Announcements for shareholders

With reference to BCR Management Board decision dated 16.10.2020 previously posted on BCR website, please be informed that BCR Ordinary General Shareholders Meeting (OGSM) planned and intended to be organized on January 29th, was not called considering that:

  • due to the evolution COVID – 19 pandemic spread, new guidance from European Central Bank regarding dividends pay out for 2019 and 2020 continue to limit our majority shareholder in making dividends distribution decision;
  • the need to avoid unnecessary risks under the framework of the applicable rules governing the conditions of the pandemic and the imposed constraints in organizing meetings with the physical presence of large number of persons;
  • dividend payout subject will be on the agenda of the next OGSM to be called according to the applicable legal framework for the closing of 2020 financial statements.

 

RESOLUTION 

adopted by the Management Board

of BCR SA on 16.10.2020

 

Regarding BCR 2019 dividend payout topic on BCR OGSM agenda planned for January 29th 2021:

For transparency purposes and assuring the proper information of all BCR shareholders – the current Management Board decision based on the majority shareholders request is  made available to all the shareholders as follows:   

BCR Ordinary General Shareholders Meeting held on June 26th made a decision on BCR 2019 YE profit distribution - namely approval of the proposed profit destinations except the dividend payment (that was not approved due to the regulatory constraints at that date), but also comprised the reference to our majority shareholder intention of postponing the decision on dividends payment to Q4 2020 – considering EU and NBR recommendation in force at that moment.

Considering that:

1. During the current period, due to the evolution COVID – 19 pandemic spread, both EU and NBR regulation framework imposed further constraints, requesting credit institutions to avoid, at least until 01.01.2021, the performance of several actions, among which that of dividend distribution or granting irrevocable commitments of dividend distribution, following the implementation, at national level, of the European Systemic Risk Board (ESRB) Recommendation 2020/7, regarding the restrictions on dividend payments during the COVID-19 pandemic.

2. Convening another BCR Ordinary General Shareholders Meeting during Q4 2020, under this context would not allow a different decision on the topic and consequently, would not be a constructive approach and would imply unnecessary costs given that there will be a further postponement of the decision until the next OGMS.

3. Erste Group Bank (EGB), in its quality of majority shareholder, in order to support BCR decided to defer a decision on dividend payment from BCR 2019 net profit to Q1 2021 after a new assessment of the matter will be done, and requested BCR Management Board to include the topic on the agenda of the planned Ordinary General Shareholders Meeting of BCR, namely on January 29th 2021.

Consequently, according to the majority shareholder’s request, BCR Management Board decided to include this topic on the agenda on the next Ordinary General Shareholders Meeting planned for January 29th, 2021 – to be called subject to and under the terms and conditions related to COVID – 19 pandemic state in force at the calling date.

2019

24th of April 2019

NOTICE REGARDING PAYMENT OF DIVIDENDS FOR YEAR 2018 BY THE ROMANIAN COMMERCIAL BANK (BCR SA)

Dividends Payment Notice BCR 2018

2018

25th of April 2018

NOTICE REGARDING PAYMENT OF DIVIDENDS FOR YEAR 2017 BY THE ROMANIAN

COMMERCIAL BANK (BCR SA)

Information on the distribution of dividends

Following the Decision of the Ordinary General Meeting of BCR SA shareholders no. 2 from April

25th, 2018 BCR SA announces the payment of dividends for financial year 2017 to BCR

shareholders starting with June 25th, 2018.

The value of the gross dividend per share is RON 0.0140354471.

The dividend tax will be withheld by BCR SA in accordance with the regulations in force at

payment date. For situations were a shareholder considers that he should be subject to a lower

tax rate or is fully exempt in accordance with the applicable legal regulations (double taxation

avoidance agreements, international agreements etc.) he will forward to the Romanian

Commercial Bank the documents proving the applicability of the legal provisions mentioned above

(including also the cited legal texts) until June 20th, 2018. The documents will be sent by e-mail to

the following address: DividendeBCR@bcr.ro

BCR SA reserves the right to decide to what extent the supporting documents are sufficient as

form and content for applying the tax invoked by the shareholders, having the option of requesting

additional information in order to prove the above mentioned.

Dividend payments will be made as follows:

Payment by bank transfer in case of individuals or legal entity shareholders holding a current

account in RON at BCR or opening a current account in RON at BCR until June 20th, 2018. There

is no need for the shareholder to notify the bank about the current account newly opened,

provided that the account opening deadline is not exceeded.

Payment in cash at any BCR branch by presenting identification documents such as: personal ID

/ passport, as the case may be, and if the cash withdrawal is requested by legal representatives a

notarial empowerment must be presented.

Bank transfers (to BCR/other banks accounts) and cash withdrawals at BCR counters will not be

charged by the bank at the time of payment. BCR does not assume any further expenses

generated by specific transactions requested by the shareholders and/or the fees/commissions

charged by the beneficiary’s bank (if other than BCR).

If the non-resident shareholders do not have a current account opened in RON at BCR, the

payment will be made in the accounts submitted by the shareholders to the e-mail addresses

communicated below by enclosing the following documents and payment details:

- Beneficiary’s name, IBAN code, Beneficiary’s bank, Swift/BIC code, Transfer currency,

Country;

- Valid ID copy and a copy of an account statement in order to validate the IBAN code and

account holder.

Payment of dividends to BCR shareholders for the financial year 2017 is subject to the general

provisions on prescription, being prescribed starting with 30 June 2021, respectively within three

years from 30 June 2018 (30 June 2021 being the last day in which 2017 dividends will be paid).

Additional information regarding:

- Dividends payment may be requested at the following e-mail address: DividendeBCR@bcr.ro

- BCR shareholders' register may be requested at the following e-mail addresses:

Melania.Smocot@bcr.ro; Mihaela.Prelipceanu@bcr.ro; Luminita.Tiganas@bcr.ro ;

Catalina.Voicu@bcr.ro or at the following phone numbers: +40373510418; +40373510419;

+40373510417; +40373510376.

19th of March 2018

BCR SA Supervisory Board announces a vacant position within the Supervisory Board starting with February 1st, 2018, as the mandate of Mr. Wilhelm Koch ended based on his resignation.

Therefore, the call notice for the General Shareholders’ Assembly will be sent for the meeting that will include on the agenda the appointment of a new member of the Supervisory Board. By that respective date of the General Shareholders’ Assembly, all the formalities and requirements related to the appointment and adequacy evaluation process will have been completed.

For further information, please contact the Group Secretariat Department of BCR SA at the following telephone numbers:

+40373510376

+40373510417

 

2017

Dear shareholders,

As part of the procedure for shareholders’ exit right, we hereby inform you that, on 20.03.2017, BCR received from the National Bank of Romania the prior approval on the redemption of its own shares having been subject to the exit requests submitted in the context of the merger approved by the Extraordinary General Shareholders’ Meeting on 23.11.2016.

Pursuant to art. 6.3.1 from the Procedure for Shareholders’ Exit From Banca Comerciala Romana S.A (approved by the BCR Extraordinary General Shareholders’ Meeting on 23.11.2016), we hereby inform you that the transfer of shares occurs automatically.

2014

BCR SA Supervisory Board announces two vacant positions within the Supervisory Board starting with December 1st, 2014, respectively January 1st, 2015 as the mandates of Mr. Florin Pogonaru and Herbert Juranek will cease. Therefore, starting with December 9th, 2014 the call notice for the General Shareholders’ Assembly will be sent for the meeting scheduled on January 29th, 2015.  The meeting agenda will include the appointment of two new members of the Supervisory Board.   By that respective date of the General Shareholders’ Assembly, all the formalities and requirements related to the appointment and adequacy evaluation process will have been completed.

For further information, please contact the Corporate Governance Department of BCR SA at the following telephone numbers:

  • 021.407.42.00
  • 037.351.03.64
  • 037.351.03.76

Investor relations

investor.relations@bcr.ro

 

Cristian Alexandru Spânu

Head of Rating Agencies and Investor Relations
phone: +40373515216
cristian.spanu@bcr.ro

 

Relations with BCR shareholders

 

Luminița Tigănaș
Direcția Juridică
Tel.: +40373510417
Luminita.Tiganas@bcr.ro


Catalina Voicu
Direcția Juridică
Tel.: +40373510376
Catalina.Voicu@bcr.ro