BCR Chisinau moves to new head office

“The move to a new office is a first step towards implementing the new development strategy of BCR Chisinau. We hope the experience we gained during many years and the international experience will help us provide real support both to our clients and to the Moldovan economy in general,” the executive president of the Chisinau branch of Banca Comerciala Romane Sorin Andrei said at the inauguration of the new office, Info-Prim Neo reports. The new head office of BCR Chisinau is located in the center of Chisinau, at 60/2 Pushkin St. “The financial group Erste (Austria), which in 2006 acquired a major holding in BCR SA (which is the only owner of BCR Chisinau – e.n.), promotes a balanced business model and helps the clients develop in difficult conditions of market economy,” said Dominic Bruynseels, the head of the Supervisory Board of BCR Chisinau and executive president of BCR. Attending the inauguration, Prime Minister Vlad Filat said the relations between Moldova and Romania returned to normality. He stated that he knows well the world of business, underlining that the partnership between the Government and the business environment is designed not only to strengthen the economy, but also to build a democratic state. “The competition is very important in the political and economic reforms that we launched,” he said. Contacted by Info-Prim Neo, Dumitru Ursu, the head of the Banks Association of Moldova, said it is good that BCR Chisinau found money to build a new office and outfit it with modern information technologies and to train the personnel. He voiced hope that BCR Chisinau will play an important role in the lending sector, especially in lending to companies that need long-term loans. BCR Chisinau started work in October 1998 with a registered capital of 24 million lei. Now its capital totals 342.7 million lei. Erste Group is one of Central and Eastern Europe's foremost financial services group, with 3,000 branches in eight European counties. Its assets are €201.7 billion. In 2009, the Group made a net profit of 903.4 million.