03.19.2015

BCR has revised upwards its growth forecast for Romania’s gross domestic product to 2.8% in 2015, and 3% next year, supported by domestic consumption amid a low inflation environment. more

03.06.2015

One in three companies is run by women who own 35% of small- and medium-sized enterprises (SMEs) in Romania, according to data provided by Banca Comerciala Romana. more

03.03.2015

Lender BCR was the sole bidder on a contract estimated at RON1.82 million to provide subway operator Metrorex with banking services allowing card payment for subway passes. more

03.02.2015

Romania's energy sector could be strengthened through mergers and acquisitions around large power producers and state companies must prove new units are necessary before they start building them, said more

02.27.2015

Romania’s largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), went back into red last year after it took a significant charge for non-performing loans. more

02.24.2015

Pension fund BCR Pensii plans to switch to profit in 2015, after posting losses every year since it was established, in 2007, general manager Lucian Anghel said Tuesday. more

02.24.2015

Pension fund BCR Pensii reported net assets worth 1.3 billion lei (EUR292 million) in 2014 on mandatory (Pillar II) and voluntary (Pillar III) private pension segments, up 41% on the year, and more

02.24.2015

Bankrupt residential compound American Village in northern Bucharest, developed by Mainrom Invest, was put up for sale at a starting price of EUR9.3 million, representing 35% of the debts to lender more

02.16.2015

BCR, Romania's largest bank by assets, has been assigned a guarantee cap of RON490 million for the First Home program and estimates it will grant over 7,500 mortgage loans under the program, the bank more

01.20.2015

BCR analysts do not rule out other tax hikes in Romania this year, except for the income tax, and remain skeptical about future budget execution and the country’s ability to meet the structural more

12.18.2014

Deutsche Bank has bought from BCR a new set of non-performing loans with a face value of EUR443 million for which it paid about EUR28 million, market sources said. BCR did not comment on the more

12.03.2014

Florin Pogonaru has resigned from the position of member of the supervisory board of Romanian lender Banca Comerciala Romana (BCR) to avoid a conflict of interests as one of his firms and an more

12.03.2014

Insurer BCR Asigurari de Viata posted a net profit of RON17.3 million in January-September, from losses in the same period last year, after cutting administrative costs by 40% and changing the more

11.24.2014

Three years from the exit from BCR, the largest local bank, SIF Moldova (SIF2.RO) gained the most of all the four regional investment funds (SIF) that sold their stakes in the bank, getting about 640 more

11.12.2014

Romanian lender Banca Comerciala Romana (BCR) received additional guarantees for First Home mortgage lending program worth 138 million lei (EUR33.40 million), the bank said Wednesday. more

11.06.2014

Fitch Ratings on Thursday affirmed BRD-Groupe Societe Generale and Banca Comerciala Romana long-term issuer default ratings at 'BBB+' and Garanti Bank long-term issuer default rating at 'BB+', the more

11.05.2014

BCR Leasing financed assets of around EUR61 million in January-September, up 95% on the year, fueled by the auto segment, especially heavy commercial vehicles, where financing tripled. more

11.03.2014

Romania’s leu might fall above 4.5-4.6 units against the euro next year, on the backdrop of political tensions related to a readjustment of political powers in the Parliament after the presidential more

11.03.2014

BCR Banca pentru Locuinte, the housing finance unit of Romania’s largest bank BCR, on Monday said it concluded contracts of RON2.16 billion in January-September 2014, up 57% from RON1.37 billion in more

10.30.2014

Romania’s largest bank BCR Thursday reported a massive net loss for the first nine months due to a significant rise in provisioning costs on the back of an accelerated balance sheet clean-up more

10.27.2014

Romania’s largest lender Banca Comerciala Romana, or BCR, revised downwards its forecast on Romania’s economic growth to 1.8% in 2014 and 3% in 2015, due to the very low public investments and more

10.27.2014

Greek businessman Ioannis Papalekas borrowed around EUR30 million from BCR to refinance office building Tower Center International (TCI), which hosts the headquarters of Hidroelectrica and the more

10.24.2014

BCR and UniCredit Tiriac, two large banks in Romania, granted funding worth EUR75 million to Romanian fertilizer producer Azomures. The company will use the money to upgrade its two ammonia plants. more

10.23.2014

Romanian lender BCR has hired consultancy and audit firm PwC to sell non-performing loans totaling EUR433 million it granted to 91 corporations, according to CoStar Finance. more

10.09.2014

Romanian lender Banca Comerciala Romana (BCR) already used the additional guarantees obtained for First Home mortgage lending program following the reassignment of government funding, after the bank more