The analysts of the Erste Group, which owns BCR in Romania, say in a report that international investors are currently paying close attention to Romania, where the fiscal consolidation package has been recently approved by the government.
Erste Group, which owns Romanian lender Banca Comerciala Romana (BCR), has announced on May 5 that it has entered into an agreement with Banco Santander to acquire a 49% stake in Santander Bank Polska for approximately EUR6.8 billion.
Erste Group, which owns BCR in Romania, has upwardly revised its Romania inflation estimate for 2024 amid stepped up inflationary pressures, now expecting a peak of at least 7% in January-February.
The stock exchange-listed Erste Group is optimistic about the current financial year. This optimism is based on the forecast economic upturn of between +3% and +6% in the economies of Central and Eastern Europe (CEE). Despite the trailing effect of insolvencies in Austria and the CEE region, the bank expects that the current year will see its risk […]