Erste’s BCR Sees 2013 Profit at 238 Million Lei, Mediafax Says

Banca Comerciala Romana SA, Romania’s largest bank by assets, expects a net income of 238 million lei ($73 million) for this year, Mediafax reported, citing unidentified banking industry officials.

The bank, majority-owned by Erste Group Bank AG (EBS), anticipates 250 million lei in pretax profit for 2013, an operating profit of 2.38 billion lei and bad-loan costs of about 2 billion lei, the Bucharest-based news service said today.

The lender, known as BCR, will hold a general shareholder meeting Jan. 23 to approve its 2013 budget, according to a statement on its website.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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