BCR Banca Comerciala Romana

New CEO at BCR Asigurari de Viata

Sorin Mititelu was appointed as new CEO of Romanian BCR Asigurari de Viata.

December 21, 2013

Erste Group to Reduce Goodwill

Erste Group reduces goodwill by about EUR 350 million.

December 17, 2013

Romania: Fitch Rating for Three Banks Affirmed

Fitch has affirmed the ratings for three Romanian banks and forecasts a stable outlook.

November 14, 2013

Erste Group to Take over BCR Completely

The Austrian banking group launches a permanent buy-out offer for minority shareholders of BCR.

March 13, 2013

Treichl: „BCR Will be Positive this Year“

Erste Group´s CEO Andreas Treichl thinks that the Romanian subsidiary Banca Commerciala Romania will not record losses in 2013.

January 24, 2013 · Updated: January 24, 2013; 21:58

Erste Group: Austerity Cuts Also in Austria

After sharp austerity measures in Romania and Hungary, the banking group wants to reduce personnel costs in Austria.

January 15, 2013

Erste Group: Massive Write-Downs in Romania

The Austrian banking group reduces goodwill by € 300 million.

January 15, 2013

Erste Group: Massive Cuts in Romania

Due to the weak performance of BCR, the Austrian bank plans to lay off 1,600 employees in Romania. BCR´s NPL quota remains on a high level.

December 18, 2012

Erste Group Supports Romanian BCR

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

November 7, 2012

Erste Pursues Downsizing Strategy in Romania

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

June 21, 2012

Erste Raises Stake in BCR

Erste Group’s ownership in BCR increases to 93.27%, following the successful buyout offer for minority shareholders.

June 5, 2012

BCR: Treichl Expects Soon Recovery

Andreas Treichl, CEO of Erste Group, anticipates a soon recovery of the Romanian subsidiary Banka Comerciala Romana.

May 19, 2012

Erste Group Plans Complete Takeover of BCR

The Austrian bank wants to become the sole owner of Banca Commerciala Romana.

February 9, 2012

New Management Board at BCR

The Supervisory Board of Erste Group´s loss-making subsidiary, Banca Comerciala Romana (BCR), took several decisions regarding the structure of BCR’s Management Board (Executive Committee).

January 27, 2012

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.

October 15, 2011

Erste Group: BCR Needs Capital Boost

The Austrian bank’s Romanian subsidiary may need additional capital due to high risk costs and the overall economic situation.

September 16, 2011

Erste Group Increases Stake in Romanian BCR

The Austrian bank enters into agreement with four regional investment funds to acquire a further 24.12% in its Romanian subsidiary.

September 14, 2011

Erste Group Strives for Full Control over Romanian BCR

The Austrian bank does not want its Romanian subsidiary to be listed at the stock exchange although it was a condition for the privatization.

August 4, 2011

Austria Continues Being the Largest Investor in Romania

"Romania is an important market in Eastern Europe for the Austrian economy. Its great importance for us is proved by the fact that Austria is by far the largest investor in Romania"

September 23, 2010
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