July 12, 2014 3:55 PM ET


Company Overview of Banca Comerciala Romana S.A.

Company Overview

Banca Comerciala Romana SA, together with its subsidiaries, provides retail, corporate, and investment banking services to corporate and individual clients, and governmental institutions primarily in Romania. The company provides its retail individual customers with lending products, such as mortgage and consumer loans; savings and deposit taking, payment services, and securities business; debit and credit cards and related services; and self service, and mobile/Internet/ phone banking. The retail operations also include the sole traders and micro companies provided with consumer loans, overdrafts, credit card facilities, fund transfer facilities, and deposits. Banca Comerciala Romana (BCR) ...

5 Regina Elisabeta Boulevard

Sector 3

Bucharest,  030016


Founded in 1990

7,021 Employees


40 21 312 6185


40 21 312 2096

Key Executives for Banca Comerciala Romana S.A.

Chief Executive Officer
Age: 49
Chief Financial Officer
Chief Operating Officer
Age: 43
Executive Vice President of Retail Banking
Age: 47
Executive Vice President
Age: 62
Compensation as of Fiscal Year 2014.

Banca Comerciala Romana S.A. Key Developments

BCR Announces Executive Changes

BCR has named Adriana Jankovicova as the new chief financial officer. Jankovicova will take the place of Bernd Mittermair who has been assigned to manage the Remedial, restructuring and recovery business lines. Michael Beitz, a vice president, will assume a new role at the bank.

Banca Comerciala Romana Reports Unaudited Consolidated Earnings Results for the Nine Months Ended September 2013

Banca Comerciala Romana reported unaudited consolidated earnings results for the nine months ended September 2013. The company turned to a consolidated nine-month net profit after tax and minority interests of RON 559.8 million, equivalent to RON 126.9 million. Loss was RON 758.9 million in the first nine months of 2012. The company achieved a solid operating result of RON 1.87 billion, up 2.6% versus RON 1.82 billion in the first nine months of 2012, on slightly lower income more than offset by the decrease in expenses. The operating income slightly decreased by 0.5% to RON 2.99 billion from RON 3.0 billion for the same period last year. The net interest income was marginally up 0.1% on the year to RON 2.14 billion through September.

Updates On Privatization Of RomGaz S.A.

The privatization of S.N.G.N. RomGaz S.A. will start on October 22, 2013. The IPO prospectus was approved by the Financial Supervisory Authority on October 18, 2013. RomGaz has hired The Goldman Sachs Group, Inc. (NYSE:GS), Erste Group Bank AG (WBAG:EBS) and its subsidiary Banca Comerciala Romana S.A., Raiffeisen Capital & Investment S.A. to help with the offering in Bucharest. BNY Mellon, National Association will assist with the GDRs listing in London, people familiar with the matter told Mediafax.

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