01.27.2012

After several months of rumors and speculations, Austria’s Erste Group is ready to publicly announce all the changes it decided to make to the management of its Romanian unit BCR, the largest bank more

01.26.2012

Romanian leading bank Banca Comerciala Romana (BCR) estimates provisions for potential bad loans will rise 35% to 5.32 billion lei (EUR1.22 billion) in 2012, according to the lender’s revenue and more

01.24.2012

Romanian lender BCR Banca pentru Locuinte (BCR BpL) had more than 250,000 clients at the end of 2011, cumulating deposits of over 800 million lei (some EUR185 million), up 85% on the year, the bank more

01.24.2012

After more than five years as executive vice-president at BCR, the largest Romanian bank, Oana Petrescu says that her training as a consultant influenced her management style and once the major more

01.18.2012

The largest merger on the Romanian insurance market is only halfway to completion, but the outlines of the new company resulting from the consolidation of Omniasig and BCR Asigurari’s business are more

01.17.2012

Tomas Spurny, Chief Executive Officer of Hungary’s CIB Bank and former head of the PPF investment fund, will replace Dominic Bruynseels as president of Romanian lender BCR, a unit of Austria’s more

01.17.2012

Romanian regional investment fund SIF Oltenia (SIF5.RO), the only one of the five SIFs which has yet to sign the contract to sell its shares in BCR to Austria’s Erste Group Bank (EBS.RO), says there more

01.13.2012

Romania’s largest lender by assets Banca Comerciala Romana (BCR), a unit of Austrian Erste Group Bank AG, estimates a pretax profit of 516 million lei (EUR120 million) in 2012, people in the banking more

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

01.12.2012

BCR, the largest bank on the market, raised its interest rate margin by over one percent on euro-denominated mortgage loans, to 5.95% above six-month Euribor, and by half a percent for leu-denominated 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

12.27.2011

2011 is ending with several announcements regarding the top management teams of the top two Romanian banks – BCR and BRD, as well as with rumors and speculations concerning prospective new moves on more

12.19.2011

Romanian insurer BCR Asigurari will lower its share capital by 80.2 million (EUR18.5 million), to RON43.19 million, to cover losses posted before the merger with Omniasig Vienna Insurance Group, and 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

12.19.2011

Regional investment fund SIF Oltenia (SIF5.RO), the only SIF not to sell its BCR stake to Austrian Erste, contributed 37.1 million lei (EUR8.54 million) to a share capital increase at the Romanian more

12.16.2011

Three years have passed since we entered the financial crisis. Since then bank managements have been fretting over how to ensure their banks have sufficient capital and liquidity, how to keep 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

12.13.2011

More than half the non-performing loans accumulated by BCR were generated during the 2006 - 2007 transitional period and before Erste took over the bank after it won the privatization process in 2006, 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

Romania’s largest lender Banca Comerciala Romana (BCR) has a big opportunity in terms of repricing and competitiveness, as its main rivals are undergoing a series of management or structural more

12.12.2011

Buying Romania’s bank Banca Comerciala Romana (BCR) has proved to be a very “expensive venture” for Erste Bank, as the global financial and economic crisis severely impacted the region, said more

12.12.2011

Some 10% to 15% of the non-performing loans of Romanian bank Banca Comerciala Romana (BCR) are due to frauds committed by dishonest employees and by outside persons, Chief Risk Officer Michael Beitz 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

12.05.2011

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