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

03.21.2013

Erste Asset Management, Romania’s largest fund administrator, estimates its assets will exceed EUR1 billion by the end of June, general manager Dragos Neacsu said Thursday. more

03.11.2013

Austria’s Erste Group Bank AG (EBS.RO) Monday launched a buyout offer for a stake of 0.132% in Romanian lender BCR, which could bring its total holding in the local bank to 93.7%. more

02.28.2013

Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk costs, more

02.28.2013

Austria’s Erste Group Bank (EBS.RO) Thursday reported a net profit after minorities of 483.5 million euro in 2012, versus a loss of EUR718.9 million in the previous year, as the group’s risk costs more

02.20.2013

Romania needs a “critical mass of engineers”, an economic-oriented educational system and more success stories like Dacia to catch up with its neighbors and converge to the EU economy, Erste more

02.20.2013

Dragos Neacsu, CEO of Erste Asset Management, the largest asset manager on the local market, warns over the shortage of corporate bond offers on the Romanian market, saying he finds it difficult to more

01.15.2013

Austria's Erste Group Bank AG (EBS.RO) said Tuesday it has written down EUR300 million mainly on goodwill associated with its Romanian unit BCR due to higher market risk premiums resulting in rising more

01.08.2013

Erste Group analysts see the Bucharest Stock Exchange having a rather good year in 2013. They expect growth of 10% to 15%, below the potential of the local stock market because of the low liquidity more

01.07.2013

What might be a real threat to Romania’s political stability in the next four years is a possible conflict between social democrats and liberals, who make up the ruling Social Liberal Union, and not more

01.06.2013

In the seven years since taking over lender Banca Comerciala Romana (BCR), Austria’s Erste has gained a lot of experience, but the bank it now controls is far from the plan it dreamed up in 2005. more

12.10.2012

The Romanian leu could weaken beyond the 4.6-unit threshold against the euro if a government is not formed soon, Austria’s Erste Group Bank AG said in a report Monday. more

11.28.2012

Romania’s financing needs for 2013 are estimated to stagnate at around 70 billion lei (EUR15.5 billion), equal to 11% of the gross domestic product, Austrian Erste Group Bank AG said in a report more