ERSTE GROUP
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Erste Group Revises Romania’s Year-End Inflation Forecast Down To 8%
Austria’s financial group Erste has revised its forecast on Romania’s annual inflation rate down to 8% by end-2023, versus 8.7% in its previous forecast, after the rate touched a record high...
Globalworth Contracts Two New Credit Facilities Worth EUR160M From Erste Group
Real estate developer Globalworth, one of the leading investors in office space in Central and Eastern Europe, has signed financing contracts for two new credit facilities worth EUR160 milli...
BCR: 47% Of Romanians Cut Spending Over The Last Year Due To Price Hikes
Romanians have adapted their financial behavior in the context of the accelerated increase in inflation, prices and utility bills in recent months, with almost half of them (47%) reducing co...
Erste Group Revises Romania’s 2022 GDP Growth Forecast Up To 6%
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has revised upwards its forecast on Romania’s economic growth to 6% in 2022, from a previous projection of 5.1%.
Erste Group Sees Romania’s Economy Growing 6.7% In 2021
Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estima...
Erste Group Merges IT Operations into One of Region’s Largest IT Services Companies
Erste Group, the majority shareholder of Romanian lender BCR, said Thursday it was merging its IT companies to create Erste Digital, one of the largest IT services companies in Austria and t...
Erste Group Sees Romania’s Economy Growing 4.2% In 2021
Austria’s Erste Group, owner of Banca Comerciala Romana, on Friday released a report regarding the evolution of economies of countries in Central and Eastern Europe (CEE), in which it estima...
Erste Profit Halves, BCR's Doubles in Jan-Sept
Erste, the Austrian financial group that owns Romanian BCR, had a net profit of EUR637 million in the first nine months of 2020, half compared with the same period last year, while BCR poste...
Erste Group Posts EUR333M Net Profit In 1Q/2018, Best Result In Its History
Austria’s Erste Group, the majority shareholder of Romanian lender Banca Comerciala Romana (BCR) and one of the largest banks in Central and Eastern Europe, on Friday said it registered a EU...