BCR
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Erste Writes Down Goodwill In Romania, Elsewhere; Sees EUR450M Profit In 2012
Austria's Erste Group Bank AG (EBS.RO) said Tuesday it has written down EUR300 million mainly on goodwill associated with its Romanian unit BCR due to higher market risk premiums resulting i...
Erste Willing To Finance Large Romanian Infrastructure Projects
In the seven years since taking over lender Banca Comerciala Romana (BCR), Austria’s Erste has gained a lot of experience, but the bank it now controls is far from the plan it dreamed up in...
SIF Oltenia Declines To Participate In BCR’s Capital Boost
Romanian regional investment fund SIF Oltenia (SIF5.RO) has decided not to contribute to a 501 million lei (EUR110 million) capital increase at lender Banca Comerciala Romana, or BCR, the fu...
BCR Plans To Fire 1,600 Staff Amid Restructuring
Romania’s leading bank group Banca Comerciala Romana (BCR) will lay off 1,600 employees over the next 12 to 18 months and will close over 60 local units, as part of a larger cost-cutting str...
BCR Suspends Foreclosure Auction On Shopping Center Cocor
Romanian lender Banca Comerciala Romana (BCR) has approved the suspension of foreclosure procedures targeting Bucharest shopping center Cocor, the owner of the mall said in a statement Thurs...
BCR OKs EUR110M Share Capital Hike - Sources
The stockholders of Romanian leading bank group Banca Comerciala Romana (BCR) decided Monday to increase the bank’s share capital by 501 million lei (EUR110 million) and to amend its constit...
BCR, BRD Eye Rapid Amendment Of Mortgage Bonds Law
Romania’s lender BCR and BRD consider necessary the immediate amendment of the legislation regarding the covered bonds, which will ensure the banks the required liquidity to finance medium a...
BCR Fails To Auction Off Shopping Center Cocor
Romanian lender Banca Comerciala Romana (BCR) has recently failed to sell Bucharest shopping center Cocor, as no bidder was present at the auction.
Fitch Affirms Romania's BCR And BRD At 'BBB+', Garanti Bank At 'BB+'
Fitch Ratings Wednesday affirmed its long-term issuer default ratings on Romanian banks Banca Comerciala Romana and BRD-Groupe Societe Generale at ‘BBB+’ and on Garanti Bank Romania at ‘BB+’...