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Erste Pursues Downsizing Strategy in Romania
Last month, the Austrian Erste Group closes about 25 bank branches of BCR in Romania.
Erste Pursues Downsizing Strategy in Romania / Picture: © Vindobona.org
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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