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

02.20.2012

Romanian used car dealer Tiriac Autorulate on Monday said nearly 95% of the company’s legal entity customers chose last year to buy cars via financial or operating lease system. more

02.08.2012

Fitch Ratings Wednesday affirmed the long-term issuer default ratings of Romanian UniCredit Tiriac Bank at 'BBB+', while revising its outlook to negative from stable, the ratings agency said in a more

01.12.2012

Ion Alexandru Tiriac, son of Romanian billionaire Ion Tiriac, says he wants to expand the activity of Tiriac Holdings to new sectors which are recording significant increases, such as the agriculture. more

12.18.2011

Astra, Allianz-Tiriac, Omniasig and Groupama – the top four insurers on the Romanian market – are worth about EUR630 million together, according to the "Top 100 most valuable companies in more

12.13.2011

The European Investment Fund and Romania’s UniCredit Tiriac Bank have signed a guarantee agreement under the Joint European Resources for Micro to Medium Enterprises (JEREMIE) initiative, allowing more

11.28.2011

Romanian insurer Allianz-Tiriac Asigurari underwrote premiums worth 672 million lei (EUR154 million) in the first nine months of the year, down 16% compared with the same period of 2010, and paid more

11.22.2011

Erste Group, UniCredit Bank Austria, and Raiffeisen Bank International-- the respective owners of Romanian lenders BCR, UniCredit Tiriac Bank and Raiffeisen Bank Romania--will only increase lending in more

11.15.2011

UniCredit-Tiriac Bank will freeze its expansion plans in 2012 to focus on drawing more resources from the local market and increase profitability, chief executive Rasvan Radu said Tuesday. more

11.15.2011

Romanian lender UniCredit Tiriac Bank on Tuesday reported a 43% year-on-year drop in its nine-month profit, to 122 million lei (EUR29 million), as harsh economic conditions and legislation changes more

10.21.2011

Businessman Ion Tiriac has decided to remove the chief executive officer position from the organizational chart of his holding company for the first time in ten years, delegating the responsibility of more

10.15.2011

The uncontrollable dynamics of the current economic crisis naturally causes fear, but the Western Europe will ultimately find solutions and avoid a catastrophe, even though costs may be high, says Dan more

10.13.2011

Fitch Ratings Thursday affirmed its long-term issuer default rating on Romanian UniCredit Tiriac Bank at ‘BBB+’, with stable outlook, following the placement of Italy’s UniCredit group rating of more

10.06.2011

UniCredit Tiriac Bank, the fifth largest lender in Romania, has gained trust to resume branch opening. However, the spectacular plan of opening 300 units in five years announced in late 2010 was more

09.06.2011

Tiriac Holdings' car sales last year fell by nearly 30% against the preceding year, to almost EUR337 million, according to ZF calculations based on data published by the Finance Ministry. The figure more

09.05.2011

Steel pipe maker TMK Artrom Slatina (ART.RO) will contract three loans worth a total EUR55 million, from UniCredit Tiriac Bank and Banca Comerciala Romana, to refinance other loans and secure working more

08.16.2011

Romanian insurer Allianz-Triac Asigurari’s underwritten premiums decreased 15.2% in the first half of the year compared to June 2011, to 460.3 million lei (about EUR107.7 million), mainly due to a more

08.10.2011

Shareholders of Romanian paper and cellulose producer Vrancart Adjud (VNC.RO) Wednesday approved the contracting of a loan worth EUR6 million from UniCredit Tiriac Bank, for financing a production more

08.04.2011

Romania’s UniCredit Tiriac Bank on Thursday said its net profit fell 36.6% to 94 million lei (EUR22.6 million) in the first half, on higher operating costs and lower revenue from interests. more

07.29.2011

Romanian steel pipe maker TMK Artrom Slatina (ART.RO), part of Russian steel group TMK, Friday said it plans to take out loans worth a total EUR60 million from UniCredit Tiriac Bank and Banca more

07.22.2011

Tiriac Holdings, the group of companies controlled by billionaire Ion Tiriac, an almost EUR1 billion business operating in automotive, real estate, financial and aviation industries, has started a new more

06.27.2011

Cristian Constantinescu, one of the most respected insurance experts, endorsed by the ruling Democratic Liberal Party for the position of chairman of insurance regulator CSA this autumn, is more