Banca Comercială Română (Romanian Commercial Bank) is the largest bank in Romania. The bank has 473 branches and agencies throughout the country, with outlets in most towns and cities, and owns the largest domestic ATM network with over 1,300 ATMs and 9,800 points-of-sale terminals. BCR also owns banking subsidiaries in Moldova and London, which also has branches in Paris and Frankfurt, and representative offices in Moscow and New York.
As of end of 2005, BCR has assets in worth of €10 billion (of which more than €2 billion capital) and it is estimated that in 2005 it would have a profit of €250 million.
Erste Bank is the new majority shareholder of Romanian Commercial Bank following the acquisition of a 61.88% stake at a price of €7.65 per share, resulting in a total price for the 490.399.321 shares sold of €3.751.554.805 (€3.75 billion). This is considered the biggest Austrian foreign investment abroad. This is also considered the biggest FDI in Romania.
EBRD LAUNCHES 60 MILLION ENERGY EFFICIENCY FACILITY FOR SMALL BUSINESSES IN ROMANIA 20 MILLION FOR ENERGY SAVING INVESTMENTS VIA BANCA COMERCIALA ROMANA.
Sep 26, 2011; LONDON -- The following information was released by the European Bank for Reconstruction and Development (EBRD): Author(s):Ina...