Erste Pursues Downsizing Strategy in Romania

Professional Services › Banks ♦ Published: June 21, 2012; 13:31 ♦ (Vindobona)

Last month, the Austrian Erste Group closes about 25 bank branches of BCR in Romania.

Erste Pursues Downsizing Strategy in Romania / Picture: © BCR Banca Comercială Română

BCR (Banca Comerciala Romana SA), shut down 25 branches in May. The Romanian subsidiary of Austrian Erste Group, which is Romania´s second-largest bank, thus scaled down ist branch network to 643 units. Erste Group´s Romanian subsidiary faces a smaller business volume. As a result, the lending business has to be redimensioned.

Erste Group acquired BCR in 2006, the purchase…

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Erste Group, Romania, Banking Industry, CESEE, BCR Banca Comerciala Romana, M & A, Downsizing, Lending
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