Treichl: BCRs network to be equal with that of BRD by the end of the year

The Austrian Erste Bank, majority shareholder of Romania’s largest bank, the Romanian Commercial Bank (BCR), whose assets exceed 17.5 billion euros, is targeting recovery from its lag in terms of territorial expansion and market share compared with its main competitor, the Frenchowned Romanian Development Bank-Societe Generale (BRD-SG), Business Standard daily on April 16 quotes Andreas Treichl, CEO of Erste, as saying.

The integration programme which BCR underwent following its takeover by Erste Bank in 2006 gradually reduced the bank’s market share in terms of assets by some two percentage points, from over 26 percent.
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