Banca Comercială Română

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Banca Comercialǎ Românǎ
Type	Private
Founded	1993
Headquarters	Bucharest, Romania
Key people	Daniel Dăianu (President of the Supervisory Board) Dr. Thomas Krayenbuehl (Deputy President of the Supervisory Board)
Industry	Finance and Insurance
Products	Commercial banking, Investment banking, Private banking, Asset management
Revenue	3.3 RON bn (as of 2005)
Website	www.bcr.ro

Banca Comercială Română (Romanian Commercial Bank) is the largest Romanian bank. As of end of 2005, it has assets in worth of €10 billion (of which more than €2 billion capital) and it is estimated that in 2005 it would have a profit of €250 million.

Erste Bank is the new majority shareholder of Romanian Commercial Bank following the acquisition of a 61.88% stake at a price of €7.65 per share, resulting in a total price for the 490.399.321 shares sold of €3.751.554.805 (€3.75 billion). This is considered the biggest Austrian foreign investment abroad. This is also considered the biggest FDI in Romania.

Since 1998, BCR also operates in the Republic of Moldova.

[edit] Rating

• BBB plus (by Standard & Poor's) (as of Dec. 2005)

[edit] Shareholders

• 62% Erste Bank A.G.
• 8% BCR employees
• 6% each - five investment companies:SIF1- Banat-Crisana;SIF2- Moldova; SIF3- Transilvania; SIF4- Muntenia; SIF5- Oltenia
• others

[edit] External links

• Banca Comercială Română
• BCR Chişinău