ERSTE
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Erste Revises Romania 2021 GDP Growth Forecast to 6.7% from 4.2%
Erste Group, which owns Romanian lender Banca Comerciala Romana, on Tuesday revised its forecast for Romania's economic growth to 6.7% for 2021 from a previous estimate of 4.2%, on positive...
BCR Posts RON424M Net Profit in Q1
Banca Comerciala Romana Group (BCR) held by Austria’s Erste Group, ended the first quarter with RON424.6 million net profit, slightly lower than in the year-ago period, while net interest in...
Belgian Investor Mitiska Reim Group Gets EUR123M Loan From Erste To Refinance Its Romanian Portfolio
Belgian investor Mitiska Reim Group, specialized in developing shopping centers, has obtained a loan of EUR123 million to refinance its entire portfolio in Romania.
Erste, ING Raise 2021 Growth Projections for Romania after Surprisingly Positive 4Q/2020 Data
Erste Group is revising its 2021 growth projection for Romania to 4.2% from 2.7% and ING Bank is revising its projection to 5.5% from 3.7%, citing high carryover effect from unexpected growt...
BCR Posts RON845M Profit Attributable to Majority Shareholder in Jan-Sept
Romanian BCR, owned by Austria's Erste, on Monday reported a net profit attributable to the majority shareholder of RON845 million (EUR175 million) for the first nine months of 2020, 142% hi...
BCR Group Posts EUR81.5M Profit Attributable to Majority Shareholder in 1H/2020
Romanian BCR Group, owned by Austria's Erste, posted a net profit attributable to the majority shareholder of EUR81.5 million in the first half of 2020, compared with a loss of EUR24.6 milli...
BCR Group Posts EUR78.3M Net Profit Attributable To Majority Shareholder In 1Q/2020, Up 69% YoY
Romanian Banca Comerciala Romana (BCR) Group, majority owned by Austria's Erste Group, reported net profit attributable to the majority shareholder, Erste, of EUR78.3 million in the first qu...
Erste Group Sees Romania GDP Growth Contracting 4.7% in 2020
Austria's Erste Group, which owns lender BCR in Romania, said in a research report it sees the country's GDP contracting by 4.7% in 2020 and the budget deficit is likely to widen to 7.3% of...
Erste Pleased With BCR Results, Stays Committed To Romanian Market, CEO Says
Austria’s Erste Group’s new CEO Bernhard Spalt said in Vienna during the presentation of the financial results on Friday that BCR, whose main shareholder the Austrian group is, did a very go...