12.22.2011

Romania is likely to draw funds from its precautionary loan agreement with the International Monetary Fund in 2012 because of scarce capital inflows, while other countries in central and eastern 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

12.01.2011

New types of deposits with maturities of two years and of eight months, mortgage loans meant to encourage financing in lei, supplying all branches with special machines for non-stop operations, the more

12.01.2011

Businessman Radu Enache, owner of the Continental hotel chain, sold the Ibis Hotel in Sibiu evaluated at EUR10 million in a sale&lease back deal, company officials say. The contract was signed with more

11.25.2011

The National Bank of Romania has abstained from criticism over the announcement of the Austrian supervisory authorities, while Erik Berglof, chief economist of the European Bank for Reconstruction and more

11.23.2011

Risk premiums in the region have jumped again, local financial markets have contracted and a wave of catastrophic predictions about euro zone banks cutting their financing shook Central and Eastern 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

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