Banca Comercială Română


Banca Comercială Română , a member of Erste Group, is the most important financial group in Romania, including operations of universal bank , as well as specialized companies on the leasing market, assets management, private pensions, housing banks and banking services through mobile phone. BCR is No. 1 bank in Romania on the assets value, No. 1 Bank by number of clients and No. 1 bank by savings and financing segments.
BCR offers a range of products and financial services through a network of 48 business centres for companies and 643 retail units located in major cities across the country with over 10.000 inhabitants. BCR is No. 1 bank in Romania on the cards market and bank transactions, BCR clients having available the biggest national network of ATMs – over 2.400 ATMs and POSs – over 15.000 card payment terminals to merchants, as well as full service internet banking, phone-banking and e-commerce.

History

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 Group

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 good.bee Service RO
BCR Banca pentru Locuințe is the BCR Group subsidiary specializing in saving and lending for housing purposes under a collective system, launched in July 2008. In 2009, it signed 134,000 contracts, worth RON 3.5 billion.
BCR BpL is the undisputed market leader in terms of total stock and of new business
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 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.
good.bee Service ROcompany offering good.bee Mobile Transaction service, was established through a partnership between Erste Foundation and Erste Group.

Strategy

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.

Business lines

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”, 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, 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.

Management

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.
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
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.