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Erste To Write Down EUR210M Goodwill On Romanian BCR Unit
Austria's Erste Group Bank AG (EBS.RO) said Tuesday it will write down EUR210 million in goodwill on its Romanian unit BCR because of the latter’s disappointing first-half result.
BCR Switches To RON546M Loss In 1H As Provisions Rise
Romanian leading bank group Banca Comerciala Romana (BCR) Tuesday said it has switched to a loss of 546.4 million lei (EUR120 million) in the first half from profit a year earlier, hit by hi...
Espe Energia Gets EUR17M Loan From BCR To Build Micro Hydro In N Romania
Romanian bank Banca Comerciala Romana, or BCR, granted a EUR17 million loan to company Espe Energia SRL to construct a micro hydropower facility in Maramures county, northern Romania.
Six BCR Executives Were Paid EUR1.8M Last Year
Six members of the executive team of BCR, the largest bank on the market, received overall compensation of over EUR1.8 million in 2011 as salary before tax, while the performance bonus was z...
How The Largest Mutual Fund In Romania Was Created
The creation of the largest mutual fund in Romania started in Brussels, at the European Commission to be precise, which decided to change the rules for the operation of money-market funds to...
How Cocor Went From Making Profit To Falling Behind With Its Loans
Four years ago, when the old Cocor store closed for an extensive upgrade program, it was over 90% rented and the average rent stood at EUR47 per square meter. Cocor Bucuresti (COCR.RO), whic...
Listing Romgaz On Foreign Market Possible, Says Broker
Romanian natural gas producer Romgaz could be floated simultaneously in Bucharest and on a foreign exchange, but such a decision requires serious consideration, one of the brokers running th...
Cocor On The Verge Of Foreclosure By BCR
Cocor Bucuresti (COCR.RO), owner of the eponymous shopping center in downtown Bucharest, might be foreclosed on by BCR, according to a report sent to the Bucharest Stock Exchange on Monday.
Former BCR VP Oana Petrescu Becomes Advisory Partner At Deloitte
Oana Petrescu, former retail vice-president at lender BCR, joined consultancy firm Deloitte. She is now in charge of consulting for strategy and operations, human capital, technology and fin...