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

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