September 18, 2014 3:40 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, Elisabeta Boulevard

Bucharest,  

Romania

Founded in 1990

7,078 Employees

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

Banca Comerciala Romana To Sell Nonperforming Loan Portfolios

Banca Comerciala Romana could sell the biggest nonperforming loan portfolios with a nominal value of €550 million, Romania Insider reported. The portfolios will be sold via public or internal, low-profile deals.

Banca Comerciala Romana Reports Earnings Results for the First Half Ended June 30, 2014

Banca Comerciala Romana reported earnings results for the first half ended June 30, 2014. The company announced that it turned to a first-half consolidated net loss of RON 276.6 million, or EUR 61.9 million, mainly due to elevated provisioning generated by accelerated balance sheet clean-up. The bank turned to a consolidated net profit of RON 560.9 million in the first half of 2013. The company achieved an operating profit of RON 1.1 billion in the first half of 2014, down from RON 1.18 billion a year earlier. The bank's operating income dropped by 9.5% on the year to RON 1.8 billion. Net interest income was down 13.9% to RON 1.23 billion, on the back of a lower interest rate environment, efforts to price competitively in the market and accelerated NPL portfolio resolution.

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.

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