BCR, the biggest bank on the market posted 55.4 million lei(about 13 million euro) net profit in 2010, down by almost 77%compared with 2009, by Romanian accounting standards (RAS), whichrequire additional provisions compared with the internationalstandards (IFRS).
The year 2010 was extremely taxing for the managerial skills ofthe BCR management: the Executive Board run by CEO DominicBruynseels, which also includes the four vice-presidents: WolfgangSchoiswohl (corporate), Oana Petrescu (retail), Helmuth Hintinger(financial) and Michael Beitz (risk), had no less than 119 specialmeetings on top of the periodical 50.
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