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Erste Group Increases Stake in BCR
The Austrian Erste Group further expands in the difficult Romanian market. Erste Group will hold 94% in BCR then.

Erste Group, which had to report massive losses this week, will raise its stake in Banca Comerciala Romana (BCR). The expected losses of € 800m for 2011 are mainly due to risk provisions in Romania and Hungary.
As a result, Erste Group realizes its purchase program step by step. Now, 24.12% of the shares should be bought. This week, the takeover of a 6% stake from the Romanian…
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