Erste Group Supports Romanian BCR

Business › n.a. ♦ Published: November 7, 2012; 20:06 ♦ (Vindobona)

The Austrian bank Erste Group injects € 111m in Romanian BCR.

Erste Group Supports Romanian BCR / Picture: © Vindobona.org

Erste Group plans to improve BCR´s (Banka Comerciala Romana) capital base through a capital increase. The size of the capital increase reaches about € 111m, “Wirtschaftsblatt” reports. In total, 770 million new shares will be issued. At the moment, Erste Group holds about 93.3% of BCR´s shares. According to Erste Group, the capital increase will help BCR to manage the difficult…

or Log In

Fast News Search
Related News
Erste Pursues Downsizing Strategy in Romania (June 21, 2012)
Erste Raises Stake in BCR (June 5, 2012)
BCR: Treichl Expects Soon Recovery (May 19, 2012)
Erste Group Plans Complete Takeover of BCR (February 9, 2012)
Read More
Banking Industry, Erste Group, BCR Banca Comerciala Romana, Romania, Capital Increase
Featured
See latest Vindobona Newsletter