Download Fact Sheet - Erste Group Bank AG

Fact Sheet
August 2015
Profile
BCR in a nutshell
 7,054 employees
 509 branches
 21 business centers and 23 mobile offices
Banca Comerciala Romana (BCR) was established in 1990
taking over the commercial banking operations of the National
Bank of Romania. Today, BCR is the most important financial
group in Romania, including companies on the leasing, private
pension and housing bank markets. BCR is the most valuable
financial brand in Romania, according to level of customer trust*
and number of clients who mainly bank with BCR.
BCR offers a full range of financial products and services in most Romanian towns of more
than 10,000 inhabitants. BCR is the No. 1 bank in Romania on the cards and banking
transactions market. It commands the largest national ATM (over 2,200 machines) network,
while presenting a complex offer in electronic banking services, including internet banking,
phone banking and e-commerce services.
From 2006 on, BCR became a member of Erste Group, which was founded 1819 as the
first Austrian savings bank. Since 1997 Erste Group has developed into one of the largest
financial services providers in Central and Eastern Europe, with more than 46,000
employees serving around 16.4 million clients in 2,900 branches in 7 countries (Austria,
Czech Republic, Slovakia, Romania, Hungary, Croatia, Serbia).
Strategic positioning
1.
2.
3.
Business approach: We offer full range of financial solutions and services across the
entire financial life of our clients in a “one-stop-shop”: savings, investments, lending,
consulting and advisory, leasing.
Geographical approach: We focus on the Romanian and Moldavian markets (via
fully-owned subsidiary BCR Chisinau), while offering clients’ active abroad financial
services and advisory through Erste Group subsidiaries across Central and Eastern
Europe.
Client approach: BCR fosters long-term relationship with clients in all segments,
offering accessible and transparent products as well as personalized consulting
services.
BCR's business position
 No. 1 on EU funds market with over EUR 1,1 bn in
co-financing granted for EU funded projects.
 BCR is providing universal banking operations
(retail, corporate & investment banking, treasury
and capital markets), and covering specialty
companies working on the leasing market, asset
management, private pensions, housing banks
and mobile e-banking services.
 BCR is Romania’s No. 1 bank in terms of asset
value (EUR 14 bn.), in terms of client base and
in terms of savings and crediting.
 BCR is also Romania’s most important financial
brand, judging by the client trust rate and by the
number of persons who consider that BCR is
their main banking partner.
Shareholder structure:
Products & Services
BCR, a modern bank with a long-term tradition, services the following client groups:
Customer banking in Romania
Private
individuals:
We
support all our clients to fulfil
their
aspirations
while
ensuring their financial wealth
now as well as in the future.
We offer the complete range
of services and products, from
housing financing (mortgages),
consumer
loans,
personal
accounts (including dedicated
packages for entrepreneurs,
students,
NGOs
&
foundations), payment & credit
cards, direct banking services
(controlling one’s account via
the Internet, phone, GSM),
investment
and
savings
products, consulting and sale
of financial market & treasury
products to Private Banking
customers.
Small and medium-sized
enterprises as well as large
corporations: As leader in a
range of banking businesses
we play a major role in the
corporate segment, offering
customized
products,
specialized programmes and
consulting
for
micro
entrepreneurs,
small
and
medium enterprises as well as
large corporations.
Municipalities, public and
non-profit sector: Due to our
historical strong relationship
with local municipalities as well
as with the public and nonprofit sector we developed to
be the first choice address for
tailor-made financial solutions
(incl. special financing for
national,
regional
and
municipal
infrastructure
projects).
Focus on CEE, limited exposure to other Europe
BCR’s presence
 509 branches
 21 business centers
 23 mobile offices
Ratings
LongTerm
ShortTerm
Outlook
BBB
F2
stable
Moody's Ba1
NP
negative
Fitch
Management Board
 Tomas Spurny, CEO
 Adriana Jankovicova, CFO
 Jonathan Locke, CRO
 Dana Demetrian,
Retail&Private Banking VP
 Sergiu Manea, Corporate&Markets VP
 Pau Ursaciuc, COO
 Bernd Mittermair, Workout VP
Consolidated subsidiaries:
Fact Sheet
August 2015
Financial results H1 2014
News and Reports
07.08.2015 - BCR financial results for H1
2015: RON 603.4 million net profit
Banca Comerciala Romana (BCR) achieved in
H1 2015 an operating result of RON 778.5
million (EUR 175.0 million), 28.9% lower than the
previous year at RON 1,096.6 (EUR 246.4),
driven by lower operating income, impacted by
reduced unwinding contribution and slightly
higher costs. H1 2015 net profit stood at RON
603.4 million (EUR 135.7 million), supported by
substantially lower risk costs, as a result of better
portfolio quality after extensive loan book
screening in 2014.
Macroeconomic outlook for Central and Eastern Europe
The economic recovery in CEE countries is expected to continue in 2014 at a growth
rate of 2.4% (Eurozone: 1.1%). Romania and Hungary will probably even achieve
3.0%. The Czech Republic (2.5%) and Slovakia (2.2%) will post higher growth rates
than in the previous year, while Serbia's (due to the flooding in May and continued
budget consolidation) and Croatia's economies (due to fiscal restrictions) will contract
by -0.5%. Problems in exports and lacking competitiveness will additionally weaken
economic growth. Overall, growth in CEE stands to benefit from the less stringent fiscal
consolidation measures and higher growth in export markets compared to 2013.
Domestic demand should also improve without burdening the attractive financial
position of the CEE region versus foreign countries. The conflict in Ukraine and Russia
have had a limited impact on CEE markets up to now, but could negatively affect the
real economy in the coming quarters. “Despite these circumstances, growth in 2014
will substantially exceed 2013 levels (0.8%)”, concludes Zoltán Árokszállási, Senior
macro analyst for CEE of Erste Group.
Outlook for BCR
In bank retail business, strong performance in volume generation by the franchise
resulted in sales of secured loans increasing by 34% annually, with Prima Casa
new production 66% yoy. The retail performing loans balance grew at around RON
16.9 billion, on the back of new lending outgrowing volumes of loans reimbursed or
maturing. At RON 9.9 billion, the total performing housing loans portfolio continued
to grow versus RON 9.45 billion at end of year 2014.
In bank corporate business, new volumes added on the balance sheet totalled RON
1 billion ytd, while the overall corporate performing loan portfolio grew at around
RON 11.9 billion, versus RON 11.5 billion at end of year 2014. New approved loans
are substantially picking up, supported by a solid pipeline of better quality new
business, particularly in overdraft, working capital and supply chain financing.
Did you know that …
…The US rating agency Standard&Poor's (S&P) estimates that Romanian economy
will grow by 3% per year during the interval 2015-2018.The US rating agency
Standard&Poor's (S&P) estimates that Romanian economy will grow by 3% per
year during the interval 2015-2018. This advance is supported by the growing
domestic consumption, which will partially compensate for the state's revenues that
will be affected by the reduced VAT quota. Amid economic growth whose grounds it
describes as solid, S&P affirmed, at the end of last week, Romania's long term and
short term foreign and local currency sovereign credit ratings at BBB-/A-3. (Source:
Ziarul Financiar)
…In 2014, the Romanian economy grew by 2.9%. In 2014, the Romanian economy
grew by 2.9%, maintaining its position among the top seven European countries in
terms of the dynamics of gross domestic product (GDP), this favorable
macroeconomic context having a positive influence on capital market development
in Romania, according to the Financial Supervisory Authority (FSA). The total
capitalization of BSE amounted to RON 129.95 billion at the end of 2014, down by
2.89% compared to 2013 (RON 133.82 billion), while the share of stock
capitalization of local companies in GDP stood at 12.2% in the period under review,
quite similar to that recorded in 2013. (Source: Curierul National)
28.05.2015 - BCR will provide cash
management services for OMV Petrom
As of this year, Banca Comercială Română
(BCR) will make available to OMV Petrom
Group a large range of customized products
and services for cash management and
trade finance. The cash management
services include cash collection, cash
pooling, payments and receipts. The offer of
BCR Group covers operations of OMV
Petrom Group in Romania, as well as in the
Republic of Moldova.
06.04.2015 - BCR Pensii: 100,000
Romanians use BCR Plus for their
optional
pension
savings
BCR Plus Optional Pension Fund has
exceeded the threshold of 100,000 clients,
having now 100,184 participants, a portfolio
of EUR 40.50 million worth of net assets and
an annual profitability rate for the past 24
months of 10.6005% as of 28 February
2015, according to the data published by
FSA (Financial Supervisory Authority). BCR
Pensii saw a 41% increase in the
administered assets (BCR plus Voluntary
Pension
Fund
and
BCR
Privately
Administered Pension Fund) in 2014, which
is 4% above the market average, up to a
value
of
RON
1.3
billion.
26.03.2015 – The volume of taxes and
fees paid through Internet Banking
increased by over 250%
The volume of taxes and fees paid through
Internet Banking by the customers of Banca
Comercială Română (BCR) increased by
over 250% in 2014, to over RON 4.5 mln, up
from RON 1.285 mln recorded in 2013. BCR
offers to its individual customers the
possibility to pay contributions, taxes, fees or
other liabilities to the state budget or budgets
of local administrations through the Internet
Banking service - Click 24 Banking. In the
first 2 months of this year, the volume of
taxes and fees paid through Internet banking
was almost RON 530,000, increasing
compared to the same period of last year,
when approximately RON 425,000 were
recorded.
06.03.2015 - Women run one third of the
businesses in Romania
In Romania, one in three companies is
managed by a woman and 35% of the local
SMEs are owned by women, according to
BCR’s
updated
portfolio
information.
Women’s business environment in Romania
develops
ever
more
quickly,
in
circumstances where ever more companies
hire representatives of the fair sex as
managers and ever more companies are
open to working with female entrepreneurs.
Actually, according to the information that
Banca Comercială Română, www.bcr.ro
Department of External Communication: [email protected]