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Erste Group writes down Romanian unit BCR
January 15, 2013 / 9:42 AM / 5 years ago

Erste Group writes down Romanian unit BCR

VIENNA, Jan 15 (Reuters) - Austrian bank Erste Group is writing down its goodwill by 300 million euros ($401 million), mainly for its Romanian subsidiary BCR, it said on Tuesday.

Erste said it expected to post a net profit of about 450 million euros for 2012 as a result of the writedown and the recently announced disposal of its Ukranian subsidiary, but would propose a dividend for 2012. ($1=0.7482 euros) (Reporting by Georgina Prodhan; Editing by Greg Mahlich)

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