ERSTE
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Austria’s Erste Launches Buyout Offer For 0.14% In BCR
Austria’s Erste Group Bank AG (EBS.RO) Thursday launched a buyout offer for a stake of 0.14% in Romanian lender BCR, which could bring its total holding in the local bank to 93.41%.
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.
Erste Cuts Transelectrica Target Price, Recommends Buy
Austria’s Erste Group Bank Tuesday cut by 22% to 15.2 lei (EUR3.27) a share its 12-month target price on Romanian power grid operator Transelectrica (TEL.RO) and raised its recommendation to...
Erste AM Plans To Raise RON100M For New Money-Market Fund
Erste Asset Management, the largest asset manager on the local market, sets out to raise 100 million lei (EUR22 million) by yearend for a money-market fund built to the new European standard...
Erste Raises Forecast For Romania 2012 Deficit, Warns Of Political Instability
Austrian Erste Group Bank AG (EBS.RO) Wednesday revised upward its forecast on Romania’s budget deficit to 4.2% of the gross domestic product in 2012, from 3.4% of GDP previously, saying it...
Erste Merges Its Funds Into A Giant One Of RON3.1B
Erste Asset Management, the asset manager of the BCR group, will merge its two largest funds, BCR Monetar and BCR Obligatiuni, into a giant fund with cumulated assets of 3.1 billion lei (aro...
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...
Erste Says BCR Will Have Money For Loans Regardless Of Rating
The parent banks of three of the largest Romanian lenders, BCR, Raiffeisen and UniCredit Tiriac Bank, had their ratings downgraded by Moody’s on Wednesday, because their exposure to the regi...
Erste Ups Stake In BCR To 93.27%
Austria’s Erste Group Bank AG (EBS.RO) Tuesday said it has increased its stake in Romanian lender Banca Comerciala Romana (BCR) to 93.27% from 93.04%, following a buyout offer to BCR minorit...