05.29.2013

Romanian insurer Allianz-Tiriac Asigurari, part of German group Allianz, posted revenues from underwritten premium of RON241.5 million in the first quarter of 2013, up 5% on the year, and an operating more

05.27.2013

UniCredit Tiriac Bank expects it will recover about 80%, or EUR17.2 million, of a EUR22 million loan granted to the Spanish developers of insolvent residential compound Alia Apartments in Bucharest, more

05.10.2013

UniCredit Tiriac Bank, the Romanian arm of Italy’s UniCredit, Friday said its first-quarter net profit rose 166.4% on the year to 60 million lei (EUR13.7 million) in the first quarter, on 16% higher more

05.09.2013

Cristian Ionescu, former chief financial officer at Allianz-Tiriac Asigurari, took over as chief operations officer on May 1, replacing Daniela Grigore, the insurer said Thursday. more

03.25.2013

Romanian lender UniCredit Tiriac Bank reported revenues from factoring operations of EUR796.5 million last year, similar to the level registered in 2011. more

03.18.2013

Romania’s UniCredit Tiriac Bank, a unit of Italy’s banking group UniCredit, plans to launch its first corporate bond issue in the second half of the year, most likely as part of a larger medium more

03.15.2013

Romania’s UniCredit Tiriac Bank posted a 9.4% increase in its pretax profit to EUR46 million in 2013, helped by lower provisions for bad loans, the mother bank said Friday. more

03.05.2013

Romanian insurer Allianz-Triac Asigurari posted revenues from underwritten premiums of 908.9 million lei in 2012, up 0.3% on the year, and the company’s operating profit nearly halved, to RON6.5 more

02.25.2013

The privatization of a state-run company can be done even with one leu, one euro or even by paying an investor, but what counts the most is a company’s profitability and its long-term impact on the more

01.22.2013

Romanian insurer Allianz-Tiriac Asigurari Tuesday said it named Virgil Soncutean, former member of Allianz Group OPEX management, as the company’s sales and distribution head, instead of Ileana more

01.07.2013

UniCredit Tiriac Bank granted a EUR16.5 million loan to Romanian liquid petroleum gas (LPG) distributor Crimbo Gas International. more

11.13.2012

Romania’s UniCredit Tiriac Bank on Tuesday said its net profit rose 18.4% to 146.8 million lei (EUR33.1 million) in the first nine months, helped by lower provisions for bad loans. more

09.16.2012

Omniasig, Allianz-Tiriac and Asirom - the three major insurers which are not part of the scheme that covers against natural hazards - are negotiating their entry into the shareholder structure of more

09.14.2012

The European Investment Bank is considering extending a financing line of up to EUR150 million to Romanian UniCredit Tiriac Bank for on-lending to small- and medium-sized enterprises. more

08.08.2012

Romanian insurer Allianz-Tiriac Asigurari said Wednesday its profit before tax (BPT) stood at 7.4 million lei (EUR1.6 million) in the first half of 2012, up 34% compared with the similar interval a more

08.03.2012

Romania’s UniCredit Tiriac Bank on Friday said its net profit fell 19% to 75 million lei (EUR16.13 million) in the first half, hurt by higher operating costs and lower revenue from interests. more

07.04.2012

Maurizio Volcich will take over as head of UniCredit Tiriac Bank's retail division, replacing Emanuele Butta, who has been appointed head of retail and executive vice-president of UniCredit Bank more

06.28.2012

Romanian insurer Allianz-Tiriac Asigurari will have a new CEO, Remi Vrignaud, starting in August, as the current manager, Rangam Bir, will join the Allianz group's regional management team in more

06.08.2012

Daniel Antor was appointed chief executive of Tiriac Auto, part of Tiriac Holdings and the largest network of dealers on the Romanian market, on Thursday, company officials said. more

06.01.2012

Romania’s UniCredit Tiriac Bank will integrate the operations of its brokerage arm UniCredit CAIB Securities in a move to optimize the use of its local resources, the lender said in a statement more

05.22.2012

Romanian subsidiaries of foreign insurance companies should rely more on their own efforts and less on potential capital inflows from shareholders who are highly unlikely to keep operating capital more

05.18.2012

Romanian insurer Allianz-Tiriac’s underwritten life and non-life insurance premiums fell 10% on the year in the first quarter to 230 million lei (EUR51.7 million) and its pre-tax profit rose to over more

05.10.2012

Romania’s UniCredit Tiriac Bank on Thursday reported a first-quarter net profit of 24.1 million lei (EUR5.6 million), down 26.6% on the year. more

03.21.2012

Romania’s UniCredit Tiriac Bank on Thursday said its net profit slid 7% to 159.4 million lei (roughly EUR38 million) in 2011, on higher operating costs and lower revenue from interests. more

02.27.2012

Romanian insurer Allianz-Tiriac Asigurari’s revenues from underwritten general and life insurance premiums stood at 906.3 million lei (EUR208.2 million) in 2011, down 12% on the year, and its more