BCR CHISINAU shareholders approved new Bank`s Development Strategy for 2011 – 2013

BCR CHISINAU shareholders approved new Bank`s Development Strategy for 2011 – 2013

• 05.05.2011

The General Meeting of BCR Chisinau Shareholders was held on April 28, current year, during which a number of important decisions for Banca
Comerciala Romana activities in Moldova was adopted, and specifically the bank’s new development strategy for 2011-2013 was unanimously adopted.

”For the next 3 years BCR Chisinau aims to become the leader in attracting international investment to Moldova and in supporting small and medium enterprises. For retail segment a special focus will be put on diversifying the loan product portfolio, savings and innovative services for current and potential clients. And BCR Chisinau branch network will be further expanded”, stated Sorin Andrei, BCR Chisinau Chief Executive.

In the framework of the General Meeting of BCR Chisinau Shareholders from April 28 current year the activity reports, as well as other reports for 2010 and proposed changes in BCR Chisinau Statute and Internal Regulations were approved. The contract with auditing company “Ernst & Young” SRL for 2011 year was also approved.

Thus, during 2010 BCR Chisinau achieved a net result of -190,972 million lei and the restructuring phase of bank activities according to Erste group standards was completed. Also, investments were made for opening of the new headquarter, offering modern facilities for service of customers and creating a new informational and operational infrastructure, to offer innovative banking products to the clients. As a result of the efforts of all BCR Chisinau employees, the client portfolio increased by more than 40% and has exceeded the number of 11 thousand, and the number of issued cards and deposits from the population has doubled.
 

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.