BCR
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BCR Ups Romania 2013 GDP Forecast To 1.8%
Romania’s largest bank BCR Wednesday revised upward its forecast on the country’s economic growth to 1.8% in 2013, from 1.1% previously, saying it expects higher contribution from agricultur...
BCR 1Q Loss Narrows To RON12.1M Vs RON307.8M
Romania’s largest bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Monday reported a net loss of 12.1 million lei (EUR2.8 million) for the first quarter, compared with RON307.8 milli...
BCR: 18% Of Clients Save Money In One-Year Deposits
Romania’s largest lender Banca Comerciala Romana (BCR) said Thursday 18% of its clients have deposit terms of one year or more, from 15% a year ago.
Erste Group Expects Romanian Unit To Make Profit In 2013
Austrian Erste Group Bank (EBS.RO) will likely make a profit in Romania this year as restructuring progress at its subsidiary is in line with expectations, the bank’s chief Andreas Treichl s...
BCR Denies Interest In Acquiring Bank of Cyprus Romania
Romania’s largest bank Banca Comerciala Romana, or BCR, said it has no interest in acquiring the local unit of Bank of Cyprus, dismissing market rumors on a possible deal.
BCR’s Manager Pay Costs Doubled To RON20M In 2012
Romania’s leading bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), spent 20 million lei (EUR4.5 million) last year on its managers’ pay, double on the year.
BCR: Romanians' Financial Assets 13 Times Lower Than Germans'
The financial assets of a Romanian, which are generally illiquid assets, are 13 times lower than a German’s, which raises serious questions regarding the financial resources Romanians will e...
Erste Launches Buyout Offer For 0.13% In BCR
Austria’s Erste Group Bank AG (EBS.RO) Monday launched a buyout offer for a stake of 0.132% in Romanian lender BCR, which could bring its total holding in the local bank to 93.7%.
BCR Restructuring To Take 18 Months And Cost RON118M
A bank like BCR, which has 10% of the national branch network, 20% of the assets, loans or deposits and 15% of the employees in the entire system, cannot be that hard to turn around. It only...