10.30.2014

Austria’s Erste Group Bank (EBS.RO) Thursday reported a net loss of almost 1.5 billion euros for the first nine months of the year, mainly due to write-downs at its Romanian and Hungarian units. more

10.02.2014

Romania’s gross financing needs will fall towards 50 billion lei (EUR11.3 billion) next year, and almost a quarter of the total could be drawn from international markets, according to Erste more

09.16.2014

Fondul Proprietatea (FP.RO) has chosen US’ Goldman Sachs and Austria’s Erste Bank to help it find buyers for a significant OMV Petrom (SNP.RO) stake, market sources say. more

09.10.2014

Romania’s central bank may cut its monetary policy rate by 0.25 percentage points to 3% in a Board meeting scheduled for September 30, because the slowdown in Romania’s inflation rate in August more

07.31.2014

Austria’s Erste Group Bank (EBS.RO) Thursday reported a record loss for the first year-half, mainly due to higher provisions in Hungary and Romania and a low-interest environment in the markets more

07.04.2014

Erste Group Bank (EBS.RO) traded down more than 13% in Bucharest Friday morning, after the Austrian banking group issued a profit warning yesterday. more

05.19.2014

Romania’s target date to join the euro area in 2019 seems rather ambitious considering that the country is still far from meeting the real convergence criteria and, Austrian bank Erste said in a more

05.13.2014

Erste Asset Management, the biggest mutual fund manager in Romania, wants to raise EUR100 million with six new funds destined to investors seeking alternatives to the falling interest rates of banking more

04.30.2014

Austria’s Erste Group Bank (EBS.RO) Wednesday said its net profit fell to 103.3 million euros in the first quarter, from EUR176.6 million in the same period of 2013. more

04.16.2014

Romania’s economy will likely exceed its 2008 level for the first time this year, fueled by domestic demand and strong industrial output, according to estimates from Austrian lender Erste Group Bank 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

Erste Group Bank (EBS.RO) Friday reported a net profit of 61 million euro for 2013, eight times lower than EUR483.5 million in the previous year due to one-off expenses and negative tax effects. more

02.26.2014

The rupture of the Romanian ruling coalition was inevitable and should have limited impacts on the financial markets, Austria’s Erste Group Bank AG said Wednesday. more

02.14.2014

Romania’s strong economic performance in 2013 reflects excellent contributions from agriculture and exports, but domestic consumption remains subdued, a note from Austrian Erste Group Bank AG showed 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

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

01.15.2014

Six managers made the rules on the mutual fund market in 2013, raising 3.5 billion lei (EUR775 million) from investors. In 2014, the declining interests may bring another RON4 billion in net 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

12.12.2013

Romania’s financing needs for 2014 are estimated at 65 billion lei (EUR14.6 billion), equal to 9.8% of the gross domestic product, Austrian Erste Group Bank AG said in a report Thursday. more

12.05.2013

Growth perspectives for the shares of Romania’s largest oil and gas producer OMV Petrom (SNP.RO) are limited because investment fund Fondul Proprietatea and the Romanian state, the company’s two more

11.06.2013

Romanians saved on average EUR40 a month in the last year, but only three out of five savers use a financial product when putting aside money, a survey from Austria’s Erste Group showed Wednesday. more

10.30.2013

Austria's Erste Group Bank AG (EBS.RO) Wednesday said its net profit fell 28% to EUR430.3 million in the first nine months of 2013, from EUR597.3 million in the similar interval a year ago when it more

08.13.2013

Romanian bottled water wholesaler La Fantana will use the EUR34 million it recently borrowed from Erste Group Bank (EBS.RO) to finance current debts, pay out dividends to shareholders and for more

08.09.2013

Four of the top-traded issuers on the Bucharest stock exchange in August gained over 10% compared with the end of July in only six sessions. The increases offered investors great gain opportunities. more