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Erste: Our Romanian Business Will Fare Better In 4Q
Banks-Insurance

Erste: Our Romanian Business Will Fare Better In 4Q

Andreas Treichl, chief executive officer of Austrian group Erste, expects the financial results of Banca Comerciala Romana (BCR) to visibly improve starting in the fourth quarter.

Razvan Voican · 01.08.2011 · 00:00 · 3 min
What's In It For The Bucharest Exchange If BCR Gets Listed
Banks-Insurance

What's In It For The Bucharest Exchange If BCR Gets Listed

The Bucharest stock exchange might lose another valuable issuer, which would have made a significant contribution to the local capital market, similar to BRD - daily traded volume of about E...

Adrian Cojocar · 01.08.2011 · 00:00 · 3 min
Erste CEO: I’ll Do Everything In My Power To Avoid BCR’s Listing
Banks-Insurance

Erste CEO: I’ll Do Everything In My Power To Avoid BCR’s Listing

Erste Group Bank AG (EBS.RO) Chief Executive Officer Andreas Treichl said Friday he would do “everything in his power” to avoid a potential listing of its Romanian unit Banca Comerciala Roma...

Florentina Dragu · 29.07.2011 · 13:56 · 1 min
TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR
Banks-Insurance

TMK Artrom Slatina Plans To Borrow EUR60M From Unicredit, BCR

Romanian steel pipe maker TMK Artrom Slatina (ART.RO), part of Russian steel group TMK, Friday said it plans to take out loans worth a total EUR60 million from UniCredit Tiriac Bank and Banc...

Andrei Cîrchelan · 29.07.2011 · 13:05 · 1 min
BCR's Net Profit Up 8% On Quarter To RON82 Mln In 2Q
Banks-Insurance

BCR's Net Profit Up 8% On Quarter To RON82 Mln In 2Q

Romanian banking group BCR Friday reported a second-quarter consolidated net profit of 82 million lei (EUR19.7 million), up 8% compared with the previous quarter, but only a third of the res...

ZF English · 29.07.2011 · 10:15 · 2 min
Romanians Keep Kilos Of Gold In Swiss Banks
Capital Market

Romanians Keep Kilos Of Gold In Swiss Banks

Certinvest, the largest independent asset manager providing personalized services, bought more than ten kilos of gold worth an estimated EUR350,000 for some of its clients looking for an inv...

Roxana Pricop · 29.07.2011 · 00:00 · 1 min
Banks-Insurance

Seven BCR Managers Received Over EUR4M Pay For Last Year

BCR, the largest bank on the Romanian market, last year paid gross salaries worth a total of EUR1.7 million to a group of seven people in the management team and to people with exceptional c...

Claudia Medrega · 27.07.2011 · 00:00 · 2 min
BCR Notes Signs Of A Lending Demand Thaw
Banks-Insurance

BCR Notes Signs Of A Lending Demand Thaw

The number of clients coming to the bank to apply for refinancing or a new loan has increased visibly in recent months, considering property prices have stabilized and interest rates have fa...

Ciprian Botea · 21.07.2011 · 00:00 · 1 min
BCR Ends Mortgage Promotion, Signals Time For More Expensive Loans
Banks-Insurance

BCR Ends Mortgage Promotion, Signals Time For More Expensive Loans

Banca Comerciala Romana (BCR), Romania’s largest bank by assets, has raised mortgage loan interest rates after a promotional campaign that lasted for one month and a half expired at the end...

Ciprian Botea · 20.07.2011 · 00:00 · 1 min