ERSTE
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Erste CEO: Romania's "Brutal" Austerity Measures Show Good Coping Mechanisms
The austerity measures taken in Romania were "brutal", unthinkable in a Western country such as Germany or France, but people in the East "have learned to live with brutality", according to...
Raiffeisen CEO: It’s Natural To Continue Our Business In Romania
Romania is a key market for Raiffeisen and the Austrian group has no intention of abandoning its local businesses, since this is a strategic, long-term investment, which remains profitable d...
SIF Muntenia Transfers Minor BCR Stake To Erste, Collects RON70.1M
Regional investment fund SIF Muntenia (SIF4.RO) collected 70.1 million lei (EUR16.1 million) from Austrian Erste, representing the cash component delivered this year in the deal whereby the...
SIF Moldova Collects RON123.6M For BCR Stake
Regional investment fund SIF Moldova (SIF2.RO) collected 123.6 million lei (EUR28.39 million) from Austrian Erste for the 6% stake it held in lender BCR.
Erste: Petrom, Albalact To See The Greatest Price Hikes On Bucharest Bourse In 2012
Romanian oil and gas company OMV Petrom (SNP.RO) and dairy maker Albalact (ALBZ.RO) have the greatest potential for growth on the Bucharest bourse over the next 12 months, according to a rep...
Erste’s Head Of Infrastructure Finance: Romania Is The Most Important Market For Us
Werner Weihs-Raabl, head of group infrastructure finance and group public sector with Austria’s Erste, which owns the largest local bank, BCR, says Romania is the most important market now.
SIF Moldova Sells BCR Stake To Erste
Romanian regional investment fund SIF Moldova (SIF2.RO) has concluded a binding agreement to sell the 6% it owns in lender Banca Comerciala Romana (BCR) to Erste Group Bank (EBS.RO), the lat...
Erste Bank Will Not Sell Eastern European Assets, Treichl Says
Austrian Erste Bank plans to become a major lender in eastern Europe and doesn’t consider selling its assets in the region, Chief Executive Officer Andreas Treichl said.
Erste CEO: Basescu’s Reaction To Shrinking Austrian Capital Inflows 'Understandable’
Romanian President had a “very understandable” reaction to Austrian central bank’s recommendation that lenders should limit further financing to their subsidiaries in eastern Europe, said An...