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SIFs At Each Other’s Throats Over BCR
Banks-Insurance

SIFs At Each Other’s Throats Over BCR

As the date agreed for the floatation of Banca Comerciala Romana (BCR), the largest domestic bank, is drawing near, the row among the regional investment funds (SIFs) is getting fiercer.

Andrei Chirileasa · 29.08.2011 · 00:00 · 1 min
Top Ten Romanian Banks After 1H
Banks-Insurance

Top Ten Romanian Banks After 1H

The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are see...

Cristian Hostiuc · 18.08.2011 · 00:00 · 2 min
Wimmer, Erste: People Have Yet To See Benefits Of Economic Stabilization
Banks-Insurance

Wimmer, Erste: People Have Yet To See Benefits Of Economic Stabilization

BCR (Banca Comerciala Romana) has put behind it the lowest point in terms of net interest income – a bank’s main source of profit, but recovery will be slow as long as sales of new retail lo...

Oana Gavrila · 16.08.2011 · 00:00 · 4 min
BCR: In 2009, Erste Share Price Fell To EUR7 And Had No Negative Impact On Us
Banks-Insurance

BCR: In 2009, Erste Share Price Fell To EUR7 And Had No Negative Impact On Us

All mother groups of the Romanian top 10 banks have seen their share prices plummet over the past week, with lending institutions being indirectly hurt by the sovereign debt crisis.

Razvan Voican · 12.08.2011 · 00:00 · 1 min
BCR Sold RON600M Retail NPLs - CEO
Banks-Insurance

BCR Sold RON600M Retail NPLs - CEO

Romanian leading bank group Banca Comerciala Romana (BCR) has sold non-performing loans in the retail sector worth 600 million lei (some EUR140 million), recouping 12% of their value, chief...

Florentina Dragu · 05.08.2011 · 12:10 · 1 min
SIF Shareholders Push Ahead With Request For BCR Listing
Banks-Insurance

SIF Shareholders Push Ahead With Request For BCR Listing

On Thursday, on the initiative of Ioan Cuzman, president of SIF Banat-Crisana, the management teams of the five regional investment funds (SIF) met the group of shareholders owning 5% in the...

Roxana Pricop · 05.08.2011 · 00:00 · 1 min
SIFs Prepare EUR1 Bln Exit From BCR
Banks-Insurance

SIFs Prepare EUR1 Bln Exit From BCR

Austria’s Erste Group Bank (EBS.RO), majority shareholder of Banca Comerciala Romana, or BCR, could pay EUR1 billion for the remaining 30.1% in the bank, which is in the hands of the five re...

Roxana Pricop · 04.08.2011 · 00:00 · 3 min
Capital Market

SIFs Want Minority Holders To Reconsider Assembly On BCR Listing

Romania’s five regional investment funds SIFs are trying to persuade a group of minority stockholders to reconsider their call for a general assembly regarding the potential listing in Bucha...

Florentina Dragu · 03.08.2011 · 13:07 · 1 min
Erste Expects SIFs' Decision On BCR Listing Options
Capital Market

Erste Expects SIFs' Decision On BCR Listing Options

Austria’s Erste Group Bank (EBS.RO) Wednesday said it awaits a decision from minority shareholders in its Romanian unit Banca Comerciala Romana (BCR) following discussion about the Romanian...

Bogdan Neagu · 03.08.2011 · 11:50 · 1 min