Bucuresti, 29th November 2017 - Data management and model-based strategic risk management have become the two key elements of the banking business that will define the shape of banking industry’s future. To further strengthen the relevant initiatives and activities and to support their implementation, the Erste Group Holding Board adopted a series of organisational measures which also impact the Management Board of BCR.

Bernd Spalt, currently Chief Risk Officer of BCR, will take over as Chief Risk Officer of Erste Bank Austria and become the fourth member of the Management Board of the bank. In addition to his position as CRO at Erste Bank Austria, Bernd Spalt will coordinate all areas pertaining to strategic risk management at Erste Group Level. 

Michel Beitz, Chief Risk Officer and Chief Workout Officer at BCR between 2010 – 2014, returns to BCR to assume Chief Risk Officer responsibilities, starting with January 1st 2018.

Manfred Wimmer, Chairman of the Supervisory Board of BCR commented: “In the light of management changes at Erste Group level, we remain strongly committed to maintaining a solid Risk management process at BCR, considering the extraordinary efforts during the recent restructuring of the bank, as well as the continuity at top leadership level. Michael Beitz has spent significant time previously as CRO and CWO at BCR and has an excellent knowledge of the bank and the country. We welcome his certified experience in risk management across the region”. 

Sergiu Manea, CEO of BCR has commented: „I warmly welcome the return to BCR of Michael Beitz as a long-time member of our team. We have been working together in very challenging circumstances during the turnaround program at BCR and he has proven his experience and contribution. Today we are in a significantly better position and we are looking forward to continue the sustainable growth of BCR supported by a strong, united team. In addition to that, Bernd Spalt takes with him, in a key role at Erste Group, a first hand experience and engagement towards the development priorities of BCR. We are grateful for his exceptional impact and unparalleled dedication to BCR.”

All aforementioned appointments are subject of respective regulatory authorites approval.

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Banca Comerciala Romana (BCR), a member of Erste Group, is the most important financial group in Romania, including operations of universal bank (retail, corporate & investment banking, treasury and capital markets), as well as specialized companies on the leasing market, private pensions, housing banks and banking services. BCR is No. 1 bank in Romania by number of clients and No. 1 bank by savings and financing segments. BCR is the most valuable financial brand from Romania, considering the degree of trust of the clients and the number of people for whom BCR is the main banking institution.

BCR offers a complete range of products and financial services through a network of 22 business centres and 18 mobile offices for companies and 513 retail units located in major cities across the country with over 10,000 inhabitants. BCR is the No. 1 bank in Romania on the bank transaction market, BCR clients having available the largest national network of ATMs – over 2,000 ATMs and POSs – over 15,200 card payment terminals to merchants, as well as full service Internet banking, Mobile Banking, Phone-banking and E-commerce.

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Erste Group is one of the main financial service providers from the Eastern European Union. 46,700 employees serve 15.9 million clients in 2,700 branches from 7 countries (Austria, Czech Republic, Slovakia, Romania, Hungary, Croatia, Serbia). At the end of the third trimester of 2016, Erste Group had total assets in amount of EUR 206.8 billion, a net profit of EUR 1.18 billion, and also 1st rank common capital index (Basel 3 fully integrated) of 13.2%.

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BCR – External Communication 

Catalin Ionita, e-mail: georgecatalin.ionita@bcr.ro

This information is also available on our web page at: www.bcr.ro

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