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

08.08.2013

Austria’s Erste Group Bank AG (EBS.RO) Thursday said it has repaid EUR1.76 billion in aid received during the global economic and financial crisis. more

07.30.2013

Erste Group Bank’s (EBS.RO) outgoing Chief Financial Officer Manfred Wimmer will take over as Chairman of the Supervisory Board of the bank’s Romanian unit BCR as of September 1, Erste chief more

07.30.2013

Austria's Erste Group Bank AG (EBS.RO) Tuesday said its first-half net profit dropped 33% on year to EUR301.2 million, largely due to one-time charges and lower interest income. more

07.05.2013

Securing a new agreement with the International Monetary Fund would be a good move for Romania, considering the country’s financial needs in 2013-2014, according to a report from Austrian Erste more

07.03.2013

A good farming output could boost economic growth to 2.2% in Romania this year, Austrian Austrian Erste Group Bank AG said in a report Wednesday. more

07.02.2013

Austrian Erste Group Bank AG (EBS.RO) has successfully concluded a EUR660.6 million accelerated bookbuild offering, the bank said in a statement Tuesday. more

06.24.2013

Austria’s Erste Group Bank (EBS.RO) will increase its share capital by about EUR660 million to fully redeem participation capital of EUR1.76 billion, the lender said in a statement Monday. more

06.20.2013

Gernot Mittendorfer will take over as Chief Financial Officer of Erste Group Bank starting September 1, 2013 when the group’s current CFO Manfred Wimmer will retire, Erste Group, which controls more

05.22.2013

Andreas Treichl, CEO of Erste Bank, says he is against giving up the name of a bank that includes the name of the country where it operates, so the BCR brand (Romanian Commercial Bank) will be kept as more

04.30.2013

Austrian Erste Group Bank AG (EBS.RO) Tuesday said it has completed the sale of its Ukrainian subsidiary to the owners of Fidobank, a group of companies ultimately controlled by Ukrainian banker more

04.29.2013

Austria's Erste Group Bank AG (EBS.RO) Monday said it registered net profit of EUR176.2 million in the first quarter of 2013, down from EUR346 million in the similar interval a year ago, despite a more

04.29.2013

Romania’s largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Monday reported a net loss of 12.1 million lei (EUR2.8 million) for the first quarter, compared with RON307.8 million in more

04.09.2013

Austria’s lender Erste Group Bank AG (EBS.RO) Tuesday maintained its forecast on the Romanian economic growth unchanged at 1.1% in 2013, saying possible falling exports to foreign markets, and Italy more

04.09.2013

Austrian Erste Group Bank (EBS.RO) will likely make a profit in Romania this year as restructuring progress at its subsidiary is in line with expectations, the bank’s chief Andreas Treichl said. more