Treichl would like Erste stock at 120 euros

Erste Bank (EBS) shares began trading on the Bucharest Stock Exchange (BSE) at 141.9 RON yesterday, up 2% against the reference price of 139.1 RON set by the BSE, based on the preceding day’s closing price on the Vienna Stock Exchange. During the session, Erste’s share price fluctuated between 140 and 142.9 RON and finally closed at 141.8 RON, just below the opening price. A total of 247 transactions involving Erste shares took place, worth a total of over 3 million RON (830,000 euros). Andreas Treichl (photo), Erste Bank CEO, continues to encourage BCR employees to buy Erste shares. “It depends on how each person stands individually. If they have the means to invest, then this is an excellent opportunity to do so. I think the price will soon climb to 42 euros, and even to 60 euros, but what we really want to see is 120 euros, which will eventually happen.” Treichl reveals that the bank would prefer to find a Romanian for the position of CEO of BCR, but believes that nationality talk is overrated. “In fact, the nationality of the future CEO should not be a major issue, and I don’t think it would be a big problem if the bank were led by a foreigner, as is the case with many large banks”, he explains. According to Treichl, BCR is the largest bank in Romania,” but we must work hard to be the best, in order to convince our clients that we are the best”.