ERSTE
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Erste Group Expects Romanian Unit To Make Profit In 2013
Austrian Erste Group Bank (EBS.RO) will likely make a profit in Romania this year as restructuring progress at its subsidiary is in line with expectations, the bank’s chief Andreas Treichl s...
Erste Launches Buyout Offer For 0.13% In BCR
Austria’s Erste Group Bank AG (EBS.RO) Monday launched a buyout offer for a stake of 0.132% in Romanian lender BCR, which could bring its total holding in the local bank to 93.7%.
Erste Expects BCR To Return To Profit In 2013
Austria’s Erste Group Bank AG (EBS.RO) has no plans to modify its restructuring program at the BCR unit in Romania and expects the lender will return to profit in 2013, helped by lower risk...
Erste: Romanian Economy Needs More Dacia Stories To Advance
Romania needs a “critical mass of engineers”, an economic-oriented educational system and more success stories like Dacia to catch up with its neighbors and converge to the EU economy, Erste...
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 Expects 10% To 15% For Bucharest Stock Exchange In 2013
Erste Group analysts see the Bucharest Stock Exchange having a rather good year in 2013. They expect growth of 10% to 15%, below the potential of the local stock market because of the low li...
Erste: Threats To Romanian Political Stability Most Likely To Arise Within Ruling Alliance
What might be a real threat to Romania’s political stability in the next four years is a possible conflict between social democrats and liberals, who make up the ruling Social Liberal Union,...
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...
Erste: Leu Could Weaken Beyond 4.6 Vs Euro If Govt Formation Stalls
The Romanian leu could weaken beyond the 4.6-unit threshold against the euro if a government is not formed soon, Austria’s Erste Group Bank AG said in a report Monday.