Company Overview of Banca Comerciala Romana S.A.
Banca Comerciala Romana S.A., together with its subsidiaries, provides banking and other financial services to 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,...
5, Regina Elisabeta Boulevard
Founded in 1990
Key Executives for Banca Comerciala Romana S.A.
Chairman of Management Board, CEO & Executive President
CFO, Executive VP & Member of Management Board
Chief Operating Officer, Executive VP of Operations & IT and Member of Management Board
Executive VP, CRO & Member of Management Board
Executive VP of Retail & Private Banking and Member of Management Board
Compensation as of Fiscal Year 2017.
Banca Comerciala Romana S.A. Key Developments
Banca Comerciala Romana S.A. Announces Earnings Results for the First Six Months of 2017
Aug 4 17
Banca Comerciala Romana S.A. announced earnings results for the first six months of 2017. The company reported net profit halved to EUR 305 million ($361 million) in the first six months of 2017, compared to EUR 636 million in the same period of last year. The decline was mainly due to the base effect resulting from the recording of consistent revenues from the sale of holdings and reps in the balance sheet in the first half of 2016 and of risk provisions generated by recoveries from non-performing loans in the first half of 2015. The company's operating profit rose 3.3% year on year to EUR 151 million in the first half of the year, while operating income edged down 3% on the year to EUR 307.4 million. Net interest income declined by 6.8% to EUR 183.8 million due to lower income from lending business and lower unwinding effects, while net fee income was 5.2% lower at EUR 74.7 million on the back of lower transaction and account maintenance fees in the retail business.
Banca Comerciala Romana S.A., Annual General Meeting, Apr 24, 2017
Mar 24 17
Banca Comerciala Romana S.A., Annual General Meeting, Apr 24, 2017, at 13:00 E. Europe Standard Time. Location: Bucharest, no. 15 Calea Victoriei, Sector 3 Romania Agenda: To approve annual financial statements for the year 2016, for BCR standalone and consolidated for BCR Group; to approve the 2016 profit distribution; to approve the discharging of liability the supervisory Board members and the management board members for 2016 financial year; and to approve the remuneration structure for members of BCR supervisory board for the year 2016.
Banca Comerciala Romana Announces Consolidated Earnings Results for the Year 2016
Feb 28 17
Banca Comerciala Romana announced consolidated earnings results for the year 2016. For the year, the company reported consolidated net profit attributable to owners of the parent of RON 1.04 billion, up 14% year-on-year, supported by new clients and improvement of the quality of its portfolio. The operating profit of Romania's bank by assets fell 16.9% to RON 1.29 billion, as a result of lower operating income coupled with higher investment, mainly in IT infrastructure. Operating income declined 6.7% to RON 2.86 billion, mainly reflecting a drop in net interest income and slightly lower net fee and commission income. Net interest income fell by 10.3% to RON 1.78 billion, mainly on the back of continued NPL portfolio resolution, efforts to price competitively in the market and a low interest rate environment.
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