BCR
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BCR Fired 1,200 Staff In Restructuring Program This Year
Romania’s leading bank group Banca Comerciala Romana, or BCR, has laid off 1,200 staff this year under a larger restructuring program announced in late 2012, a senior official of the bank sa...
Erste Writes Down EUR350M Goodwill, Particularly In Romania
Austria's Erste Group Bank AG (EBS.RO) said Tuesday it has written down EUR350 million mainly on goodwill associated with its Romanian unit BCR due to higher capital requirements applied in...
Radu Craciun To Take Over As BCR’s Chief Economist As Of February 2014
Radu Craciun will take over the position of research manager and chief economist at Banca Comerciala Romana (BCR), Romania’s largest lender by assets, starting February 2014.
Romgaz IPO Propels BCR As Top Broker In Bucharest In November
Romanian lender Banca Comerciala Romana (BCR) led the Bucharest bourse’s brokers chart in November, outranking Swiss Capital, which kept the top brokerage position in the past three months.
BCR's Spurny: Government Should Take Steps To Boost Growth At 5% Or Lose Voter Support
Romania has a low indebtedness level and a high potential for economic growth and any government that cannot create conditions for a growth rate of at least 5% a year should not benefit from...
BCR, BRD Cut Exposure To Romania By Over RON8B In Past Year
BCR and BRD, Romania’s top two lenders, continued the deleveraging process in the third quarter of the year. The fact that market leaders are narrowing their exposure to the corporate sector...
Fitch Affirms Romania's BCR And BRD At 'BBB+', Garanti Bank At 'BBB-'
Fitch Ratings Wednesday affirmed its long-term issuer default ratings on Romanian banks Banca Comerciala Romana (BCR) and BRD-Groupe Societe Generale at ‘BBB+’ and on Garanti Bank Romania at...
Cemacon, BCR Reach Agreement In Principle On Debt Restructuring
Romanian brick maker Cemacon (CEON.RO) on Tuesday said it has reached an agreement in principle with its main creditor, Banca Comerciala Romana (BCR), to restructure a EUR26.1 million loan p...
BCR 9-Month Net Profit At RON559.8M Vs Loss A Year Ago
Romania’s largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Wednesday reported a net profit of 559.8 million (EUR126.9 million) for the first nine months, compared with a loss...