03.11.2014

The net individual profit of UniCredit Tiriac Bank declined 57% in 2013, to 75.1 million lei (EUR16.6 million), RON138 million lower than the profit posted in the first nine months, following an more

02.13.2014

IFC, the private lending arm of the World Bank, has extended a $20 million trade credit line to Romanian lender UniCredit Tiriac Bank, in order to channel additional financing to the bank’s clients more

12.18.2013

Allianz-Tiriac Asigurari will end 2013 with revenues slightly higher than the RON900.2 million it posted in 2012 and will awing back to profit following a loss of RON42.7 million last year. more

12.04.2013

Profitability remains the main focus of Allianz-Tiriac in the coming period, after the insurer improved its profit rate in the first nine months of this year, Remi Vrignaud, the insurer’s general more

12.03.2013

Tiriac Leasing, part of Tiriac group, Tuesday announced it had granted financing worth a total EUR31 million, of which 95% targeted new and used cars, in the first nine months of 2013, up 10% from the more

11.27.2013

Loan interest rates in Romania are not likely to decline by much in the following period, because of a high level of risk costs in the banking system, particularly with non-performing loans, an more

11.27.2013

Romania’s economic performance is above the region average and the country could reach a growth potential of 4% to 5% a year until 2020, the head of ING Bank Romania said Wednesday. more

11.18.2013

Romanian insurer Allianz-Tiriac Asigurari registered underwritten premiums of 677.5 million lei (EUR152.2 million) in the first nine months of 2013, up about 1% on the year. more

11.12.2013

Romania’s UniCredit Tiriac Bank on Tuesday said its net profit rose 47.6% to 213.6 million lei (EUR48.5 million) in the first nine months, helped by higher revenue from lending and reflecting the more

10.14.2013

Romanian lender UniCredit Tiriac Bank has granted South African investment fund NEPI a EUR30 million credit line, the bank said Monday. more

09.30.2013

The private banking division of UniCredit Tiriac Bank has reached a portfolio of nearly 3,000 clients following the transaction completed earlier this month whereby the bank took over all the retail more

08.22.2013

Stejarii Country Club, developed by Romanian businessman Ion Tiriac in Baneasa Forest in northern Bucharest, will be completed this fall following an investment worth about EUR18 million. more

08.13.2013

Insurer Allianz-Tiriac Asigurari had revenues of RON464.6 million from general and life insurance premiums in the first half of the year, up nearly 1%, while its net profit rose 33.3%, to RON7.2 more

08.12.2013

Insurer Allianz-Tiriac Asigurari has signed a collaboration protocol with the Pool of Insurance Against Natural Disasters (PAID), which allows it to distribute mandatory home insurance policies, the more

08.12.2013

Leonard Leca, the new chief executive of Tiriac Holding, has for the first time talked to Business Magazin magazine about the businesses he runs and about how businessman Ion Tiriac came to appoint more

08.06.2013

Romania’s UniCredit Tiriac Bank on Tuesday said its net profit more than doubled on the year to 202.9 million lei (EUR46.2 million) in the first half, on higher revenue from fees and trading more

08.05.2013

Royal Bank of Scotland Romania has completed the transfer of its retail and royal preferred banking business to UniCredit Tiriac Bank, the two banks said in a joint statement Monday. more

07.30.2013

Romania’s UniCredit Tiriac Bank has appointed Mihaela Lupu as chief financial officer to replace Stanislav Georgiev, whose mandate has expired. more

07.19.2013

Tiriac Holdings has appointed Dana Barbulescu as the group’s new marketing manager, to replace Valentin Safta who decided to leave the company. more

06.21.2013

Romanian UniCredit Tiriac Bank has raised 550 million lei (EUR121 million) at a five-year corporate bond sale ended Friday, the bookrunner on the deal said in a statement. more

06.19.2013

Romanian lender UniCredit Tiriac Bank has set a coupon of 6.35% on its five-year bond issue launched June 14. more

06.17.2013

Romanian lender UniCredit Tiriac Bank funded around 100 small and medium-sized businesses with a total EUR25 million through the Joint European Resources for Micro to Medium Enterprises (JEREMIE), more

06.13.2013

Romanian UniCredit Tiriac Bank will launch on June 14 a five-year corporate bond issue in a bid to raise 500 million lei (EUR111.5 million), the bank said in a statement Thursday. more

06.12.2013

Interest rates on leu-denominated loans will stay high due to weak economic performance, the head of UniCredit Tiriac Bank said Wednesday. more

06.12.2013

Romania’s UniCredit Tiriac Bank, a unit of Italy’s banking group UniCredit, will launch in June a five-year corporate bond issue in a bid to raise 500 million lei (EUR111.2 million), the bank’s more