12.24.2015

BCR, the largest local bank, has sold a set of non-performing corporate loans with a face value of EUR1.2 billion to a consortium comprised of Deutsche Bank, IFC and APS. This is the largest NPL deal more

12.18.2015

Insurer BCR Asigurari de Viata Vienna Insurance Group (VIG) doubled the volume of underwritten gross premiums in the first nine months, to RON186 million, and registered a 9% higher profit, of RON18.8 more

11.06.2015

Romania's largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Friday reported a net profit of 904.3 million lei (EUR203.6 million) in January-September, from a loss of RON2.42 billion more

10.07.2015

BCR Leasing, a top ten company on the financial leasing market, will vote in stockholders’ meeting November 4 on whether to reduce the company’s share capital through diminishing the face value of more

08.31.2015

The Supervisory Board of Romanian lender BCR has appointed the Vice-President for Corporate Banking and Capital Markets, Sergiu Manea, as Chief Executive Officer, replacing Tomas Spurny who will be more

08.07.2015

Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO), posted a net profit of RON603.4 million (EUR135.7 million) in the first half of the year, from a loss of RON276 million more

06.03.2015

BCR needs to ‘structurally’ improve its relationship with the corporate customers and to do so it will completely reassess the lending products and processes on this segment, says Andreas Treichl, more

05.28.2015

Romanian lender Banca Comerciala Romana (BCR) will provide cash management and trade finance services to oil and gas company OMV Petrom (SNP.RO) starting this year, the lender said in a statement more

05.19.2015

BCR and IFC, a member of the World Bank Group, have teamed up to expand the availability of trade finance for importers and exporters in Romania to help spur economic growth and create jobs, the two more

05.18.2015

BCR Leasing posted a net profit of RON6.3 million in the first quarter, from RON700,000 in the same period last year, and sales rose 66%, company general manager Bogdan Speteanu said Monday. more

05.15.2015

BCR has put up for sale the largest set of non-performing loans in Romania’s history, worth about EUR3.6 billion in lei equivalent, much higher than initially discussed. The move shows Romania’s more

05.11.2015

One in five clients of Romania’s largest lender BCR who took real estate loans opted for top floor apartments, due to attractive offers in new residential projects, and the advantageous structure more

05.07.2015

Romania’s largest lender BCR, a unit of Austria’s Erste Group Bank (EBS.RO), switched to profit in the first quarter of 2015 after a record loss last year caused by huge provisions for more

04.15.2015

BCR and BRD, the top two banks in Romania by asset size, have granted over 55% of the 130,000 loans approved since the launch of the First Home scheme, in 2009. more

04.07.2015

Romanian mortgage lender BCR Banca pentru Locuinte (BCR BpL) registered last year a 27% advance in savings deposits to over RON2.5 billion and a 33% increase in its loan portfolio to nearly RON152 more

04.07.2015

BCR Leasing, a top ten player on Romania’s leasing market, forecasts a 50% increase in the volume of granted financing this year, from almost EUR71 million (RON315 million) in 2014, according to a more

04.02.2015

BCR, the largest bank in Romania, is getting ready to sell non-performing loans of EUR1 billion to EUR1.5 billion, the highest amount so far, a move that is bound to draw a lot of attention. more

03.20.2015

Brick manufacturer Cemacon has signed a n agreement with lender BCR to restructure a EUR33 million loan, the company announced Friday. more

03.19.2015

BCR has revised upwards its growth forecast for Romania’s gross domestic product to 2.8% in 2015, and 3% next year, supported by domestic consumption amid a low inflation environment. more

03.06.2015

One in three companies is run by women who own 35% of small- and medium-sized enterprises (SMEs) in Romania, according to data provided by Banca Comerciala Romana. more

03.03.2015

Lender BCR was the sole bidder on a contract estimated at RON1.82 million to provide subway operator Metrorex with banking services allowing card payment for subway passes. more

03.02.2015

Romania's energy sector could be strengthened through mergers and acquisitions around large power producers and state companies must prove new units are necessary before they start building them, said more

02.27.2015

Romania’s largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), went back into red last year after it took a significant charge for non-performing loans. more

02.24.2015

Pension fund BCR Pensii plans to switch to profit in 2015, after posting losses every year since it was established, in 2007, general manager Lucian Anghel said Tuesday. more

02.24.2015

Pension fund BCR Pensii reported net assets worth 1.3 billion lei (EUR292 million) in 2014 on mandatory (Pillar II) and voluntary (Pillar III) private pension segments, up 41% on the year, and more