BCR Chisinau: The General Shareholder’s Meeting of BCR Chisinau has Approved the New Strategy for the Development of the Bank in 2014-2016 Years

BCR Chisinau: The General Shareholder’s Meeting of BCR Chisinau has Approved the New Strategy for the Development of the Bank in 2014-2016 Years

• 29.01.2014

• BCR Chisinau aim is to consolidate its commercial activities in corporate banking.
• The General Shareholder’s Meeting has approved bank shareholder’s capital increase, as well as the increase of Bank Supervisory Board members to 5 persons.

On January 27th 2014 the General Shareholder’s Meeting of BCR Chisinau has approved the new strategy for the development of the bank in 2014-2016 years, bank budget and financial plan for 2014, as well as the increased number of members in the Supervisory Board.

The new strategy of Banca Comerciala Romana Chisinau S.A. focuses on deepening relations with existing corporate clients on both lending and transactional sides, as well as attraction of new clients – local companies with viable business and foreign investors interested to expand their activities in the Republic of Moldova. A special focus will be to develop new transactional banking solutions based on innovative technologies both for companies, and their employees.

The increased number of members in the Supervisory Board of BCR Chisinau from 3 to 5 persons, approved by General Shareholder’s Meeting from January 27th 2014 aim to consolidate internal control systems and corporate governance of the bank.

” During 2013 year BCR Chisinau passed through a deep process of internal transformations with the aim to adjust bank activities to market changes and to create the fundamentals for a durable development of bank business. We will continue to consolidate our commercial activities and management systems to ensure the achievement of the strategic objectives of the bank. For 2014-2016 years we propose to become more active in supporting viable business of our corporate clients, both international and local. Besides offered financing solutions, we will extend our product range on transactional banking, based on innovative and secured technologies, so that our clients can save time and resources in their relation with the bank. We will continue to support infrastructure projects launched in Moldova, based on group expertise. Our main objective is to become an indisputable leader on corporate banking segment from the Republic of Moldova“, said Juan Luis Martin Ortigosa, Chief Executive Officer at BCR Chisinau S.A.

Previously, on January 3rd 2014 the General Shareholder’s Meeting of BCR Chisinau S.A. has approved the increase of bank shareholder’s capital by 35.650 million MDL to achieve 663.230 million MDL. This decision was taken in order to consolidate financial capabilities of the bank and to support BCR Chisinau S.A. business development.
 

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.