ERSTE
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Erste: Romanian Economy At Risk From Eurozone
Continuing downward pressure on exports from the eurozone and a generally bleak international climate are likely to affect Romania’s economy in the second quarter, tilting the scales to the...
Erste’s Head Of Risk Says Clean-Up Of BCR’s Loan Portfolio Will Continue
Austria’s Erste has finished cleaning up its loan portfolio in Hungary but the process continues in Romania with BCR, where the group plans to raise the degree of coverage of non-performing...
Erste: Romania Central Bank To Leave Rates On Hold Until 2013
The Romanian central bank is likely to keep its key rate unchanged at 5.25% until 2013, after political uncertainly prompted the bank to interrupt its monetary policy easing, Austrian lender...
Austria’s Erste 1Q Net Profit +7.8% On Year To EUR346.5M
Austria's Erste Group Bank AG (EBS.RO) Monday said its net profit after minorities rose 7.8% on the year to EUR346.5 million in the first quarter, largely fueled by a one-time income of EUR2...
Erste: Romania To Continue IMF Agreement, As EU Fiscal Pact Leaves Few Options
Romania will continue the agreement with the International Monetary Fund and the European Union, because is has few alternatives in the context of the new European fiscal pact, Erste Group s...
Erste: Romania Better Off Without Technocrat Government In Long-Run
A government headed by Social-Democrat Victor Ponta could be a better alternative for Romania’s long-term political stability than a technocrat government, Austria’s Erste Group Bank AG (EBS...
SIF Muntenia Sells Remaining Stake In BCR For RON53.5M
Romanian regional investment fund SIF Muntenia (SIF4.RO) Wednesday said it has sold its remaining stake in Banca Comerciala Romana (BCR) to Austria’s Erste Group Bank AG (EBS.RO) for 53.5 mi...
SIF Banat-Crisana Sells Last Shares In BCR
Romanian regional investment fund SIF Banat-Crisana (SIF1.RO) Wednesday said that it has sold the last shares it held in lender BCR to Austrian Erste Group Bank (EBS.RO), and now it stands t...
Erste Wants 100% In BCR, Persuades 339 Individuals To Sell, Continues Negotiations With SIF Oltenia
Austria’s Erste Group (EBS.RO) has only one of the top ten individual shareholders of BCR left to persuade, after nine of them have already accepted the offer to sell at 1.09 lei per share,...