ERSTE
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SIF Shareholders Push Ahead With Request For BCR Listing
On Thursday, on the initiative of Ioan Cuzman, president of SIF Banat-Crisana, the management teams of the five regional investment funds (SIF) met the group of shareholders owning 5% in the...
SIFs Prepare EUR1 Bln Exit From BCR
Austria’s Erste Group Bank (EBS.RO), majority shareholder of Banca Comerciala Romana, or BCR, could pay EUR1 billion for the remaining 30.1% in the bank, which is in the hands of the five re...
Erste: Our Romanian Business Will Fare Better In 4Q
Andreas Treichl, chief executive officer of Austrian group Erste, expects the financial results of Banca Comerciala Romana (BCR) to visibly improve starting in the fourth quarter.
What's In It For The Bucharest Exchange If BCR Gets Listed
The Bucharest stock exchange might lose another valuable issuer, which would have made a significant contribution to the local capital market, similar to BRD - daily traded volume of about E...
Austria’s Erste 1H Net Profit Rises 5.2% To EUR496.3M
Austria's Erste Group Bank AG (EBS.RO) Friday said its first-half net profit rose 5.2% on the year to EUR496.3 million on solid operating result and lower risk costs.
Austrian Banks Have Highest Exposure To Romania
Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market.
Erste: Greek Capital Withdrawals To Have Limited Impact On Romanian Economy
Romanian economy is unlikely to experience a setback following potential capital withdrawals from Greek lenders, as investors would step in to cover the gap, a survey from Austria’s Erste Gr...
SocGen And Erste Collect EUR1.1M Fee After Romania's EUR1.5B Bond Issue
Societe Generale and Erste Group, the two banks hired as lead managers of the EUR1.5 billion bond issue launched by Romania a week ago on international markets, collected a fee of 0.075% of...
Erste Plans EUR600M Funding Of Romanian Infrastructure Works
Erste Group, owner of Romanian bank BCR, issued financing worth EUR300 million for infrastructure projects so far in Romania, and it expects to double this value within the next year and a h...