ERSTE
213 articole · RSS
Erste CEO: Buying BCR Was Not A Mistake, Despite The High Price
Erste Group Bank (EBS.RO) chief executive officer Andreas Treichl on Monday said the Austrian group paid a high price for Romanian BCR in 2006, from today’s perspective, but the acquisition...
Erste Plans EUR700M Write-down Of Romania Goodwill
Austria’s Erste Group Bank AG (EBS.RO) Monday said it will partially write down its Romania-related goodwill by EUR700 million pre-tax, reflecting a slower-than-expected economic recovery.
SIF Shares Nosedive, Are 50% Away From 2009 Lows
The shares of the five regional investment funds (SIF) were significantly affected on the stock exchange, losing up to 15% in the last three trading sessions alone amid foreign stock exchang...
Bucharest Bourse Allows 25% Variation On Erste Shares
The Bucharest bourse on Monday raised the maximum variation limit to 25% on Erste Group Bank (EBS.RO) stocks, as opposed to the usual 15% ceiling, since the lender’s stock price rose above t...
Austrian Banks Add EUR0.5B To Romanian Market, French Banks Withdraw EUR4.8B
Austrian banks increased their exposure to Romania in the first quarter of this year, while French and Greek banks reduced their financing lines, according to data from the Bank of Internati...
SIF Shareholders: We Are Disappointed By Erste’s Offer
The shareholders of the five regional investment funds (SIF) say they are disappointed with the price offered by Austrian group Erste to take over 24.12% in BCR. They have yet to decide how...
Erste, SIFs To Pay Rothschild EUR750,000 For Evaluation Services
Rothschild investment bank will receive EUR750,000 for evaluation services during negotiations between Austria’s Erste Group and minority stockholders in its Romanian unit BCR.
BCR Employees Get Sweetened Exit Deal Because They Need Protection, Erste Says
Romanian BCR’s employees are getting more for their shares in the bank compared with the SIF minority stockholders because they need “a certain level of protection” to liquidate their holdin...
Wimmer: BCR Highly Likely To Require A Future Capital Boost
Austrian Erste Group Bank AG (EBS.RO) Friday said its Romanian unit BCR could very likely need a capital increase sometime in the future, as risk costs are bound to remain at high levels.