03.06.2012

Andreas Treichl, the chief executive of Austria's Erste Group Bank (EBS.RO), says he is confident the finance and transport ministers in Romania's new government will show good performance. more

03.06.2012

Five years after Erste took control of Romania's largest bank, Andreas Treichl, the chief executive of the Austrian group, has high expectations from the new management team of BCR. more

03.06.2012

BCR, the largest Romanian bank, will have to resort more to the EUR3 billion external funding program it launched in 2009 because the core local business in Romania needs to be financed locally, says more

03.05.2012

The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group Bank more

03.01.2012

BCR is not an inefficient bank - it has not done badly under the circumstances - and once the economic situation improves, it will be a very profitable bank, says Andreas Treichl, CEO of Erste Group, more

02.29.2012

Austrian lender Erste Group Bank (EBS.RO) Wednesday announced a net profit after minorities worth EUR254.1 million for the fourth quarter of 2011, which cuts the net loss for the year after minorities more

02.29.2012

Austrian lender Erste Group Bank (EBS.RO) Wednesday announced it has made provisions for compensation pay in Hungary and Romania, which contributed to a 2.6% increase of staff expenditure, to EUR2.32 more

02.29.2012

Banca Comerciala Romana (BCR), the Romanian arm of Erste Group Bank (EBS.RO), Wednesday said its net profit fell 85% in 2011 to 70.9 million lei (EUR16.3 million), impacted by low income generation, more

02.17.2012

The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR118.6 more

02.10.2012

Erste Group and its local subsidiary, BCR, will continue to finance the Romanian economy, and will give priority to new leu-denominated loans, while keeping a conservative approach to foreign currency more

02.07.2012

Erste Group Bank (EBS.RO), majority shareholder of Romanian lender BCR, proposed a price of 1.09 lei (EUR0.25) per share to minority holders, in a bid to take over a total 0.36% stake in the local more

02.06.2012

Romanian government’s resignation shouldn’t drive borrowing costs higher, as long as the country remains committed to its economic and fiscal adjustment program agreed with foreign lenders, an more

02.03.2012

Romanian regional investment fund SIF Muntenia (SIF4.RO) Friday said it will transfer 190.23 million shares of its remaining stake in Banca Comerciala Romana (BCR) to Erste Group Bank (EBS.RO) in more

01.30.2012

The Romanian central bank (BNR) will cut its key interest rate by a further quarter of a percentage point at Thursday’s monetary policy meeting, considering that the Romanian economy needs more

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

01.25.2012

Romanian open-end fund administrator Erste Asset Management, a unit of Austria’s Erste Group Bank (EBS.RO), Wednesday said its net profit more than halved to around EUR300,000 – EUR400,000 in 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

01.17.2012

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

01.12.2012

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