Dec 1, 1990 - The Romanian government establishes Banca Comerciala Romana (BCR) SA to take over the commercial banking activities of the National Bank of Romania. BCR SA is granted a full banking licence by the National Bank of Romania.
1998 - BCR SA sets up the Moldovan subsidiary BCR Chisinau SA.
2000 - BCR SA acquires a 100% stake in the UK-based bank Anglo-Romanian Bank Ltd.
Nov 4, 2003 - Romania's privatisation authority APAPS (now AVAS) initiates the privatisation of BCR SA by selling joint 25% plus two shares in the bank to the European Bank for Reconstruction and Development (EBRD) and World Bank's arm International Finance Corporation (IFC) for a combined USD 222 mln. Later, AVAS sold another 8.0% of BCR SA shares to bank employees.
July 16, 2005 - The Romanian Government invites bidders in the tender for the privatisation of up to 62% in BCR SA.
Dec 21, 2005 - AVAS sells 61.88% in BCR SA to Austrian bank Erste Bank der Oesterreishischen Sparkassen AG for some EUR 3.75 bln.
December 2006 - Erste Group buys another 7.27% in BCR SA, increasing its stake to 69.15%.
2011 - Erste Group Bank AG (Erste Group) acquires a 14.5% stake in BCR SA through the issue of 12,300,878 new shares and a 4.0% stake in the bank against a cash payment of RON 380.7 mln.
June 2012 - Erste Group increases its ownership in BCR SA to 93.27% from 93.04% or by 34.5 million shares following another share purchase offer to minority shareholders in the bank, other than Romania's regional investment funds, the SIFs.
Dec 31, 2016 - Banca Comerciala Romana SA takes over its subsidiaries Bucharest Financial Plazza SRL and BCR Real Estate Management SRL. Financiara SA is liquidated.
Aug 16, 2018 - The Romanian investment fund SIF Oltenia sells a 6.29% stake in Banca Comerciala Romana to the Austria's Erste Group for EUR 140 mln.
Dec 19, 2019 - Banca Comerciala Romana SA lists bonds on the Bucharest Stock Exchange.
Last updated on July 28, 2021.