Erste Pursues Downsizing Strategy in Romania

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 Pursues Downsizing Strategy in Romania

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.