01.12.2012

Austrian lender Erste has recruited Sergiu Manea for a newly created position of executive vice-president for investment banking at Romanian BCR, and the appointment is awaiting the central bank’s more

01.10.2012

Austria’s Erste Group Bank Tuesday cut by 29% to 0.51 lei (EUR0.117) a share its 12-month target price on Romanian investment fund Fondul Proprietatea (FP.RO), while keeping its recommendation more

01.10.2012

Dominic Bruynseels, who has been running BCR since the summer of 2008, should leave his position with the largest bank on the Romanian market owned by Austria’s Erste by the end of the first more

01.05.2012

Erste Group analysts expect the main index of the Bucharest stock exchange to rise 17% this year, the third-best performance in the region after the Istanbul and Prague bourses, as investor risk more

12.19.2011

Austrian Erste Group Bank (EBS.RO) on Monday announced it has taken over another 6% in Romanian lender BCR, following deals struck with the five regional investment funds, or SIFs, widening its more

12.16.2011

The transactions whereby Austrian Erste Group Bank (EBD.RO) bought the BCR stakes owned by the five Romanian regional investment funds, or SIFs, brought an increase in the assets and profits of the more

12.15.2011

Regional investment fund SIF Moldova (SIF2.RO) received a 1% stake in Erste Group Bank (EBS.RO) in exchange for a 4.74% stake in BCR, thus becoming the second SIF to leave the Romanian bank's more

12.15.2011

BCR board member and retail vice-president Oana Petrescu decided to step down from this position starting March 31, 2012, and she will be replaced with Martin Skopek, management board member for more

12.12.2011

Regional investment fund SIF Moldova (SIF2.RO) will transfer its remaining 4.74% stake in BCR to Austrian group Erste, receiving a 1% Erste stake in exchange. more

12.12.2011

The austerity measures taken in Romania were "brutal", unthinkable in a Western country such as Germany or France, but people in the East "have learned to live with brutality", according to Andreas more

12.12.2011

Regional investment fund SIF Transilvania (SIF3.RO) transferred the entire 6% stake it held in Romanian lender BCR to Austria's Erste Group Bank (EBS.RO), and received a 1% stake in the Austrian bank, more

12.07.2011

A company owned by businessman Emanuel Muntmark, Ewind Constanta, took out a EUR68 million loan from Erste Bank, to fund the construction of a wind farm in southeast Romania, people close to the more

12.06.2011

Romania is a key market for Raiffeisen and the Austrian group has no intention of abandoning its local businesses, since this is a strategic, long-term investment, which remains profitable despite the more

12.05.2011

Regional investment fund SIF Muntenia (SIF4.RO) collected 70.1 million lei (EUR16.1 million) from Austrian Erste, representing the cash component delivered this year in the deal whereby the SIF sells more

12.05.2011

Regional investment fund SIF Moldova (SIF2.RO) collected 123.6 million lei (EUR28.39 million) from Austrian Erste for the 6% stake it held in lender BCR. more

12.05.2011

Romanian oil and gas company OMV Petrom (SNP.RO) and dairy maker Albalact (ALBZ.RO) have the greatest potential for growth on the Bucharest bourse over the next 12 months, according to a report issued more

12.01.2011

Werner Weihs-Raabl, head of group infrastructure finance and group public sector with Austria’s Erste, which owns the largest local bank, BCR, says Romania is the most important market now. more

11.30.2011

Romanian regional investment fund SIF Moldova (SIF2.RO) has concluded a binding agreement to sell the 6% it owns in lender Banca Comerciala Romana (BCR) to Erste Group Bank (EBS.RO), the latter more

11.28.2011

Austrian Erste Bank plans to become a major lender in eastern Europe and doesn’t consider selling its assets in the region, Chief Executive Officer Andreas Treichl said. more

11.28.2011

Romanian President had a “very understandable” reaction to Austrian central bank’s recommendation that lenders should limit further financing to their subsidiaries in eastern Europe, said more

11.28.2011

Shareholders of regional investment fund SIF Moldova (SIF2.RO) on Monday agreed to sell the fund’s 6% stake in lender BCR to Erste Group Bank (EBS.RO), the fund said in a statement Monday. more

11.28.2011

Andreas Treichl, the man who has been at the helm of Austria's Erste Group Bank (EBS.RO) since 1997, could be confirmed for another term as chief executive officer as early as next month, as his more

11.23.2011

Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Wednesday sold a 2.63% stake in lender Banca Comerciala Romana (BCR) to Austrian Erste Group AG for 50.72 million lei (EUR11.6 million) more

11.23.2011

Risk premiums in the region have jumped again, local financial markets have contracted and a wave of catastrophic predictions about euro zone banks cutting their financing shook Central and Eastern more

11.15.2011

Regional investment fund SIF Transilvania (SIF3.RO) on Monday signed a deal to sell to Austrian Erste Group Bank (EBS.RO) the 6% stake it owns in lender Banca Comerciala Romana, or BCR, under terms more