| Type | Private |
|---|---|
| Founded | 1993 |
| Headquarters | Bucharest, Romania |
| Key people | Dominic Bruynseels, Chief Executive Officer, CEO Helmuth Hintringer, Executive Vice President Oana Petrescu, Executive Vice President Wolfgang Schoiswohl, Executive Vice President Michael Beitz, Executive Vice President Christian Bruckner, COO |
| Products | Commercial banking, Investment banking, Private banking, Asset management |
| Revenue | € 1.140,6 million EUR (2008) [1] |
| Net income | € 541.0 million EUR (2008) [1] |
| Total assets | € 16 billion EUR (2010) |
| Website | www.bcr.ro |
Banca Comercială Română (BCR) (SWIFT code: RNCBROBU), a member of Erste Group, is a universal bank serving both retail and corporate clients. BCR is the most important financial services provider in Romania, managing assets worth over EUR 16 billion. BCR is the most valuable Romanian financial brand. BCR is currently the most important financial group in Romania, including foreign operations, as well as leasing, housing bank and private pension subsidiaries. BCR offers a full range of banking services, including Internet banking, phone banking and e-commerce solutions. The bank’s network numbers more than 667 retail branches and agencies (for individuals and micro-companies) across the country in cities with more than 10,000 inhabitants. Corporate clients (SMEs and big companies) are serviced in 48 dedicated commercial centers. BCR operates the largest national ATM and POS network – over 2,200 machines and over 18,000 terminals operational at merchants for card payments.
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Over time, BCR has brought several innovations on the Romanian banking market, such as:
o first transaction at an ATM in Romania
o BCR is the first bank in Romania to trade securities on the secondary market
o BCR is the first banking institution in Romania to launch a national network of specialized offices – “EU Office BCR” – dedicated exclusively to European funds
BCR is part of the BCR Group that also includes BCR Banca pentru Locuințe, BCR Pensii, Societate de Administrare a Fondurilor de Pensii Private S.A., BCR Leasing and BCR Chișinău.[2]
BCR Banca pentru Locuințe (BCR BpL) is the BCR Group subsidiary specializing in saving and lending for housing purposes under a collective system, launched in July 2008.[3] In 2009, it signed 134,000 contracts, worth 3.5 billion lei.[4]
BCR BpL is the undisputed market leader in terms of total stock (over 50%) and of new business (over 75%).
BCR Pensii, Societate de Administrare a Fondurilor de Pensii Private S.A. was established in June 2007, with an initial share capital of RON 50,000,000.
BCR PENSII has been highly dynamic on the Romanian private pension market, helping the company consolidate its position on the market. In 2009, BCR PENSII finalized the take over of Omniforte – Privately Managed Pension Fund operating on the mandatory pension market and also entered the optional pension market by taking over BCR PRUDENT, the Optional Pension Fund and finalized the take over of mandatory pension funds Prima Pensie and OTP at the beginning of 2010. BCR owns 99.99 % of the shares of BCR Pensii, Societate de Administrare a Fondurilor de Pensii Private S.A.
BCR Leasing S.A. was created in March 2001, to complement the financing offer of Banca Comerciala Romana Group dedicated to individuals, legal entities and authorized natural persons, for purchasing durable goods.
BCR LEASING IFN S.A. provides internal financial leasing services for purchasing durable goods, namely: leasing for purchasing motor vehicles, fleets, industrial equipment and machines, medical equipment, software and IT equipment etc., as well as leasing for industrial or commercial buildings. 89.03% of BCR Leasing is controlled by BCR, while Financiara SA holds 10% of the capital and the remaining 0.97% is owned by individuals.
The BCR strategy takes into consideration the current economic environment and the potential trends of the Romanian finance-banking market and decides that BCR must distinguish itself in a competitive environment by embracing an approach focused on the client’s needs.
BCR’s central mission focuses on implementing into practice its client- and employee-based objectives – BCR to become the bank that is recommended by its clients and the bank where the best people are proud and happy to work.
BCR offers a wide range of banking services for retail clients: current account, saving products, secured and unsecured loans, internet and phone banking, “Primeste pensia în cont curent” (“Receive your pension in the current account”), direct debit, standing order, money transfer payments, traveler’s cheques, SEIF BCR – lockboxes and sealed bags, transfers of amounts in hard currency.
For corporate clients, BCR offers financing for the investments of local public authorities in the social and utilities infrastructure (large and small cities), co-financing for the implementation of international funding programs: PHARE/SAPARD/EBRD/EU, investment loans and financing of the working capital for SMEs, financing of trade, factoring, cash management for large companies, e-payment solutions (local taxes and fees, banking transfer, multi-cash).
The highest governance body in BCR is the Supervisory Board, whose President does not hold an executive position within BCR.
The BCR management is structured on two levels: the executive management – Senior Management, made of five executive members and the supervisory level – Supervisory Board, made of seven members, fully non-executives (namely uninvolved in adopting current – executive – decisions of the company).
The Senior Management reports to the Supervisory Board and regularly informs the board on the decisions made on duty. The Supervisory Board approves the bank strategy, including the social responsibility strategy, upon proposal of the Senior Management.
Supervisory Board
Senior Management
For almost 16 years, Banca Comerciala Romana has been contributing annually with approximately EUR 2 million to the community’s sustainable development, by supporting projects that were in line with the national priorities and the bank’s vision.