BCR
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BCR Gets EUR50M From EIB To Finance SMEs
The European Investment Bank extended a EUR50 million credit line to Romanian bank BCR for on-lending to small and medium-sized enterprises, midcap companies and public entities in Romania.
BCR Creates Stand-Alone Unit To Deal With EUR3.2bn In Sour Loans
Romania’s largest bank BCR will have a debt collection unit, staffed by 500 people, operate as standalone company.
Erste Expects BCR To Return To Profit In 2013
Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk...
BCR Swings To Net Loss Of RON1.2B in 2012
Romania’s leading bank BCR, a unit of Austria’s Erste Group Bank (EBS.RO), Thursday reported a net loss of 1.2 billion lei (EUR277 million), as higher risk costs negated an otherwise good op...
Former SocGen Deputy CEO Tasked With Turning BCR Around
Philippe Citerne, former deputy chief executive officer of Societe Generale, and the experts of US management consulting firm Bain&Co, once run by US presidential candidate Mitt Romney have...
BCR Sees Romania 2012 Budget Gap At 3.3% Of GDP, Above EU Requirement
Romania’s consolidated general budget posted a deficit in ESA95 terms of 3.3% of the gross domestic product in 2012, above the 3% of GDP limit agreed with the European Commission, according...
BCR: Romania 2013 GDP Growth Forecast Unchanged At 1.1%
Romanian leading bank BCR Thursday maintained its forecast on the country’s economic growth unchanged at 1.1% in 2013, but said that a better-than-expected harvest and good retail and servic...
BCR Sees RON238M Net Profit In 2013
Romanian leading bank BCR, a unit of Austria’s Erste Group Bank AG (EBS.RO), estimates a pretax profit of 250 million lei (EUR57.5 million) for the full-year 2013, according to the lender’s...
Treichl, Erste Head: BCR Will Have Profit Target In 2013
The budget of Romania’s largest bank BCR in 2013, which is set to be approved by the General Shareholders’ Meeting on January 23rd, provides for a profit at the end of the year, although the...