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February 10, 2016 7:49 PM 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, 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 loan and deposit, cash management, foreign commercial business, leasing, investment advisory, financial planning,...

5, Elisabeta Boulevard

Bucharest,  

Romania

Founded in 1990

7,054 Employees

Phone:

40 21 212 1246

Key Executives for Banca Comerciala Romana S.A.

Chief Executive Officer, Member of the Management Board and Member of Assets & Liabilities Management Committee
Age: 43
Chief Financial Officer, Executive Vice President, Member of Management Board and Chairman of Assets & Liabilities Management Committee
Chief Operating Officer
Age: 44
Executive Vice President, Member of Management Board and Member of Assets & Liabilities Management Committee
Age: 47
Executive Vice President and Member of Management Board
Compensation as of Fiscal Year 2015.

Banca Comerciala Romana S.A. Key Developments

Banca Comerciala Romana Reportedly Seeking To Sell Loans

Ziarul Financiar Daily reported that Banca Comerciala Romana S.A. is seeking to sell non-performing loans of over €1 billion. The exact price was not disclosed.

Banca Comerciala Romana Announces Consolidated Earnings Results for the Nine Months of Fiscal 2015

Banca Comerciala Romana announced consolidated earnings results for the nine months of fiscal 2015. For the period the company reported consolidated net profit attributable to owners of the parent amounted to RON 904.3 million, as compared to a net loss of RON 2.43 billion in the same period last year. The company's nine-month operating result fell 23.5% to RON 1,201.2 million from RON 1,570 million a year earlier, mainly due to lower operating income, impacted by reduced unwinding contribution and low interest rate environment and higher costs related to running IT projects.

Romania's BCR Reportedly Abandons Plans To Sell Romanian Loans

Banca Comerciala Romana S.A. has given up its attempts to sell €2.7 billion worth non-performing loans, according to two people with knowledge of the matter. Blackstone Group LP and Lone Star Funds were the only two bidders left for the Banca Comerciala Romana portfolio. The portfolio is codenamed Project Neptune and it includes corporate loans and real estate debt, according to sources. As per one of the sources, the bids that came were too low. Banca Comerciala Romana spokesman Ionut Stanimir declined to comment on the debt sale. Michael Mauritz, a spokesman for Erste, said the bank doesn’t comment on market rumors regarding Neptune.

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