05.29.2014

Insurer Allianz-Tiriac had a net profit of RON88.6 million, of which RON18 million were distributed as dividends to shareholders. more

05.14.2014

After having sold its retail business and a set of non-performing corporate loans in 2013, UK's Royal Bank of Scotland now has a branch with a small market share left in Romania. more

05.12.2014

Financial group UniCredit Tiriac Bank, which includes the fourth bank in Romania by assets and consumer finance company UniCredit Consumer Financing, had a net profit of RON72.1 million (EUR16 more

05.05.2014

Financial group UniCredit Tiriac Bank, which includes the fourth bank in Romania by assets and consumer finance company UniCredit Consumer Financing, aims to increase the volume of loans granted to more

04.29.2014

Romania is faring better than he would have thought, one can feel a positive balance that is hard to find in many other parts of Europe, it’s clear the worst has been left behind and this is a good more

04.14.2014

Leu and euro-denominated loan costs have become comparable, but the Romanian central bank needs to carefully monitor the volatility of interbank market interest rates so that foreign currency risks more

04.09.2014

UniCredit Tiriac Bank had factoring operations of EUR812 million last year, up some 2% from 2012, and increased its market share on this segment to 30% as the local factoring market declined 6%, to more

04.04.2014

Romania’s UniCredit Tiriac Bank plans to acquire 99.99% in sister company UniCredit Leasing Romania for 66.87 million lei (about EUR15 million). more

03.19.2014

Romanian insurer Allianz-Tiriac Asigurari, part of German group Allianz, estimates its underwritten premiums will exceed 950 million lei (EUR211.1 million) this year, up 2.5% from RON926.5 million in more

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