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July 07, 2015 5:28 AM ET

Banks

Company Overview of Banca Comerciala Romana S.A.

Company Overview

Banca Comerciala Romana S.A., together with its subsidiaries, provides retail, corporate, and investment banking services to corporate and individual clients, and governmental institutions primarily in Romania. The company offers retail banking products and services, such as lending products comprising consumer loans, vehicles purchase, personal needs, mortgages, overdrafts, credit cards facilities, and funds transfer facilities; savings and deposit products; payment services; and securities business to individuals and micro clients. It also provides corporate banking services, including loans and deposits, cash management, foreign commercial business, leasing, investment advices, financial ...

5, Regina Elisabeta Boulevard

Sector 3

Bucharest,  030016

Romania

Founded in 1990

7,078 Employees

Key Executives for Banca Comerciala Romana S.A.

Chief Executive Officer, Member of Management Board and Deputy Chairman of Assets & Liabilities Management Committee
Age: 50
Chief Financial Officer
Chief Operating Officer
Age: 44
Executive Vice President of Retail Banking, Member of Management Board and Member of Assets & Liabilities Management Committee
Age: 48
Executive Vice President, Member of The Management Board and Member of Assets and Liabilities Management Committee
Age: 63
Compensation as of Fiscal Year 2015.

Banca Comerciala Romana S.A. Key Developments

Banca Comerciala Romana To Finalize The Sale Of Non-Performing Loans

Banca Comerciala Romana S.A. is planning to finalize the sale of €2 billion worth non-performing loans in next few weeks, Reuters reported. Mayank Gupta, a banking and finance partner at law firm Mayer Brown International LLP, told the newswire that indications are that the sale of non-performing loans in a tender process due to be finalized in the next few weeks. A pair of banking sector sources confirmed the sale.

Banca Comerciala Romana S.A. Announces Unaudited Consolidated Earnings Results for the First Quarter of 2015

Banca Comerciala Romana S.A. announced unaudited consolidated earnings results for the first quarter of 2015. The company has reported consolidated net profit attributable to owners of the parent of RON 344 million or EUR 77 million in the first quarter of 2015 from a net loss of RON 0.8 million a year earlier, on the back of lower risk costs. Operating profit fell 29% to RON 392.3 million in the first quarter as a result of an 18% drop in operating income. Net interest income declined 20.8% to RON 510.5 million, net fee income was 4.7% lower and the net trading result dropped 29.8%.

Banca Comerciala To Sell Its Non Performing Loans

Banca Comerciala Romana S.A. is planning to sell its nonperforming loans worth €1 billion to €1.5 billion, local media reported. The buyer will also take over a division of Banca Comerciala Romana. The price could amount to between €100 million and €200 million.

Similar Private Companies By Industry

Company Name Region
S.C. Banca Millennium S.A. Europe
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Bank Leumi Romania S.A. Europe
Romanian International Bank S.A. Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 12, 2015
Banca Comerciala Romana S.A., Portfolio Of 410 Defaulted Romanian Corporate Real Estate Loans
 

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