ERSTE
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US And UK Investors Hold One Third Of BCR Owner Erste
US and and UK investors hold 31.5% in Austria’s Erste Bank (EBS.RO) together, which owns Romania’s largest lender BCR.
Erste: Romania Could Be The Fastest-Growing Economy In CEE In 2016
Romania could see the highest economic growth in Central and Eastern Europe (CEE) due to fiscal relaxation measures and prospects of monetary policy tightening, Erste Group analysts said in...
Erste: BCR Still Has Over EUR1B Worth Of NPL To Sell
BCR will continue to ”over one billion euros’ worth” of non-performing loans and then focus on growing the business and lending, says Jozef Sikela, member of the Erste Board responsible for...
Erste: Romania Inflation Could Accelerate To 1% In Late 2016
Romania’s inflation could stay on negative territory until May, following a renewed cut in VAT, but a trend reversal is expected and price growth is seen accelerating to 1% in late 2016, onc...
Erste: BNR May Cut Mandatory Reserves On RON Liabilities In 2016 Due To Higher Govt Funding Needs
Romania’s central bank may choose to lower the mandatory reserves on RON liabilities in 2016 because the liquidity in the money market might dry up in early next year due to higher governmen...
Erste: Romania Central Bank Likely To Keep Key Rate At Record Low Of 1.75% Until 4Q/2016
The fiscal relaxation and the economic growth may cause Romania’s central bank to increase its main monetary policy rate in the fourth quarter of 2016, according to analysts of Austria’s Ers...
Erste: New Government Might Come Up With Measures To Offset Damage Caused By Fiscal Easing
The significant fiscal easing adopted by the previous government will not be reversed given the broad political consensus in passing the decisions, but the new government might come up with...
Erste: August Inflation Data, Neutral For Romania's Central Bank Monetary Policy
Romania’s inflation numbers for August , published Thursday by the country’s statistics institute, are neutral for the central bank’s monetary policy, according to Erste Group, which continu...
Erste, Global Payments Seal Deal For Merchant Payments Services In Romania, Czech Republic, Slovakia
Erste Group Bank, owner of lender BCR, entered into an agreement with Global Payments, provider of payment technology solutions, to establish a joint venture providing merchant acquiring and...