July 24, 2016 4:02 PM ET

Banks

Company Overview of Banca Comerciala Romana S.A.

Company Overview

Banca Comerciala Romana S.A., together with its subsidiaries, provides banking and other financial services governmental institutions, and corporate and individual clients in Romania and internationally. The company offers retail banking products and services, such as lending products comprising consumer loans, vehicles purchase, personal needs, mortgages, overdrafts, and credit cards 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 other credit facilities, deposits, current accounts, cash management, foreign commercial business, leasing, in...

5, Elisabeta Boulevard

Bucharest,  

Romania

Founded in 1990

7,065 Employees

Key Executives for Banca Comerciala Romana S.A.

Chief Executive Officer, Executive Vice President, Member of the Management Board and Deputy Chairman of Assets & Liabilities Management Committee
Age: 44
Chief Financial Officer, Executive Vice President, Member of Management Board and Chairman of Assets & Liabilities Management Committee
Executive Vice President, Member of Management Board and Member of Assets & Liabilities Management Committee
Age: 48
Executive Vice President, Member of Management Board and Member of Assets & Liabilities Management Committee
Executive Vice President, Member of Management Board and Member of Assets & Liabilities Management Committee
Compensation as of Fiscal Year 2016.

Banca Comerciala Romana S.A. Key Developments

BCR Reportedly Accepting Offers for €500 Million NPL Bundle

Banca Comerciala Romana S.A. (BCR) is reportedly accepting offers from debt recovery firms for a non-performing loan (NPL) bundle with a value of €500 million until June 15 2016, local media reported on June 2, 2016 quoting unnamed sources. Debt recovery firms KRUK Spolka Akcyjna (WSE:KRU), Kredyt Inkaso S.A. (WSE:KRI) and Asset Portfolio Servicing Romania SRL are reportedly among the potential buyers for BCR's NPL bundle put up for sale, according to Ziarul Financiar.

BCR May Be Privatized

Banca Comerciala Romana S.A. (BCR) stake may be sold. Bogdan Chiritoiu, President of the Competition Council spoke in an interview, saying that the Council is working on an analysis of the banking system to see how the competition works in the banking market. It tracks bank fees and wants to see the customers' mobility. This includes a reference to the privatization of BCR.

Banca Comerciala Romana S.A. Announces Unaudited Consolidated Earnings Results for the First Quarter of 2016

Banca Comerciala Romana S.A. announced unaudited consolidated earnings results for the first quarter of 2016. For the quarter the company announced net profit attributable to owners of the parent of RON 315.1 million in the first quarter of 2016, down 8.4% compared to the same period of last year. The bank's operating profit fell 16% to RON 330.6 million in the first quarter, while operating income edged down 2% on the year. Net interest income declined by 10% to RON 459.2 million, net fee income was 6% higher and the net trading result surged 42%.

Similar Private Companies By Industry

Company Name Region
Banca Romana De Credite Si Investitii S.A. Europe
CEC Bank S.A. Europe
Libra Internet Bank S.A. Europe
Nova Bank S.A. Europe
Patria Bank Sa Europe

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Banca Comerciala Romana S.A., please visit www.bcr.ro. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.