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

11.14.2011

Italian group UniCredit on Monday announced a pretax profit of EUR33 million in Romania for the first nine months, down 45% from EUR59 million in the same interval of 2010. more

10.31.2011

Dan Pascariu, chairman of the Supervisory Board of UniCredit Tiriac Bank, believes the Romanian government lacks the money to create or buy a large bank that can make a difference on the market. more

10.17.2011

Romanian banking profitability is likely to continue its decline through 2011, due to increasingly high costs, while the small, less specialized banks could even shut their doors, the head 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

Italy’s UniCredit is ready to boost the capital of its Romanian subsidiary UniCredit Tiriac Bank to meet potential lending growth, but a final decision will be made together with its local more

10.13.2011

Italy’s financial group UniCredit plans to invest over EUR100 million in 300 new branches in Romania over the next years, the group’s general manager Roberto Nicastro said Thursday. 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

10.05.2011

Romania’s funding needs will remain high next year, as UniCredit analysts estimate it will reach EUR22.4 billion, EUR5.7 billion (34%) higher than this year. more

09.14.2011

Romanian brokerage firm UniCredit CA-IB Securities appointed Ioana Tanase as general manager, starting Wednesday, replacing Liviu Giugiumica who resigned in May, people close to the matter told more

09.12.2011

UniCredit Leasing, which controls a third of the leasing market, is tapping the used car market with a major project, taking over the former complex built by AAA Auto at the entrance to the 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

09.01.2011

Romanian grains and fertilizer trader Ameropa Grains Constanta (CCRL.RO), former Comcereal, on Thursday said it seeks funding worth at most EUR48.2 million from UniCredit Tiriac. more

08.18.2011

The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are seeing their 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

08.03.2011

Italian banking group UniCredit posted pretax profit in Romania of EUR25 million in the first half, down 39% on the year, the group said in its financial report Wednesday. 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

07.25.2011

Romanian companies have already depleted over two thirds of the European structural funds that target the private sector, with up to EUR1 billion remaining by the end of the allocation period in 2013, more

07.22.2011

Fitch Ratings has affirmed its rating on Romanian lenders Banca Transilvania (TLV.RO), UniCredit Tiriac Bank and ProCredit Bank Romania, the agency said in a statement Friday. more

07.20.2011

Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market. more

07.08.2011

UniCredit Tiriac Bank has filed a petition requesting the insolvency of Avrig 35 and Avrig Asset Management, after having lent them more than EUR70 million over time for real estate projects initiated more

07.08.2011

The Romanian economy could use the conditions generated by the crisis to come up with stronger local companies, capable of achieving the status of “national champion”, as well as operate abroad more