ERSTE
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Erste's CEO About Romanian Government Change: Very Encouraging Moves
Andreas Treichl, the chief executive of Austria's Erste Group Bank (EBS.RO), says he is confident the finance and transport ministers in Romania's new government will show good performance.
Treichl: After 4 Years Of Restructuring, BCR Should Have Looked Differently, But The Crisis Struck
BCR, the largest Romanian bank, will have to resort more to the EUR3 billion external funding program it launched in 2009 because the core local business in Romania needs to be financed loca...
Treichl: BCR's New CEO Is More Of An Italian Than A Czech
Five years after Erste took control of Romania's largest bank, Andreas Treichl, the chief executive of the Austrian group, has high expectations from the new management team of BCR.
Erste: Petrom To Get Boost From Brent Oil Price Hikes
The average price of Brent oil will rise to $123 per barrel this year, compared to $111 per barrel last year, which is good news for oil companies such as OMV Petrom (SNP.RO), an Erste Group...
Treichl, Erste: Two Years Ago I Was More Nervous About BCR Than I Am Now
BCR is not an inefficient bank - it has not done badly under the circumstances - and once the economic situation improves, it will be a very profitable bank, says Andreas Treichl, CEO of Ers...
Erste Posts EUR719M Loss In 2011, Despite Returning To Profit In 4Q
Austrian lender Erste Group Bank (EBS.RO) Wednesday announced a net profit after minorities worth EUR254.1 million for the fourth quarter of 2011, which cuts the net loss for the year after...
Erste Group Sets Money Aside For Compensation Pay In Romania, Hungary
Austrian lender Erste Group Bank (EBS.RO) Wednesday announced it has made provisions for compensation pay in Hungary and Romania, which contributed to a 2.6% increase of staff expenditure, t...
BCR Net Profit Down 85% On Year To RON71M In 2011
Banca Comerciala Romana (BCR), the Romanian arm of Erste Group Bank (EBS.RO), Wednesday said its net profit fell 85% in 2011 to 70.9 million lei (EUR16.3 million), impacted by low income gen...
Romanian Banking System Takes A Tentative Step Forward In 2011
The Romanian banking system, which consists of 41 banks, took a tentative step forward in 2011, managing to increase its assets by 3.5% and cut its aggregated loss from 516 million lei (EUR1...