed to the other minority more
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SIF Transilvania Calls Shareholders To Approve BCR Stake Sale
09.15.2011
The managing board of regional investment fund SIF Transilvania (SIF3.RO) called shareholders to meet on October 31 and approve the sale of a 6% stake in lender BCR, the fund said Thursday in a more
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Erste To Buy 24% In BCR From 4 SIFs For About EUR435M
09.14.2011
Austrian lender Erste Group Bank (EBS.RO) Wednesday said it will acquire 24.12% of its Romanian unit BCR for about EUR435 million in cash and stock, after reaching an agreement with four of the five more
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Erste Puts EUR600M In Cash And Shares On SIFs’ Table
09.14.2011
Erste could announce the offer for 30% in Romania’s largest lender BCR over the next few days. If the deal comes through, Romania will lose the unique opportunity of having its largest bank listed. more
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BCR Revises Romanian GDP Growth Forecast To 1.4% In 2011, 2.9% in 2012
09.10.2011
Romanian bank BCR has revised its economic growth forecast for this year and the next, downward to 1.4% and 2.9%, respectively, below government and IMF projections, because of the high risk of more
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Last Attempt By SIFs To Strike Deal With Erste On BCR Shares
09.09.2011
The five regional investment funds (SIFs) are increasingly pressured by the approaching deadline to decide on the fate of the 30.1% stake in Romania’s largest bank, BCR. The SIFs met with Erste more
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TMK Artrom To Contract Loans Worth A Total EUR55M
09.05.2011
Steel pipe maker TMK Artrom Slatina (ART.RO) will contract three loans worth a total EUR55 million, from UniCredit Tiriac Bank and Banca Comerciala Romana, to refinance other loans and secure working more
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BCR Cuts GDP Growth Projection For 2012 By 1% To 2.9%
08.29.2011
Banca Comerciala Romana (BCR), the largest bank on the local market, reduced its economic growth forecast for next year by one percentage point, from 3.9% to 2.9%, quoting the outlook of prolonged more
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SIFs At Each Other’s Throats Over BCR
08.29.2011
As the date agreed for the floatation of Banca Comerciala Romana (BCR), the largest domestic bank, is drawing near, the row among the regional investment funds (SIFs) is getting fiercer. more
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SIF Muntenia Stockholders Meet To Discuss BCR’s Listing
08.18.2011
Romanian regional fund SIF Muntenia (SIF4.RO) on Thursday called for a shareholder meeting September 21 to discuss the listing of the country’s largest bank BCR, in which is owns a minority stake. more
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BCR Asigurari Revenue Down 2.2% In 1H, To RON231.5M
08.18.2011
Romanian insurer BCR Asigurari underwrote premiums of 231.56 million lei (about EUR54 million) in the first half of the year, down 2.2% compared to the first half of 2010, the company said Thursday. more
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Top Ten Romanian Banks After 1H
08.18.2011
The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are seeing their more
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BCR Asigurari de Viata 1H Underwritten Premiums Up 8.5%, To RON167M
08.17.2011
Romanian life insurance company BCR Asigurari de Viata underwrote premiums of 167.02 million lei (about EUR39 million) in the first half of the year, up 8.5% compared to the first half of 2010, when more
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Wimmer, Erste: People Have Yet To See Benefits Of Economic Stabilization
08.16.2011
BCR (Banca Comerciala Romana) has put behind it the lowest point in terms of net interest income – a bank’s main source of profit, but recovery will be slow as long as sales of new retail loans more
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BCR: In 2009, Erste Share Price Fell To EUR7 And Had No Negative Impact On Us
08.12.2011
All mother groups of the Romanian top 10 banks have seen their share prices plummet over the past week, with lending institutions being indirectly hurt by the sovereign debt crisis. more
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BCR Banca pentru Locuinte 1H Profit Triples To RON3M
08.09.2011
BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, reported a profit of 3 million lei (EUR0.7 million) in the first half, over threefold higher on the year, the more
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BCR Sold RON600M Retail NPLs - CEO
08.05.2011
Romanian leading bank group Banca Comerciala Romana (BCR) has sold non-performing loans in the retail sector worth 600 million lei (some EUR140 million), recouping 12% of their value, chief executive more