BCR Chisinau: The transformation of BCR Chișinau

BCR Chisinau: The transformation of BCR Chișinau

• 25.04.2013

Chișinău, April 24th, 2013. On April 22nd, 2013 the General Shareholders Meeting of Banca Comercială Română Chișinău S.A. has adopted a series of strategic decisions that will impact the future focus and the activity of the bank, taking into account the new objectives for 2013-2015 periods.
The General Shareholders Meeting has approved the bank reports for 2012, the distribution of the annual profit for 2012, as well as the bank budget and financial plan for 2013.

By adapting immediately to market changes and significantly reshuffling its business model, BCR Chișinău is now able to continue striving for excellence, by innovating and enhancing the service quality during these very challenging times for economic environment.
”During 2012, Banca Comercială Română Chișinău S.A. made significant progress in increasing the efficiency and efficacy of its operational activity. This will allow BCR Chișinău S.A as integrant of BCR Group, to excel in 2013-2015 in consolidating its activity, promoting local growth, and accelerating the catching up process of the Moldovan banking industry with respect to European standards”, said Mr. Sergiu Cristian Manea, Chairman of Supervisory Board at BCR Chișinău S.A.

The new strategy is to meet various needs in banking services for the chosen client portfolio. The Bank will allocate resources to support them reaching growth and competitiveness. The rightsizing of the operational scale will enable the bank to support strategic sectors of the economy.
BCR Chisinau clients will benefit from a vast array of tailor made solutions with a special focus on supporting and growing value of business cycle. Moreover, the bank will firmly continue to serve the existing clients with efforts to increase the quality of service and the transactional dimension.
In order to achieve this, BCR Chisinau will enhance its product portfolio and will capitalize on group knowledge. The specialized products will be the main growth drivers. Transaction banking excellence will be promoted in both trade finance (financing internal and external trade transactions) and cash management (cross-border products current account opening, transnational financing, intra-group payments, Internet Banking), while project finance expertise will play a major role as well.

Banca Comercială Română Chişinău

Banca Comerciala Română Chişinău S.A. is a universal commercial bank, established in the Republic of Moldova on October 22, 1998. The single shareholder of the bank is BCR SA, the leading banking organization in Romania; member of Erste Group, one of the largest financial providers in Central and Eastern Europe.