08.03.2012

Romania’s UniCredit Tiriac Bank on Friday said its net profit fell 19% to 75 million lei (EUR16.13 million) in the first half, hurt by higher operating costs and lower revenue from interests. more

07.04.2012

Maurizio Volcich will take over as head of UniCredit Tiriac Bank's retail division, replacing Emanuele Butta, who has been appointed head of retail and executive vice-president of UniCredit Bank more

06.26.2012

Italy’s UniCredit Tuesday revised down its forecast on Romanian economic growth to 0.5% in 2012 from 1.2% previously, saying it expects foreign demand to weaken further due to the worsening climate more

06.01.2012

Romania’s UniCredit Tiriac Bank will integrate the operations of its brokerage arm UniCredit CAIB Securities in a move to optimize the use of its local resources, the lender said in a statement more

05.31.2012

UniCredit Tiriac Bank might soon announce the closing of the brokerage firm UniCredit CAIB Securities, which it fully owns, and integration of the brokerage operations into a department of the bank. more

05.18.2012

A potential exit of Greece from the eurozone is unlikely to have a significant impact on the Romanian economy, a senior official of Italy’s banking group UniCredit said Friday. 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

03.28.2012

Romanian lender UniCredit Tiriac Bank is interested in issuing covered bonds, depending on legislation and costs, as a method to obtain long-term financing, the bank’s chief executive officer Rasvan more

03.28.2012

Romanian lender UniCredit Tiriac Bank freed up some 550 million lei (EUR125.7 million) from its provisions by switching to international financial reporting standards (IFRS) from the local standard more

03.27.2012

Italian UniCredit Group on Tuesday announced a 15.3% year-on-year drop in the pretax profit seen last year in Romania, to EUR42 million, from EUR49 million in 2010. 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

03.14.2012

Romanian second largest oil group Rompetrol NV, a unit of Kazahstan’s KazMunayGas, has signed a five-year $200 million syndicated loan agreement with a consortium of banks led by Italy’s UniCredit 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

02.07.2012

Developer AFI Europe, member of AFI Group, received funding worth EUR13.4 million from UniCredit Bank Austria, to develop the first of five buildings within the AFI Business Park Cotroceni project in more

01.19.2012

Foreign direct investments in Romania will remain subdued in 2012, amid increasing risk aversion in international markets and political uncertainty on the local market, Italy’s UniCredit said in a more

01.19.2012

External financing could prove costly for Romania in the first half of 2012 and the country may have to tap into a EUR5 billion loan made available through a precautionary program from the more

01.18.2012

The governor of the central bank of Austria, Ewald Nowotny, says publicly he does not intend to drastically restrict the position of Austrian banks in the region, but unofficially continues to press more

12.22.2011

Italy’s UniCredit estimates Romanian annual inflation rate will reach 4.5% in December 2012, outside the central bank’s target range of 2%-4%, because of a negative effect of food prices. more

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