Press Releases
UniCredit: The board of directors approves the strategic guidelines
15.12.2010
The new heads of CEE, Family & SME, Family & SME Italy Network and Human Resources have been appointed
Four main pillars for the strategic guidance:
- Confirmation of the Group’s solid strategic platform, which is unique in Europe
- International positioning enhancement to the benefit of clients and territories
- Active management of asset allocation in favour of those areas with greatest expected return
- Recovery of profitability and efficiency, and organizational simplification
The Board of Directors Appoints four internal managers in key positions
After the meeting from December 14th, UniCredit’s Board of Directors has approved the Group’s strategic guidelines, which are based on four main pillars, to be presented to the financial community by summer 2011.
The future development will benefit from the solid strategic platform having unique characteristics in Europe, from the wide European network of commercial banks, from the high number of clients and from the offer of high quality products and services supplied by the Group’s product companies.
The guidelines confirm UniCredit’s focus on clients and on the territories in which it is present, which will benefit from the relation with a bank having strong international presence and diversified know-how. UniCredit’s positioning in terms of business area composition and geographic presence provides the Group with important opportunities to significantly recover profitability also through an active management of asset allocation and ensures competitive advantage with respect to European competitors, in particular in all cross-border activities.
Central and Eastern Europe will be an important area of growth for UniCredit and will experience a progressive increase of the capital allocated in the following years. In this region, the Group will pay great attention to those countries having greatest expected return. The same selective approach will guide the business reassessment in those countries where UniCredit’s positioning does not allow an adequate level of profitability or critical mass.
The Corporate & Investment Banking division proves to be a fundamental pillar in the Group’s strategy and the approved strategic lines foresee its consolidation also through significant investments. The improvement of profitability will also pass through a recovery of efficiency, obtained through an organisational simplification which will render the capacity to meet client requests quicker and will further favour the closeness to territories and the understanding of their needs.
The actions to recover efficiency foresee in particular:
- A strong focus on restructuring and relaunching of activities in Italy and Germany, also by leveraging on the One4C project;
- The increase of productivity of risk weighted assets (RWA), also thanks to the growth of activities, which absorb a low level of capital like in the case of Asset Gathering;
- Consolidation of cross-selling activities by paying special attention to cross-border services, aimed at positioning the Group as a European leader in Trade Finance;
- The substantial reduction of cost of risk;
- The Corporate Centres’ downsizing, with a greater focus on business service.
In order to simplify the organisational structure, the Board has approved the proposal to include Leasing and Factoring activities under the competences of the General Manager, while Global Transaction Banking will be part of Corporate and Investment Banking.
As we move towards a more coherently defined regulatory framework and a more stable economic and financial environment, the management team will continue to work on a detailed plan, which will quantify the Group’s medium-term objectives and which is expected to be presented by next summer.
The Board of Directors has furthermore appointed the new Heads of UniCredit’s CEE, Family & SME, Family & SME Italian Network, and Human Resources Department Divisions. The appointments resolved upon by the Board enhance internal talents, who have grown within the Group also through international experience, as a proof of UniCredit’s capacity to create a strong top management line.
In particular, Gianni Franco Papa has been appointed as Head of the CEE Division, which was covered by Federico Ghizzoni until his appointment as CEO. Gianni Franco Papa will report to the General Manager. Born in Milan, 54 years old and Law graduate, Gianni Franco Papa started his career back in 1979 in the former Credito Italiano. In February 2008, he was appointed as General Manager of Ukrsotsbank in Ukraine and, in October 2010, he moved to Bank Austria, in Vienna, to cover the position of Head of CIB CEE.
The new office as Head of the Family & SME Division, whose set-up has been proposed to the Board of Directors today, will be held by Alessandro Maria Decio, who will directly report to the General Manager. Alessandro Maria Decio, 44 years old, was born in Milan and obtained a Master in Business Administration at INSEAD in Fontainebleu. After having worked in London as Director of the European Bank for Reconstruction & Development, in 2000 he entered UniCredit as Head of Strategy, Planning and M&A for New Europe. Decio continued his experience as Chief Operating Officer of Zagrebacka Banka in Croatia and and then in Bulbank in Bulgaria. He has been the COO of Yapi Kredi in Turkey since 2007.
The Board of Directors has furthermore appointed Frederik Geertman as Head of the Family & SME Italy Network. To date, this office has been held ad interim by Gabriele Piccini, Country Chairman Italy, who will be able to fully focus on his main role. Frederik Geertman, 40 years old, graduate in Chemical Engineering and having a Master in Business Administration at INSEAD in Fontainebleu. Frederik Geertman has been working in the Group since 2003 and has developed sound experience in the distribution channels. Effective as from the merger with Capitalia back in 2007, he has been the Head of the Retail Marketing & Segments.
Paolo Cornetta has been appointed as the Group’s Human Resources Director, substituting Rino Piazzolla, who will leave UniCredit in the following weeks to pursue new professional challenges. Paolo Cornetta, 49 years old, has a degree in Law, has obtained a Master in Business Administration at Università Bocconi in Milan and has developed long professional experience in the Human Resources sector. After having been the New Europe HR director and, subsequently, the Head of Executive Development & Compensation, he has held the office as Head of HR
Family & SME since July 2009 and has recently held the office as HR Italy Director. UniCredit also communicates the appointment ofGiuseppe Scognamiglio as Head of Institutional and Regulatory Strategic Advisory in replacement of Carmine Lamanda, who has terminated his working relationship as an employee of UniCredit. Giuseppe Scognamiglio, 47 years old, has a degree in Law and has started his diplomatic career in the Italian Ministry of Foreign Trade in 1989 – he has since then worked in many high profiles roles, being a Diplomatic Adviser of Cabinet Ministers from 1999 to 2001, and then being in charge of the policy of support for the internationalization of the Italian economic system. In 2003 he joined UniCredit as Head of Institutional and International Affairs, his current job to date.
Prize winners of UniCredit Literary Debut Contest launch their works at Gaudeamus International Book Fair
19.11.2010
Bucharest, 19 November 2010 - The books which were awarded prizes at the 2010 UniCredit Literary Debut Competition, initiated by Catalist Association and UniCredit Tiriac Bank will be launched today by Humanitas Publishing House at the 17th edition of Gaudeamus International Book Fair - Learning Book. The event will take place at 5 p.m., at Humanitas bookstall, within the Central Pavilion of Romexpo.
The third edition of UniCredit Literary Debut Contest has attracted the participation of over 120 manuscripts, for the three sections: poetry, short stories and novel. The selection of the works has been done by a specialised jury which included Liviu Papadima (Professor, Doctor in Philology, Dean of the Faculty of Letters, University of Bucharest), Paul Cernat (literary critic, publicist, university lecturer at the Faculty of Letters, Bucharest) and Marius Chivu (editor-publisher at Dilema Veche and Dilemateca).
This year’s winners were: Laurentiu Ion from Bucsani Village (Dambovita county), winner of the POETRY section, with the volume "Destula pace pentru un razboi" (Enough peace for a war), Adrian Buzdugan from Braila, winner of the SHORT PROSE section, with the volume "Capela excomunicatilor" (The excommunicates’ chapel) and Catalin Pavel from Bucharest, winner of the NOVEL section, with the volume "Aproape a saptea parte din lume" (About one seventh of the world).
"For me, this debut represents a quiet joy; which came at a suitable age, the age at which I am not aiming for the vain glory any more, but for the opportunity to speak up!", said Adrian Buzdugan, the winner of the short prose section. "For the others, for the young authors, it is an Event: the old editorial ways can be overrun by such a project as that initiated and supported (for three years already!) by UniCredit Tiriac Bank and Catalist Association. It is a proof that we can write real literature, without being forced to make any concession, and that your works can be published!"
"An extraordinary chance, by means of which the texts written in the volumes can really come to life. Or, why not, the end of a cycle, of an important part of my life, and at the same time, a new beginning", declared Laurentiu Ion, author of the volume Destula pace pentru un război.
"To make your debut as a writer does not only mean to give the others access to what happens in the factory/library/pub of your mind (after all, this is a questionable interest), but it opens the world for you, it makes it exist more strongly, it is as if you could hear the music "louder". To hold in hands my own book, something which is out of me, means to give something back to me - which is not only a professional, but also an existential opportunity ", outlined Catalin Pavel, winner of the novel section.
"We have initiated with literary contest three years ago, because we were convinced we can do something real and support young authors in that moment in their career when they really need support", said Anca Nuta, Director Identity & Communication within UniCredit Tiriac Bank. "We are at the same time partners, readers and promoters of the winning works. Our satisfaction is that through this project we succeed in making the most beautiful dreams of writers come true, which is to be discovered and to be able to see their own books in bookstores and libraries".
"I am very glad we can give this natural signal and the hope that we can contribute with as much as we can to setting up a hierarchy based on values! I congratulate the winners and thank everyone who helped this project achieve its purpose", stated Cristina Guseth, director of Catalist Association.
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UniCredit Tiriac Bank
UniCredit Tiriac Bank is a financial institution whose cultural and artistic sponsorship activities put an accent on visual arts, covering at the same time musical and literature domains, thus continuing UniCredit’s tradition. The bank sustains financially the first independent centre for arts and culture opened under the name of PAVILION UNICREDIT, being, at the sane time, a strategic partner for the Bucharest International Biennial for Contemporary Art. The cultural and artistic part of UniCredit Tiriac Bank’s strategy for ethics and responsibility materialize in long term projects, as George Enescu International Festival and Competition and UniCredit Literary Debut Competition.
About Catalist Association
Catalist Association was established in 2007 with the aim of promoting Romanian culture, the book in general, as well as of supporting future Romanian writers. Its main activities include: developing partnerships with Romanian publishing houses for book reviews; promoting books among readers - by means of www.bibliofagia.ro website; book reviews; developing and maintaining partnership relationships with the local media in order to promote the reviewed books; publishing book reviews in the local media. Among the activities developed there are also: UniCredit Literary Debut Contest initiated in partnership with UniCredit Tiriac Bank, which aims at supporting writers whose works have not been published until now; the serial novel, published exclusively online, written by five young Romanian prose writers - a literary experiment which benefits from the public participation.
UniCredit & Universities Foundation is supporting a young Romanian talent to attend a prestigious Master Programme in Italy
17.11.2010
Bucharest, November 17th 2010 - Dorina Damsa is the winner of the Scholarship for the Master in European Studies organized by the LUISS School of Government and funded by UniCredit & Universities Foundation
Dorina Damsa, from Bucharest, 25 years old, was selected among fifty-five young talent coming from all over Europe. She stood out from her peers for her impressive academic studies and experiences. She achieved her International Relations and Strategic Studies in the Netherlands at Utrecht University and in the United Kingdom at the University of Saint Andrews, she carried on her research in human rights at the University of Utrecht and she did an internship at NATO, in Brussels.
Thanks to UniCredit & Universities scholarship, Dorina will have the possibility to attend the one year Master programme in European Studies in Rome so having the chance to become a future expert in European affairs. As part of the programme, she will have also the opportunity to visit the experts at the European Commission in Brussels. Thanks to the academic and professional skills gained during this master course Dorina will certainly be able to start a career within European institutions, national government institutions, private sectors, NGOs and International public policy research centres. Indeed, most of the LUISS School of Government network of alumni are currently holding leading positions in several national and international organisations and in the private sector.
The LUISS School of Government is an innovative centre for scientific and professional training, the first in Italy, one of the few in Europe.
"Funding this initiative, says Giannantonio De Roni, Secretary General of the Foundation, UniCredit & Universities once more testifies its commitment investing in the future and supporting the best students and researchers from all over the European perimeter of UniCredit Group in the fields of economics and finance".
Among with Dorina Damsa, five young people from Azerbaijan, Hungary, Italy, Russia and Turkey will be granted scholarships for the university year of 2010-2011 at LUISS School of Government.
UniCredit & Universities Foundation
UniCredit & Universities Foundation is a non-profit organization that enables young European students in economics and finance to reach their true potential by financing their ongoing studies and research through several scholarships and awards. UniCredit & Universities participates in this way to the education of the best European talent, funding only those deserving students who are committed with perseverance and dedication to the goals and values of the Foundation and the Group.
UniCredit Tiriac Bank
UniCredit Tiriac Bank is a financial institution whose cultural and artistic sponsorship activities put an accent on visual arts, covering at the same time musical and literature domains, thus continuing UniCredit’s tradition.
The bank sustains financially the first independent centre for arts and culture opened under the name of PAVILION UNICREDIT, being, at the sane time, a strategic partner for the Bucharest International Biennial for Contemporary Art. The cultural and artistic part of UniCredit Tiriac Bank’s strategy for ethics and responsibility materialize in long term projects, as George Enescu International Festival and Competition and UniCredit Literary Debut Competition.
UniCredit Tiriac Bank obtains RON 215-million net profit in the first nine monhts of 2010
10.11.2010
November 10, 2010 - UniCredit Tiriac Bank displayed a net profit of RON 215 million (EUR 52 million) according to the International Financial Reporting Standards (IFRS) in the first nine months of the current year, 15% less as compared to the result obtained in the similar interval last year. The annualized return on equity (ROE) amounted to 12.4%, and the return on assets (ROA) amounted to 1.5%.
The bank registered revenues of RON 1.023 billion (EUR 245 million) in the first nine months of the current year, 15% more as compared to the similar interval of 2009. Operational expenses only went up 1% as compared to the first nine months of last year. The cost and revenue ratio continued to improve, up to 41.8%.
The solvency rate is at the comfortable level of 12.6% according to RAS.
"The fiscal consolidation measures adopted in July this year, although necessary, had a significant negative impact over consumption, investments and economic evolution in general. Long-lasting recession and revenues drop among the population have serious effects over the banking system, in terms of asset quality and revenues”, Rasvan Radu, CEO of UniCredit Tiriac Bank stated.
Assets volume amounted to RON 20.2 billion (EUR 4.7 billion) at the end of September this year, 1.2% more as compared to September 30, 2009. The balance credit portfolio has gone up 13% since the beginning of the year, up to RON 13.3 billion (EUR 3.1 billion), the rate over the average of the banking system.
Clients' deposits amounted to RON 9.5 billion lei (EUR 2.2 billion). The credit risk had gone up, but remains below the average of the banking system, in which delays over 90 days in the payment of the instalments amounts to 11.5%. The coverage with provisions of the portfolio has gone up to 7.1% according to IFRS.
Total consolidated assets of UniCredit Tiriac Bank, UniCredit Leasing Corporation and UniCredit Consumer Financing amounted to RON 23.4 billion (EUR 5.5 billion) at the end of September 2010. The bank's share capital amounts to RON 2.4 billion (EUR 565 million). The Group's net consolidated profit amounted to RON 191 million (EUR 46 million) in the first months of 2010.
The UniCredit Group observed its commitments assumed under the Vienna Initiative, maintaining its total exposure before Romania above the limit agreed upon with the international financial institutions an continuing to actively support Romanian economy.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the biggest banking group in Central an Eastern Europe. UniCredit Tiriac Bank is a true "one-stop-shop" offering financial services, with a number of 526,000 active clients, and 234 branches. In Romania, the group offers a wide range of specialized products and services with the help of its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Financing (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank launches first UNICEF affinity card in Romania
10.11.2010
- UniCredit Tiriac Bank S.A donates to UNICEF, from the bank's revenues, the amount representing 1% of the value for each transaction performed with the UNICEF affinity card with traders
- Moreover, the bank will also transfer to UNICEF 50% of the annual fee of the UNICEF product package
- The UNICEF affinity card is available as credit and debit card
Bucharest, November 10, 2010 - UniCredit Tiriac Bank introduces the first affinity card launched together with UNICEF in Romania. The product, issued on the MasterCard platform, addresses to all clients that by using the UNICEF affinity card with traders want to support the UNICEF initiative regarding the creation of mother-child hospital rooms in Romanian maternities. By the endowment and furnishing of maternities also supported by the training of the medical staff, they could enter the Baby-Friendly Hospital initiative and become breast feeding promotion centres.
"The card's mechanism is very simple: UniCredit Tiriac Bank donates from the bank's revenues the amount representing 1% of the value of each transaction performed with the UNICEF affinity card with traders, without any additional cost for the holders'” according to Bogdan Spuza, Marketing and Segment Manager of UniCredit Tiriac Bank. '”ard owners will know exactly what amount was offered by donations in their name to UNICEF, because they will receive monthly-updated information from the bank. Moreover, we have decided that 50% of the annual fee of the UNICEF package to also be transferred to UNICEF."
The UNICEF affinity card is available as credit and debit cards. Both product types offer to their holders the possibility to perform Internet transactions and obtain information about their balance directly from the ATM. Cards are embossed, they have the chip technology incorporated, they can be used both nationally and internationally. They can also be enrolled for free in the 3D Secure system in order to perform secured transactions on the Internet.
"The UNICEF affinity card shows how the programme of transformation of the Romanian maternities can be constantly supported, helping the UniCredit Tiriac Bank clients to donate without making any additional financial effort. They can donate only by paying their purchases with this card, as they would do with any other normal debit or credit card”, Cosmin Vladimirescu, Country Manager for Romania and Moldavia, MasterCard Europe says. ”We are happy that this product, with a generous mission addressing very acute social problems, is also made under the MasterCard brand and we can also valorise through it the vast experience we have accumulated on the local co-branded affinity card segment.”
The minimum revenue necessary for the release of the UNICEF credit card is RON 1,000. The credit limits is RON 30,000, but not more than the equivalent of three net salaries. The grace period may be 56 days, and the minimum monthly amount to be repaid only represents 5% of the used amount.
The UNICEF affinity card is supported by Andreea Marin Banica, as Goodwill Ambassador for UNICEF in Romania.
"Beautiful selfless gestures are even more admirable when made in a difficult period that challenges us all”, Andreea Marin Banica says. "It is a sentiment of special fulfilment to know that you are a chain link in a huge chain of humanity. A routine gesture, such as the card payment with a trader, can change into well the life of a child and can provide a healthy development to him/her."
"The UNICEF - UniCredit Tiriac Bank card represents a premiere for the Romanian market and for us”, Edmond McLoughney, UNICEF Romania representative stated. "UNICEF Romania will use the collected funds to expand the Baby-Friendly Hospital network. The children born in these maternities will have the best start in life, they will be healthier, more intelligent and more emotionally-balanced. Mothers will be happier, and the health system will spend less for their care. The UNICEF objective is for all Romanian maternities to adopt Baby-Friendly practices on a long term.”
Full details about the UNICEF affinity cards are available at all UniCredit Tiriac Bank branches, on www.unicredittiriac.ro or www.spitalprieten.ro.
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About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the biggest banking group in Central and Eastern Europe and one of the biggest in Europe. UniCredit Tiriac Bank is a real 'one-stop-shop' of financial services that 520,000 active clients are now benefiting from through 234 branches. In Romania, the group offers a wide range of specialized products and services through its partners.
About UNICEF
UNICEF is present in Romania and other 150 countries and territories in order to promote child survival and development, from early childhood to adolescence.
In Romania, UNICEF supports children's rights through health and nutrition programmes, quality education and child protection against violence, negligence and HIV/AIDS. UNICEF is fully supported financially by voluntary contributions of individuals, corporations, foundations and governments.
About MasterCard Worldwide
As a top payment company, MasterCard Worldwide is the chore of commerce. MasterCard is a franchiser, processor and advisor in the payment industry and supports trade, providing a major economic link between financial institutions, authorities, companies, traders and card holders in the world. In 2009 consumers globally generated a gross transaction volume of USD 2.5 trillion on products issued under the company's brands. With the support of MasterCard Worldwide Network - the world's fastest payment-processing network - MasterCard annually processes over 22 billion transactions and has the capacity to manage 140 million transactions hourly, with an average duration of 140 milliseconds and accuracy of 99.99. MasterCard promotes global commerce through its brand family including MasterCard®, Maestro® and Cirrus®, through its basic products - credit, debit and prepaid - and through its innovating platforms and functionalities such as MasterCard PayPass™ and MasterCard inControl™. MasterCard serves consumers, authorities and companies of over 10 countries and territories. For further information, access www.mastercard.com. Follow us on Twitter: @mastercardnews.
UniCredit Tiriac Bank has a new manager responsible for the Retail Division
02.11.2010
Emanuele Butta (44 years old) was appointed on the 1st of November 2010, head of the retail Division of UniCredit Tiriac Bank, replacing Zoltan Major, who will hold a position at regional level within UniCredit group.
Previous to the taking over of these new responsibilities, Emanuele Butta was Head of CEE Retail Sales within UniCredit group and he coordinated the implementation of several projects, both in Romania, as well as in other countries where the group carries out its activity, such as Russia, Serbia, Czech Republic and Kazakhstan.
Emanuele Butta joined UniCredit in 1992, during the 18 years occupying various positions in the Retail division in Italy and at group level. Butta waits for the approval of the National Bank of Romania (NBR) for the confirmation in the position of Executive Vice-president responsible for the Retail Division.
Zoltan Major has occupied the position of Executive Vice-president of the Retail Division of UniCredit Tiriac Bank starting from 2007, and now he is to take over a management position at regional level.
UniCredit & Universities Foundation awards EUR 30,000 for the best doctoral dissertations on European integration
04.10.2010
UniCredit & Universities Foundation has launched the first competition for 6 CEE Best PhD Thesis Award aimed at all young PhD graduates from the 19 Eastern European countries belonging to the geographical scope of our Group.
The prizes will be awarded to 6 outstanding doctoral dissertations in economics, political economy, banking or finance on European integration issues. Two prizes will be assigned to dissertations on migration, two will be assigned to dissertations on development and demography, while the last two are unrestricted (to be assigned to any other topic). The PhD dissertations must be written in English and have been examined within the 18 months period up to 30 June 2010 (i.e. from 1 January 2009 up to 30 June 2010).
UniCredit supports performance and professional excellence at any level, both within the Group and within the local communities where it activates. By this contest we wish to recognize those principles among the European academic community as well.
Applications must be sent by the deadline of December 31, 2010.
The new ERGO Oportun, live insurance with investment possibility through the S&P 40 BRIC index
04.10.2010
UniCredit Tiriac Bank, in collaboration with UniCredit Bank AG Munchen and ERGO Asigurari de Viata launch the ERGO Oportun product, an Index Linked live insurance providing the possibility of investment depending on the evolution of the Standard & Poor’s 40 BRIC Index.
The Standard & Poors 40 BRIC index takes into account the evolution of the most important 40 companies of the countries abbreviated as BRIC (Brazil, Russia, India and China). These companies are transacted on reputed international stock markets (London, Hong Kong, NYSE, NASDAQ) and observes the transparency standards of these markets.
The composition of the index takes into account the domains that these countries are well-known to have a great economic impact for: natural resources, energy, financial services. Economists estimate that the BRIC economies will dominate world economy in the future.
The investment in ERGO Oportun starts from the minimum amount of EUR 3,000. The subscription interval ends on November 30, 2010.
Product benefits:
- The invested capital is guaranteed 100% by UniCredit Bank AG Munchen, a financial institution with international reputation, member of the UniCredit Group and issuer of these transferable securities
- A Bonus of 10% of the invested amount shall be paid by the issuer if upon maturity the value of the SP 40 BRIC index exceeds the original value at the 10 assessment dates
- Participation in the evolution of the SP 40 BRIC index (weighted), an index with a major increase over the past few years, an index developed by the prestigious financial rating company Standard&Poor’s
- Life insurance along the contract duration of at least 110% of the invested money
- Great potential gains by the participation in the fast growth of the BRIC economies
- Guarantee upon maturity of 100% of the invested capital provided by UniCredit Bank AG Munchen
- Possibility to increase income by the participation in the benefits provided by the increase of the S&P BRIC 40 index
- Flexible method of optimization of the risk-profitability relation
- Professional asset management by UniCredit Bank AG Munchen
- Possibility to sell before maturity at the current market value
- For the protection of your beloved persons, life insurance of at least 110% of the invested capital in case of death
- Minimum investment of only EUR 3,000, Sole Premium
- The trust provided by the collaboration of two big European financial groups: UniCredit and ERGO
- Associated deposit: Oportun
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the greatest baking group in Central and Eastern Europe and one of the biggest in Europe. UniCredit Tiriac Bank is a real ‘one-stop-shop’ of financial services of which 520,000 active clients benefit currently through its 234 branch offices. In Romania, the group provides a wide range of specialized products and services also through its partners.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of UniCredit Group, the largest banking group in Central and Eastern Europe and one of the largest in Europe. UniCredit Tiriac Bank is a true "one-stop-shop" for financial services, currently serving 520 thousand active customers through its 234 branches. In Romania, the bank is providing a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
About UniCredit
UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 50 markets, approximately 9,600 branches and more than 162,000 employees at 30 June 2010. UniCredit Group is market leader in Central and Eastern Europe, where it is one of the largest players in the banking market, with an extensive network of approximately 4,000 branches.
The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
About the ERGO Group
With premium income amounting to € 19 billion, ERGO is one of the major insurance groups in Europe. Worldwide, ERGO is represented in more than 30 countries and concentrates on Europe and Asia. In Europe, ERGO is no. 1 in the health and legal expenses insurance segments, and in its home market of Germany it is among the market leaders. Over 50,000 people work full-time for the Group, either as salaried employees or as self-employed sales representatives.
ERGO offers a wide spectrum of different types of insurance and investment products, striving to be the permanent no. 1 choice for all provision and insurance needs of its clients. Over 40 million customers urrently place their trust in the services, expertise and financial strength provided by ERGO and its affiliate companies. In Germany, 20 million customers trust powerful brands of the ERGO Group such as D.A.S., DKV, Hamburg-Mannheimer, KarstadtQuelle or Victoria.
ERGO is part of the Munich RE Group, one of the world's leading reinsurers. Under the umbrella of Munich RE, both primary insurer and reinsurer capitalize on opportunities to turn risk into value. The investments undertaken by Munich RE amounting to approximately € 182 billion - of which € 113 billion are accounted for by ERGO - are managed by the experienced MEAG, a joint asset management and fund company. Munich RE holds 99.69% of the ERGO Group. ERGO Asigurari de Viata SA is fully owned by the ERGO Group.
Federico Ghizzoni appointed new chief executive officer of UniCredit
01.10.2010
The Board of Directors of UniCredit SpA, today in Warsaw, has unanimously co-opted and appointed Federico Ghizzoni as new CEO of the Group. As CEO, Federico Ghizzoni is a member by right of both the Permanent & Strategic Committee and the Corporate Governance, Human Resources & Nomination Committee of UniCredit.
Federico Ghizzoni, 55, has served as Deputy CEO of UniCredit and Deputy CEO of Bank Austria. In 1980, he joined UniCredit (at that time Credito Italiano) and has since worked for the company while serving, among other places, in the UK, Singapore, Turkey and Poland. In July 2007, he was appointed Head of Poland's Markets Division at UniCredit, Head of CEE Banking Operations and Board Member responsible for the CEE Banking Division at Bank Austria AG. Ghizzoni played a major part in the development of UniCredit's CEE franchise, strengthening the bond between UniCredit and the Group's major CEE markets. Under his auspices, UniCredit was named "Best Bank in CEE" by the magazine The Banker in 2009.
When considering the candidacy of the new CEO, the Nomination Committee took a number of qualifications into account, including strong leadership, capacity of teambuilding, an excellent understanding of international financial services, organizational skills and deep knowledge of the company structure. The Board of Directors came to the unanimous conclusion that Ghizzoni met all of the criteria, making him the best person to assume the role of Chief Executive Officer of UniCredit.
Dieter Rampl, Chairman of the Board of Directors of UniCredit, commented.
"Federico has a deep knowledge of the Group and a strong reputation, internally and externally. His constant and close interaction with policymakers, regulators, international organizations and market participants makes him ideally suited for managing UniCredit’s relations with all key stakeholders. This is particularly important during these times, when regulatory and institutional frameworks are still evolving, and financial markets remain exposed to possible swings in volatility. Furthermore, his impressive qualities as both a leader and a team player will enable him to leverage UniCredit’s strong human capital to the maximum benefit of all our stakeholders.”
Chairman Rampl added: “Federico will continue to advance UniCredit's position as a leading European bank - a position that was maintained under the leadership of his predecessor, Alessandro Profumo. His appointment as CEO further underscores our long-term commitment to Central and Eastern Europe, a region with strong growth potential. Moreover, his deep understanding of our Italian home market and his extensive international experience make him the best person to lead UniCredit through a challenging economic and financial environment that is becoming increasingly and irreversibly globalized."
As Federico Ghizzoni himself stated:
"I am honored to have been asked by the Board to be the Chief Executive of UniCredit. Having served 30 years in the Group, I am enthusiastic to confront the challenges ahead. As an international bank with a strong foothold in 22 countries and a European focus in terms of management, products, customer services and market access, UniCredit is uniquely positioned to support the financial needs of our global customer base. It is an exciting task to build upon UniCredit’s position and I look forward to working with the Management Team to realize the enormous potential of our Group."
Together with the new CEO the Board will study in the coming weeks the best leadership model for the Group and a proper allocation of functions, taking into account the professional skills and excellencies of the individuals in the management-team, who have most contributed to the successful development of the Group.
UniCredit Tiriac Bank entered into a convention with RCS & RDS for the payment of invoices
30.09.2010
UniCredit Tiriac Bank entered into a convention with RCS & RDS, in order to facilitate the payment of invoices issued by the telecommunication operator via the bank’s channels.
"The partnership with RCS & RDS enables our clients to save time, by using modern payment methods that are convenient and safe, such as bank transfer, card or the multifunctional machines provided by the bank", said Simona Boteanu, Head of Cash Management & E-banking within UniCredit Tiriac Bank.
Thus, the following channels for payments are available:
Cash:
- At any cash desk of the bank, by showing the invoice
- At the Non-Stop Banking Multifunctional ATM’s, by scanning the barcode on the invoice
Bank card:
- in the ATM network of the bank, by using only cards issued by UniCredit Tiriac Bank
Bank transfer:
- For bank transfers, the UniCredit Tiriac Bank clients who use the OnlineBanking / BusinessNet systems have customized payment templates at their disposal, containing a series of pre-filled details, in order to facilitate the buyer to enter the data.
RCS & RDS is committed to provide its clients with full accessibility to complete and modern ways for invoice payment, and the recent possibility to pay the invoices through UniCredit Tiriac Bank is an important step in the company's projects, initiated to reach this goal.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of UniCredit Group, the largest banking group in Central and Eastern Europe and one of the largest in Europe. UniCredit Tiriac Bank is a true "one-stop-shop" for financial services, currently serving 520 thousand active customers through its 234 branches. In Romania, the bank is providing a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
Argus Contracts RON 8.5-million Loan From UniCredit Tiriac Bank
28.09.2010
UniCredit Tiriac Bank has granted a RON 8.5-million loan to Argus, one of the leaders of the national oil manufacturers’ market, for the financing of its current activity.
"Argus is a representative player on the vegetal oil industry of Romania, both in terms of its market share, production capacities and technical endowment, the quality of its products being well-known. We shall continue to be close to our clients, in order to support them in both their daily activity and for a sustainable development of their businesses", Razvan Cristian, Regional Director of UniCredit Tiriac Bank stated.
"We want to consolidate our image of reliable business partner at the national and international level, well-known for our professionalism and quality in the manufacturing and sale of vegetal oils. In this sense, UniCredit Tiriac Bank turned out to be in its turn a valuable partner for us, especially considering the difficult market context", Vasile Leu, president of CA Argus stated.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the greatest baking group in Central and Eastern Europe and one of the biggest in Europe. UniCredit Tiriac Bank is a real ‘one-stop-shop’ of financial services of which 520,000 active clients benefit currently through its 234 branch offices. In Romania, the group provides a wide range of specialized products and services also through its partners.
About Argus
The Argus oil plant was founded in 1943 as S.A.R. Argus, with Romanian private capital, based in Constanta. In 1948 it was nationalized and its corporate name was changed into Intreprinderea Industriala de Stat Argus, subsequently Intreprinderea de Ulei Constanta. Argus SA Constanta was incorporated as a trading company in 1991, becoming a company with fully local private capital at the end of 1996, representing a success of the MEBO privatization method. Argus is listed on the Rasdaq capital market since 2002.
UniCredit: Decisions of Board of Directors
22.09.2010
The Board of Directors of UniCredit and Alessandro Profumo have, upon the guidance expressed by the Board, agreed that, after 15 years, the time is right for a change of leadership.
Therefore, Mr. Profumo offered his resignation as CEO of UniCredit, which was accepted by the Board of Directors. The Board thanked Mr. Profumo for the excellent results achieved.
In particular, the Board underscored that under Alessandro Profumo’s leadership the company has developed from a purely domestic player into one of Europe’s leading banking groups. The market capitalization has risen in this period from €1.5 Billion to approximately €37 Billion. Even during the global financial crisis,
UniCredit remained profitable in every quarter. With these achievements and with ongoing strategic projects like "One 4C" the way has been paved for a successful and sustainable future of the Group.
Until a new CEO is appointed, the Board has transferred temporarily the executive powers to Chairman Dieter Rampl, who supported by the Deputy CEOs, will lead the Group.
Furthermore, the Board has transferred Mr. Rampl the mandate to identify and propose Mr. Profumo’s successor within the coming weeks.
Mr. Profumo thanked the Board, shareholders and all the colleagues of the Group for their longstanding support during his tenure.
UniCredit Tiriac Bank and Asociatia Ateliere Fara Frontiere donated computers to 800 children and students in the country
09.09.2010
UniCredit Tiriac Bank in collaboration with Asociatia Ateliere Fara Frontiere organized the first edition of UniCredIT. Under this project, the bank donated 100 refurbished computers to 18 projects developed by associations and communities in the entire country. The 800 beneficiaries, most of them students, live in areas with no access to computers or Internet.
The association Ateliere Fara Frontiere refurbished the IT equipment and installed Microsoft community licensed software on the computers.
Anca Nuta, Identity & Communication Director, UniCredit Tiriac Bank: “UniCredIT is a new project to involve us in the communities in which we function. It is even more special as our colleagues in the bank took part in it, identifying the projects aimed at helping the children and students in the country gain access to information using the computer."
Raluca Gheorlan, Executive Manager, Ateliere Fara Frontiere: “For us, the UniCredIT project put into practice one of the three missions of our organization: fight against wastefulness and pollution for a sustainable development. According to the Eurostat survey published in September 2009, 43% of the families in Romania in 2007 did not afford to buy a computer and over 72% of the computers were located in companies and institutions. We found that UniCredit Tiriac Bank is an extremely socially responsible partner who chose to support the disadvantaged areas in the country by offering the needed IT equipment. We consider this project an important step in our mission to lessen the disparities in what concerns the availability of IT equipment in the country.”
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 520.000 active customers, through 234 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
About Ateliere Fara Frontiere Romania
In 2009, Asociatia Ateliere Fara Frontiere in collaboration with Samusocial Romania, with the support of the European Social Fund, opened a workshop for social and occupational integration and fight against social exclusion, offering a job to whose in need, as a starting point for employment and also offering customized support: advice, vocational counseling, training/qualification and facilitating employment on the labor market. The IT equipment intended for social projects is refurbished in the workshop, a useful job for the occupational integration employees.
UniCredit Tiriac Bank has a new Executive Vice-President in charge of Corporate Division, namely Mr Gianfranco Bisagni
31.08.2010
Gianfranco Bisagni (52 years) is the new Executive Vice-president for the Corporate Investment Banking & Private Banking (CIB&PB) Division and a member of the Management of UniCredit Tiriac Bank, after receiving the communication from the National Bank of Romania, for the appointment of this position.
He overtook the management of CIB&PB Division beginning April 2010.
Before joining UniCredit Tiriac Bank team, he was Chief Manager UniCredit Hong Kong Branch & Head of Corporate Banking Asia Pacific in UniCredit Group. His experience in UniCredit cumulates 32 years of banking activity, including top positions in UniCredit New York Branch and UniCredit Chicago Representative Office.
The following persons are also part of the management of UniCredit Tiriac Bank: Mr. Rasvan Radu, CEO / the Bank’s Executive Manager, Mr. Stanislav Georgiev, CFO / Executive Vice-president, Mr. Zoltan Major, Executive Vice-president, in charge of the Retail Division, Mrs. Daniela Bodirca, Executive Vice-president of the Risk Division, Mr. Septimiu Postelnicu, Executive Vice-president, responsible of Global Business Services (GBS) and Mrs. Alina Dragan, Executive Vice-president, responsible of HR Division.
UniCredit Tiriac Bank has a new Executive Vice-president, in charge of the Human Resources Division, namely Mrs Alina Dragan
26.08.2010
Starting from august, Mrs. Alina Dragan is the vice-president in charge of the Human Resources Division, and a member of the Management of UniCredit Tiriac Bank, after receiving the communication from the National Bank of Romania, for the appointment of this position.
In this capacity, she will supervise the achievement of the human resources objectives of UniCredit Tiriac Group in Romania.
With an experience of eight years in this field, Alina Dragan is coordinating the Human Resources department of UniCredit Tiriac Bank for over a year, in the capacity of Executive Manager, after having previously occupied different managerial positions in this field of activity, as part of the bank's team.
Alina Dragan is a graduate of the Faculty of Psychology, in Bucharest, and is holder of a Master’s Degree in Cognitive-Behavioral Psychology, awarded by the same institution.
Furthermore, she is a member of the Romanian Psychologists' Association and of the National Association of Human Resources Specialists.
The following persons are also part of the management of UniCredit Tiriac Bank: Mr. Rasvan Radu, CEO / the Bank’s Executive Manager, Mr. Stanislav Georgiev, CFO / Executive Vice-president, Mr. Zoltan Major, Executive Vice-president, in charge of the Retail Division, Mrs. Daniela Bodirca, Executive Vice-president of the Risk Division and Mr. Septimiu Postelnicu, Executive Vice-president, responsible of Global Business Services (GBS).
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 520.000 active customers, through 234 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank Offers Discounts to Customers in Elmec Romania Stores
05.08.2010
All UniCredit Tiriac Bank’s indivuduals that use credit or debit cards have a 7% discount from their purchases made in Elmec Romania stores, one of the most important national retailers for sports articles and fashion.
The collaboration with Elmec is part of an extended discount program that the bank is undertaking with more than 200 partners in the country, program through which the customers receive discounts of up to 20% from the purchase value.
"For us is very important to offer our customers benefits that respond to their needs, and the discount program allows card users to save money. At the same time, they can enjoy the benefits of secure, easy to use, payment instruments and that do not imply any additional cost for paying at traders", said Bogdan Spuza, Marketing and Segment Manager with the Retail division of UniCredit Tiriac Bank.
UniCredit Tiriac Bank’s loyalty program is intended for debit and credit card owners and provides discounts of up to 20%, whether we talk about hotels, restaurants, travel agencies, car rental agencies or beauty parlors & spa. The complete list with partner stores can be accessed at www.programreduceri.ro.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the biggest banking group in Central an Eastern Europe. UniCredit Tiriac Bank is a true "one-stop-shop" offering financial services, with a number of 516,000 active clients, and 238 branches. In Romania, the group offers a wide range of specialized products and services with the help of its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Financing (UCFin) and UniCredit Business Partner.
About Elmec Romania
Elmec Romania is one of the most important players on the local fashion and sports market and currently has 52 monobrand and multibrand stores of which 24 exclusive Nike stores, two Converse stores, fife multibrand stores – developed under the Famous Brands Gallery concept, a KIX multibrand footwear store, a Star Place multibrand store, nine monobrand fashion stores (Calvin Klein, Calvin Klein Jeans, Miss Sixty & Energie, Pepe Jeans London, Marlboro Classics), three Folli Follie stores, four outlets, as well as three monobrand fashion stores in the Republic of Moldova.
UniCredit Tiriac Bank reports RON 148mn Net Profit in 1H 2010
04.08.2010
August 4th 2010 - UniCredit Tiriac Bank reports RON 148mn (EUR 36mn) net profit under IFRS in 1H 2010, 18% lower compared to the same period of last year. Annualized ROE is 13% and ROA is 1.5%. Net profit under RAS for the same period is RON 31mn (EUR 7,5 mn).
The bank reports RON 657mn (EUR 158,4 mn), revenues in 1H 2010, up 10% year-on-year. Operating expenses are at the level of last year. Cost-to-Income ratio further improved to 43%. Solvency ratio is comfortable at 12.3% under RAS. The net operating profit is up 18% year-on-year, covering 1.9 times the net loan provisions for the period.
"The first 6 months of this year reconfirmed the trend of the first quarter of low market demand and growing risk costs. Nevertheless, our performance and overall financial situation remains solid. After state budget consolidation actions undertaken just recently we do not expect rebounding of the economy earlier than 2011.", said Rasvan Radu, CEO UniCredit Tiriac Bank.
The balance sheet total reached RON 20.5bn (EUR 4.7bn), up 5% compared to a year ago and at the level of 2009-end. Total outstanding on-balance-sheet loan portfolio increased 11% year-to-date to RON 13.4bn ( EUR 3.07 bn ), better than the system. Customer deposits reached RON 9.4bn (EUR 2,15 bn), 10% lower year-to-date. Credit risk went up, yet better than the system. Over 90-day defaults reached 10.9%. Loan provision coverage of the on-balance-sheet portfolio grew up to 6.1% under IFRS and 9.8% under RAS.
The consolidated total assets of UniCredit Tiriac Bank, UniCredit Leasing Corporation and UniCredit Consumer Financing on a pro-forma lin-by-line consolidated basis were RON 23.5bn ( EUR 5,4 bn ) at the end of June 2010. The shareholders’ equity was RON 2.3bn ( EUR 554,5 bn ). The consolidated 1H 2010 net profit of the group was RON 137mn ( EUR 33 mn).
UniCredit Group fulfilled its commitments under the Vienna agreement, maintaining its exposure to Romania at the benchmark level and continuing to actively support the Romanian economy.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of UniCredit Group, the largest banking group in Central and Eastern Europe and one of the largest in Europe. UniCredit Tiriac Bank is a true "one-stop-shop" for financial services, currently serving 520 thousand active customers through its 234 branches. In Romania, the bank is providing a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
The voices of a new generation: Winners of Born in 89 essay competition to be named
22.07.2010
Vienna, 22 July 2010
Award ceremony and launch of publication on 6 September
UniCredit and the EBRD will announce the winners of its "Born in '89" essay competition at a discussion event and award ceremony on 6 September 2010, 18.00hrs, at the EBRD's Headquarters in the presence of the six successful contestants from Eastern Europe.
UniCredit together with the EBRD and the Financial Times, launched the competition last year as the world was commemorating the 20th anniversary of the Berlin Wall on 9 November 1989. The aim was to discover how the young generation in the CEE region had witnessed and coped with the political and social changes of the past 20 years and to directly hear their hopes and expectations as well as their concerns for the future.
To celebrate the achievements of the young writers from Eastern Europe UniCredit and the EBRD will also launch a special publication with the 24 best essays which have been selected by an international jury chaired by acclaimed Ukrainian novelist Andrei Kurkov.
Included in the publication are the essays of the six winners of the competition who will be announced on 6 September during a panel discussion with Mr Kurkov and representatives of project partners. First prize is a week's internship at the Financial Times' editorial headquarters in London. Further prizes are awarded by UniCredit.
There was strong interest in the competition and some 600 essays from throughout the CEE region were submitted. The contributions reveal the aspirations and fears of a whole new generation that was born after the fall of the Iron Curtain two decades ago. The quality of much of the prose was extraordinary, full of insight and thoughtful observation.
Submissions for Writing for CEE possible until the end of July
16.07.2010
- Award for excellence in journalism with 5,000 euro prize money
- Contributions may be submitted until 31 July 2010
- The emphasis is on contributions which focus on borders and prejudices within Europe in varied ways and help overcome them
Journalists from all over Europe are invited to submit their work for the prestigious "Writing for CEE" journalism prize by 31 July 2010. The prize is being awarded for the seventh time by Bank Austria, a member of UniCredit Group, and APA – Austria Press Agency. It is aimed at encouraging journalistic writing on issues related to Europe and European integration. The award goes to contributions that cover Europe, everyday life in European countries, European art, culture or lifestyle in distinct and varied ways and make a contribution to overcoming borders and prejudices.
Journalists still have time until the end of the month to submit articles that were published between 1 August 2009 and 31 July 2010. Transcripts of radio and television programmes as well as online articles are also eligible and welcome. The winner will be announced and presented at the end of 2010 during a gala event in Vienna and receive the prize money of 5,000 euros.
Requirements for submission are: the article in the original language, an English translation, the submission form and the author’s curriculum vitae. Detailed information and the submission form for "Writing for CEE" can be downloaded from the Internet at.
About UniCredit Group
UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, approximately 9,800 branches and more than 165,000 employees at 31 December 2009.
UniCredit Group is market leader in Central and Eastern Europe, where it is one of the largest players in the banking market, with an extensive network of approximately 4,000 branches.
The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
UniCredit named Best Sub-Custodian Bank in Central and Eastern Europe
09.07.2010
In its World’s Best Sub-Custodian Banks 2010 survey, Global Finance magazine awarded UniCredit Group for its achievements in Central and Eastern Europe. The US-based financial magazine selected UniCredit as Best Sub-Custodian Bank in Central and Eastern Europe. Furthermore, UniCredit scores number one in Austria and Croatia.
The recent success with Global Finance is the latest of a series of top ratings attributed by the media to the Investors Service’s product line of UniCredit this year, with number one positions achieved in the surveys of Global Custodian and Global Investor earlier this year. “We have made it to the top in each possible custody survey this year, underpinning UniCredit Group’s leading role as a reliable expert for post-trade procedures", commented Attila Szalay-Berzeviczy, Global Head of UniCredit Group’s Global Securities Services.
UniCredit Group’s Global Securities Services operates in 14 Central and Eastern European countries (including Austria) via UniCredit’s own banking network. It is the biggest provider of securities safekeeping services in the region, for assets under management, for market share as well as for the size of its regional network.
The Group has been active in this business since beginning of the 1990’s, always having played a pioneer role in the development of the securities markets of the region. The team consists of 230 industry experts across Central and Eastern Europe.
About UniCredit
UniCredit's Corporate & Investment Banking gives companies, from small and medium Corporates to multinationals and institutional clients, access to the largest network of banks in Central and Eastern Europe, as well as to branches in major financial centers worldwide. The successful collaboration between our network’s relationship managers and specialists in our product lines (Financing & Advisory, Markets, Leasing, Global Transaction Banking) enables UniCredit to respond promptly to our clients’ entrepreneurial requirements. Thus, UniCredit supports the growth and internationalization of the Group’s corporate and institutional clients, creating sustainable value for all stakeholders.
Global Transaction Banking of UniCredit combines the local expertise of more than 2,000 professionals with the experience of a sophisticated global transaction bank, offering a diverse and proven set of core competencies in the fields of Cash Management and eBanking, Trade Finance, Supply Chain Management, Structured Trade and Export Finance and Global Securities Services. UniCredit Group is the largest transaction bank in the heart of Europe. Many international awards demonstrate this. Thanks to an international network comprising more than 10,200 branches in 22 countries plus 4,000 correspondent banks in 50 countries around the globe, UniCredit Group serves more than 400,000 corporate customers worldwide.
UniCredit Tiriac Bank was the sponsor of the Finance section of the Young Journalist of the Year awards for a seventh time in a row
08.07.2010
On Thursday, July 1st 2010, within a ceremony taking place at the Romanian Cultural Institute, UniCredit Tiriac Bank awarded the winner of the 12th edition of the "Young Journalist of the Year" contest, organized by Freedom House Romania and Edipresse AS Romania.
For each of the six sections in the contest (Culture / IT&C and Technology / Internal Latest Issues / Finance / Foreign Policy and European Affairs / Environment), the grand jury selected three nominees for each category (except for the Internal Latest Issues, where four nominations were made), of which the RON 4,000 Grand Prize Winner was subsequently selected.
At the Finance section, supported by UniCredit Tiriac Bank, the winner was Florin Rusu from Saptamana Financiara (The Financial Week).
Journalists were appointed winners of the "Young Journalist of the Year - 2009" contest after a jury process that looked at the journalistic technique, the writing, the analysis capacity. Both the documentation accuracy, as well as the capacity of identifying subjects of public interest, were also important criteria in selecting the nominees and, subsequently, the winners.
Pension Package from UniCredit Tiriac Bank Provides Profitable Interest on Account Amounts
06.07.2010
UniCredit Tiriac Bank released the Pension Package, a product through which customers benefit of a 3% interest per year for the account amounts. In addition, the bank does not charge any commissions for card usage, so that money withdrawals from UniCredit Group ITM-s are free, the same being valid for using the card to pay invoices or shopping.
The Pension Package from UniCredit Tiriac Bank includes the following:
- current account
- debit card, with no annual administration charge
- free of charge withdrawals from UniCredit Group ITM-s
- free of charge card transactions for paying invoices or shopping
- online b@nking
- direct debit
- telephone service
Another important benefit is the time saved, considering that utility invoices payment can be made both by Direct Debit service, and by telephone, with the help of “Telephone Service”, online using “Online B@nking” or using the ATM.
"Telephone Service" enables the customers to check by a simple phone call any information related to personal accounts or to perform various transactions.
UniCredit Tiriac Bank also provides benefits for opening and managing savings accounts and deposits, the corresponding costs being included in the package for the existing customers.
The annual cost of the package is 12 RON and there are no additional charges for activating or managing the products included in the package.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 516.000 active customers, through 238 branches.
We are a performant company who appreciate performant employees. We offer a wide range of products and specialized services through our network and our partners, which means that we offer multiple posibilities to our employees to develop within UniCredit team.
In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank - ACCA approved employer
30.06.2010
UniCredit Tiriac Bank was granted the ACCA Approved Employer title by the Association of Chartered Certified Accountants (ACCA), the world's most famous professional association in the financial-accounting domain. This certification offers international recognition for the training and development standards UniCredit Tiriac Bank provides to its employees in Romania. The bank is part of a small number of employers in the financial-banking domain in Romania that enjoy the ACCA official recognition at this level of good professional practices in the training and professional development field.
Following the ACCA assessment, UniCredit Tiriac Bank was granted the "Trainee Development Stream Gold" and "Professional Development Stream" certificates. The "Trainee Development Stream Gold" certification recognizes the good practices in the provision of learning opportunities and support provided to the ACCA students employed by the bank that want to obtain a ACCA certification. The second certification obtained, "Professional Development Stream" is recognition of the fact that the bank provides to the ACCA members of its team a sustained effort for their continuing professional development. Among the most important benefits that the certification confers to the bank’s employees - students and ACCA members - there is the reduction of the documentation necessary to attend the courses, an internal mentorship program dedicated to them and flexibility with regard to the training period for the 14 mandatory exams necessary to obtain the ACCA diploma.
"The ACCA Approved Employer certification is an official recognition of the concrete support we provide to our colleagues that want to improve their skills and reach the highest professional qualification standards in the financial-accounting domain. We are an efficient company that values efficient employees.", Alina Dragan, Executive Human Resources Manager of UniCredit Tiriac Bank stated.
Andreia Manea, ACCA Manager for South-Eastern Europe stated: "ACCA’s purpose is to offer first-degree qualifications to dedicated people that want a successful career in the financial-accounting domain as well as in management. We want to offer our members the necessary knowledge and training in order to become leaders or major companies in any business sector. At the same time, we want them to be endowed with the necessary qualities in order to give value to the companies they are working for. For this purpose, very important is the role of our partners, the ACCA approved employers whose practices for the training and evaluation of their employees creates excellent learning and professional development conditions."
"We are delighted to have among these partners companies such as UniCredit Tiriac Bank, the banking domain being one of the ones in which, in ACCA’s opinion, the existence of employees that have the technical, communication, management, risk management and ethics techniques is essential."
"We are glad that we obtained this certification, which represents a benefit for both our colleagues interested in the ACCA qualification and the bank. We are planning to recruit and keep the best professionals in the financial domain and we shall continue to invest in people in order to have sustainable results on a long term", Stanislav Georgiev, Chief Financial Officer (CFO) of UniCredit Tiriac Bank concluded.
# # #
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the biggest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" of banking services that currently serves 516,000 active clients through 238 branch offices. UniCredit Tiriac Bank S.A., a two-tier company with registered office in Romania, Bucharest, 23-25, Gheţarilor Street, District 1, registered with the Trade Registry under no. J40/7706/1991, with the banking Registry under no. RB-PJR-40- 011/ 18.02.1999 and with ANSPDCP with notification no. 10964, tax code 361536, fiscal attribute RO, shared and paid-in capital RON 379,075,291.20.
About ACCA
ACCA (The Association of Chartered Certified Accountants) is the global body for accounting professionals. Our purpose is to grant first-degree qualifications to dedicated, capable and ambitious people all over the world that want a career full of satisfactions in accounting, finances and management.
We support our 140,000 members and 404,000 students of 170 countries, helping them develop successful careers in accounting and business domains, offering them competences required by employers. Our network counts over 80 offices and centers and over 8,000 Approved Employers all over the world that provide to their employees high learning and development standards.
By our public-interest mission we promote an adequate legislation for the accounting domain and we conduct relevant researches in order to make sure that the accounting domain continues to growth with regard to its reputation and influence.
UniCredit Leasing Has a New CEO, Antoaneta Curteanu
28.06.2010
Starting the 1st of July 2010, Antoaneta Curteanu, Deputy Manager of the Corporate Division of UniCredit Tiriac Bank, will take over the position of Chief Executive Officer (CEO) of UniCredit Leasing.
"I considered that the experience I could gain in leasing is the best choice right now. Taking over the new responsibilities within UniCredit Group comes as a natural complementation to my professional experience, increased cooperation between the bank and leasing being an important objective of the group" said Antoaneta Curteanu.
Andreas Obrist, who has managed UniCredit Leasing until present, has been promoted within UniCredit Group, to a regional coordination position.
"The purpose of Antoaneta Curteanu's transfer from an executive position within the bank to UniCredit Leasing is to apply certain strategies for increasing synergies and cross sales. This appointment comes as a natural complementation to a remarkable career, most of it within UniCredit Group", stated Rasvan Radu, CEO of UniCredit Tiriac Bank.
Antoaneta Curteanu has been working for UniCredit since 1998, and before that, between 1991 and 1998, she worked within "Ion Tiriac" Commercial Bank.
Since June 2007 until present, she has been the Deputy Head of the Corporate Division, and Manager of Global Transaction Banking (GTB); before that (May 2005 - June 2007), she was Executive Vice-President responsible for the Corporate activity and member of the Board of Directors of UniCredit Romania, as well as Deputy General Manager responsible for the coordination of the Risk Management activity, between October 2004 - May 2005.
Antoaneta Curteanu is a founding member of the "Business Women Network" association in Romania and author of "Factoringul in comertul international" (Factoring in International Trade).
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Consumer Financing launched a loan for students enrolled in the MBA programme of Maastricht School of Management
24.06.2010
UniCredit Consumer Financing, through UniCredit Tiriac Bank, offers a personal needs loan for MBA, to Maastricht School of Management students. The loan is granted with a preferential interest rate, 2.5 percentage points lower than the standard applied to Loans without mortgage, and the client benefits from a dedicated officer.
Students from Maastricht School of Management have the possibility to cover entirely the cost of an MBA programme the amount granted being of maximum 20,000 EUR or the equivalent in lei, on a period of maximum 10 years.
More than that, they benefit from advantageous terms applied also for the General Type of Loan, that is 0% fee fro analysis, administration and early reimbursement. The product is available both with a fixed interest rest and with a variable interest rate.
UniCredit Consumer Financing is member of UniCredit Group sspecialized in loans for natural persons, present on the Romanian market since 2008.
About Maastricht School of Management
The Maastricht School of Management has its roots in the Institute for Management Science at the Technical University in Delft, dating back to 1952. In 1989, the school moved to the historical city of Maastricht, and in 1993 was renamed Maastricht School of Management.
MSM is one of the important education institutes in the world, combining education, technical assistance and research. With over 2,000 graduates from 25 countries per year, MSM is one of the most important business schools in the Netherlands.
UniCredit Tiriac Bank and METRO Cash & Carry Romania launch, at national level, the first co-branded credit card for legal persons
22.06.2010
- Credit line equivalent to a maximum of 35,000 Euro and a 50-days grace period
- Sales programme in METRO and in the partners network
- Unique Insurance system on the Romanian credit cards market for the goods purchased from METRO Cash & Carry Romania
- The product has been tested, through a pilot programme, by more than 1,000 clients from Iasi and Craiova
Bucharest, June 22nd, 2010 - METRO Cash & Carry Romania and UniCredit Tiriac Bank announce the launching, at national level, of the first Romanian co - branded credit card fro legal persons, the clients of METRO and UniCredit Tiriac Bank.
"The co-branded METRO - UniCredit Tiriac Bank credit card ia an instrument through which we support our SME clients in this difficult economic period, by introducing on the Romanian market the first product of this type for companie", said Zoltan Major, Vice-president of UniCredit Tiriac Bank responsible for the Retail Division. "The pilot programme started in Iasi and Craiova, and in the near future all companies in the country will enjoy both the financial benefits offered by the bank and the special offers from Metro, while using the same product".
"The main challenge our clients face is the flow of capital, and this new product we are launching together with our partner UniCredit Tiriac Bank is meant to bring a real support both by means of credit line, and by the promotional offers of the programme " says Claude Sarrailh, Customer Management Director, METRO Cash & Carry Romania. "Thus, we can supplement our support initiatives for professional clients with a direct financial support project, which is now available in the whole Metrou network in the country”, added Claude Sarrailh.
With the METRO - UniCredit Tiriac Bank credit card issued under the VISA logo, customers can have the necessary funds at any time, thus taking advantage of opportunities that may arise unexpectedly. In addition, card holders receive discounts in Metro Cash & Carry Romania shops and UniCredit Tiriac Bank partners, having the full control over the amounts spent.
The maximum loan amount is the equivalent in RON of EUR 35,000, but not more than 30% of the average monthly turnover of the company, calculated on the basis of the last balance sheet for an entire financial year.
The Credit Card is valid for 36 months and at expiration date it can be extended, depending on the fulfilment of eligibility conditions announced by the bank. The minimum amount to be refunded is 10% of the amount owed to the bank at the end of each trading cycle.
Thus, they benefit from a useful tool in their day-to-day business, be it traditional or HoReCa trade, by allocating an additional capital stock and access a range of promotional offers for both METRO products, as well as for products of our partners.
"We are proud that we can launch on the market the first co-branded credit card for companies. We had a very good cooperation with UniCredit Tiriac Bank and Metro Cash & Carry Romania while developing and testing this product, which addresses a segment which is strongly affected by the crisis. The METRO - UniCredit Tiriac Bank credit card is a tool for retail and HoReCa small businesses, through which they can access a credit that ensures their liquidity, an essential need for covering regular expenses. In addition, customers can enjoy additional benefits in the Metro chain store and, most importantly, by using it for purchasing several products and services necessary for business operation, they can better monitor and manage their monthly expenses ", said Catalin Cretu, General Manager for Romania at Visa Europe.
Financial advantages of this new type of credit card, offered to METRO Cash & Carry Romania clients are the following:
- Up to 50-days grace period, depending on the date the transaction is made, during which the client does not pay any interest rate for the transactions made;
- 3% lower interest rate that the standard one used for transactions made in METRO stores;
- If the clients pays entirely the amounts used, before the due date, he can benefit from a zero interest rate for all transactions made;
- Zero commission for payments made in Romania;
- National and international validity.
Among the facilities offered by the co-branded card are the following: the possibility of paying the bills at UniCredit Tiriac Bank ATMs, changing the PIN directly at UniCredit Tiriac Bank ATMs, checking the balance and the list with the latest 10 transactions at UniCredit Tiriac Bank ATMs, free access to the 3D Secure service for secure online transactions, the possibility to issue an unlimited number of additional cards, automatic refund of the amounts used in the line of credit from a bank account opened at UniCredit Tiriac Bank and online access to information related to the card account through Online B@nking.
By using this card, customers have access to programs developed especially for them:
Discount program of METRO Cash & Carry Romania and UniCredit Tiriac Bank partners
By paying with this card in the network of METRO partners, the client benefits from significant reductions in costs for products and services offered. The List of Partners can be found at www.programreduceri.ro, in METRO Cash & Carry Romania shops and at the partners involved in this programme.
Free insurance program - for goods purchased in the METRO Cash & Carry Romania network and paid with this card, the METRO customer benefits from free insurance - during transportation and two weeks after purchase - for accidents and burglary.
Full details on this card and programme partners can be obtained directly from the METRO Cash & Carry Romania experts or at UniCredit Tiriac Bank branches.
About METRO Cash & Carry Romania
METRO Cash & Carry Romania is a member of METRO Cash & Carry International.
METRO Cash & Carry was launched officially in Romania in October 1996, when the first distribution centre was opened in Bucharest. Today, the network includes 25 distribution centres: 5 in Bucharest, 2 centres in Brasov, Constanta and Timisoara and one centre in each of the following cities: Cluj, Bacau, Iasi, Craiova, Baia Mare, Galati, Ploiesti, Oradea, Sibiu, Suceava, Pitesti, Tg. Mures, Arad and Deva. More information can be found at www.METRO.ro
At the same time, starting 29 April 2010, METRO Romania launched a new store concept, METRO Punct, dedicated to trader customers.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the biggest banking group in Central an Eastern Europe. UniCredit Tiriac Bank is a true "one-stop-shop" offering financial services, with a number of 516,000 active clients, and 238 branches. In Romania, the group offers a wide range of specialized products and services with the help of its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Financing (UCFin) and UniCredit Business Partner.
About Visa Europe
In Europe, there are over 390 million Visa debit, credit and commercial cards. In the 12 months ending December 2009 those cards were used to make purchases and cash withdrawals to the value of 1.4 trillion Euro. 11.2% of consumer spending at point of sale in Europe is with a Visa card.
Visa Europe is owned and operated by more than 4,000 European member banks and was incorporated in July 2004. In October 2007, Visa Europe became independent of the new global Visa Inc., with an exclusive, irrevocable and perpetual licence in Europe.
As a dedicated European payment system it is able to respond quickly to the specific market needs of European banks and their customers - cardholders and retailers - and to meet the European Commission’s objective to create a true internal market for payments.
Visa enjoys unsurpassed acceptance around the world. In addition, Visa/PLUS is one of the world’s largest global ATM networks, offering cash access in local currency in over 200 countries.
UniCredit Tiriac Bank Awarded for Efficiency
14.06.2010
In any economic context, efficiency is a prerequisite for success. Advertising campaigns have already gained a well-deserved place in the top of efficiency-achievement methods, which is the case of the ‘Loan for Anything’ campaign that got UniCredit Tiriac Bank an Effie Award.
On June 10, at the 7th edition of the Effie Gala that took place at the Romanian Opera of Bucharest, UniCredit Tiriac Bank and its creation agency, Headvertising, were granted the Bronze Effie Award for the promotion campaign of the Loan for Anything, in the Financial Services Category.
The campaign carried out by UniCredit Consumer Financing and UniCredit Tiriac Bank in the interval 1st of July–September 15th, 2009 in one of the most difficult moments for marketing communication, especially in the financial-banking area, significantly increased the bank’s number of consumer credits, marking at the same time the constant crediting activity of UniCredit.
The Effie Awards gathered in 2010 too the most famous advertising agencies in Romania as well as their clients. The event is carried out under the aegis of IAA Romania (International Advertising Association) and UAPR (Union of Advertising Agencies of Romania), Effie Awards being an international festival under the license of AMA New York.
The granting of the awards in this competition is based on the criterion of efficiency of advertising campaigns. In case of the ‘Loan for Anything’ promotion, one of the indicators taken into account was the bank’s market share in the consumer credit segment that after the campaign went up considerably as compared to the previous period.
3 years after the bank's establishment, UniCredit Tiriac Bank inaugurates together with MaiMultVerde Association two new Cicloteque bicycle rental centers in Bucharest
11.06.2010
UniCredit Tiriac Bank and MaiMultVerde opened two new Cicloteque bicycle rental centers in Tineretului and Herastrau Parks. The Cicloteque network now has three centers and 300 de bicycles. Cicloteque is a project of MaiMultVerde Association and UniCredit Tiriac Bank, fulfilled with the support of Bucharest City Hall Hall, Lakes, Parks and Leisure Administration and Bucharest University.
Sorin Oprescu, the Capital’s General Mayor, Dragos Bucurenci, the president of MaiMultVerde Association and Anca Nuta, Identity & Communication Director UniCredit Tiriac Bank, participated at the inauguration of the two new centers.
During the event, Sorin Oprescu, the Capital’s General Mayor received the number 1 member card, in order to benefit from Cicloteque services. After the official opening of the center in the Tineretului Park, over 300 bicycle riders and the famous guests left on bicycles to Herastrau Park, where the second new Cicloteque center was inaugurated.
The bicyclists rode along the following route: Tineretului Park-Unirii Square-University-Romana Square-Victoriei Square-Charles de Gaulle-Herastrau Park. The 8 km route was crossed in less than half an hour by bike, while by car it is normally passed in one our at the least, if the traffic is heavy. Groups of volunteers from MaiMultVerde, located in the most important points along the route, informed the participants of the traveled distance, the time from the departure and the time to the finishing line and the quantity of CO2 which was reduced through the use of the bicycle.
The volunteers also drew the attention to the cultural and historic objectives met by the bicyclists on their route. Thus, in front of the National Theater, the volunteers wore costumes representing characters from various plays, at the Academy of Economic Studies, a group of graduates saluted the riders and in Victoriei Square, some dinosaur models and the volunteers dressed in traditional costumes invited the people to visit the National Museum of Natural History “Grigore Antipa” and the Romanian Peasant Museum.
“If, two years go, we were the first to offer rental bicycles to the Bucharest residents, today we are the first to offer them a system similar to the one in Vienna and Paris, in which they can take the bicycle from one place and leave it in another”, stated Dragos Bucurenci, President of MaiMultVerde Association.
“In 2008, we inaugurated together with MaiMultVerde the first bicycle rental center in Bucharest because we were convinced that we had to take action and offer real environmental protection solutions”, says Anca Nuta, Identity & Communication Director, UniCredit Tiriac Bank. “The continually increasing number of Bucharest residents who have chosen the bicycle as alternative transport means, as a recreational method or even a lifestyle determined us to open two new centers. At the 3-year anniversary of UniCredit Tiriac Bank we thus offer 3 Cicloteque centers and 300 bikes.”
“The two Cicloteque centers opened in Tineretului and Herastrau Park will facilitate the resident’s access to mobility, taking into account that the routes between them unify the capital’s north and south points. The Lakes, Parks and Leisure Administration (ALPAB) supports the projects which encourage citizens to use alternative transport means, to do sports activities in the park, and thus to adopt a healthy lifestyle” declared Radu Popa, ALPAB General Manager.
By opening the two new centers, Cicloteque becomes a bike rental network, so that the bikes can be rented from one center and returned to another one. The bicycle rental and reservation can also be made online, through the new user registration system on www.cicloteque.ro, and the user will receive a member card from the center. The fees are very friendly: RON 2/hour, RON 10/day or RON 20/two days. For students, retired and unemployed, the fees are reduced to half.
About Cicloteque
The first Cicloteque bicycle rental center in Bucharest was opened in August 2008, at the Bucharest Law School. During the two years of operation, the center has had over 10,000 users and offered to velo park lovers 150 bikes, the accessories necessary for the use of such (anti-theft, protection helmet, gloves, knee pads, etc.) and bicycle racks. The continually increasing number of users, as well as the necessity to facilitate the rental and return of bicycles, led to the opening of two new centers in Tineretului Park, Sincai entrance, and Herastrau Park, Aviatorilor Bd., and the number of bicycles increased to 300.
Through the Cicloteque network, MaiMultVerde and UniCredit Tiriac Bank propose a direct alternative transport solution to reduce the emissions produced by the road traffic. For every 10 km traveled, a bike reduces the carbon dioxide which would have been produced by a vehicle over the same distance by 1,500 grams. The use of the bike as an alternative transport means for traveling in the city is already a measure adopted by many European capitals, and Bucharest has recently taken the same road.
The Cicloteque centers have been opened with the support of Bucharest City Hall, Lakes, Parks and Leisure Administration and Bucharest University.
UniCredit Tiriac Bank launches the first bank guarantee destined for the agents carrying out activities related to road traffic
09.06.2010
UniCredit Tiriac Bank launched a unique product on the Romanian market, a bank guarantee for the acquirement of a license for activities related to road traffic - activities for the intermediation of public road transportation activities, if the company's share capital or the total assets of the association or nonprofit organization / the net value of the institution's or the public authority’s corporal assets is less than EURO 50,000.
In March, this year, as consequence of the legislative modifications related to the road transportation activities and other activities as such, the Ministry of Transport and the Romanian Road Authority required the support of the commercial banks in order to draft a non-standard product such as the payment guarantee.
“The customers eligible for becoming authorizing officers within the bank letter of guarantee may be, from legal point of view, companies with a capital less than or equal to EURO 50,000, certified natural persons or individual/family enterprises, associations or nonprofit organizations with the share capital less than or equal to EURO 50,000, as well as institutions / public authorities with a net value of corporal assets less than or equal to EURO 50,000", explained Antoaneta Curteanu, Corporate Executive Manager of UniCredit Tiriac Bank.
The granted amount is less than or equal to EURO 50,000, in compliance with the legal provisions. The guarantee amount is set by the Romanian Road Authority and is communicated to the bank by an authorizing officer, through the request for issuance of the bank letter of guarantee.
This product derives from the requirements Norms on the organization and performance of road transportation and activities related to these, approved by Order of the Ministry of Transportation, Construction and Tourism no.1892/2006, with subsequent modifications and completions, according to which, in order to obtain a license for activities related to road transportation - public road transportation intermediation activities, among other documents, the applicant must submit a bank letter of guarantee in order to ensure the appropriate performance of payment.
The bank letter of guarantee is a written commitment assumed by a bank (warranting bank), in favor of one or more persons (the beneficiary/beneficiaries), for the payment of an amount of money, if another person (the guarantee authorizer), from whose order the guarantee is issued, did not comply with a given obligation assumed according to the contract, or if the said obligation was erroneously complied with for the guarantee beneficiary/beneficiaries. Through the bank guarantee, the bank takes over a payment obligation, in compensation for the noncompliance or faulty compliance of a commitment assumed through the contract.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
The new product packages for UniCredit Tiriac Bank corporate customers cost up to 50% less than standard products
31.05.2010
UniCredit Tiriac Bank launched four packages aimed towards corporate customers (to companies with a turnover above Euro 3 million), which integrate all the products necessary for managing current operations.
An important advantage of using the packages is the much smaller (subscription-type) unique price in comparison to the price of the products acquired separately: discounts over 40% from the price of the products included in the package and discounts up to 50% of the price of additional products.
Time-saving is another benefit: the customer no longer has to go to the bank to perform the current operations, as the BusinessNetapplication is available, and the cards allow cash operations though UniCredit Tiriac Bank ATMs, as well as through Non-stop Banking Terminals.
In addition, the customer permanently holds the control of its transactions: through the BusinessNet internet banking application, it can check the status of its accounts and debit instruments at any time.
“We continue to make innovations, from our desire to continue to be in the future the banking partners preferred by the entrepreneurs in Romania. We continually try to be as close as possible to our customers, offering them quality products and services, adjusted to the current environment, which should bring them real advantages by saving money, time and effort”, stated Antoaneta Curteanu, Corporate Executive Manager within UniCredit Tiriac Bank.
Depending on the selected version, these packages include basic products and services, starting from the current account management and the use of online applications, up to payments in Lei, debit instrument operations and the real-time monitoring of such, as well as business cards. Also, apart from the use of standard packages, the customer can choose certain additional services at competitive prices.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
First winner in the Madrid Final already set: UniCredit
21.05.2010
Milan / Madrid, 21 May 2010. This year’s match in the UEFA Champions League Final, this Saturday in the Spanish capital, comes as a stroke of luck for UniCredit Group. Both finalists - FC Bayern München and FC Internazionale Milan - come from countries that are core domestic markets for the European group, with Germany being the second largest market behind Italy. Moreover, the two teams have a special relationship with the sponsor - FC Internazionale is a football symbol of Milan, the city where the headquarters of UniCredit Group are based, while FC Bayern München has long been sponsored by HypoVereinsbank (the German subsidiary of UniCredit Group).
This combination of events crowns an overall highly successful first season as sponsor of the UEFAChampions League. For CEO Alessandro Profumo, one thing is clear: "The first winner of the Final Madrid 2010 is UniCredit."
For UniCredit, one of the main objectives behind its 2009-2012 sponsorship of the UEFA Champions League, the most important club competition in the world, is to increase brand awareness and consideration of the master brand in all 22 markets and to support local re-branding projects.
At the end of the first season, thanks to the active adoption of communication and activation measures and the committment of the Group’s employees, the success of this sponsorship is already becoming visible. Sponsorship awareness is growing quickly."What is very interesting is that in most countries the purchase intentions and likeability of our brand amongst those who are aware of the sponsorship is double what it is amongst those who are not aware that UniCredit is a sponsor of the UEFA Champions League."says Alessandro Profumo.
The sponsorship is also proving to be a uniting factor within the Group, strengthening the sense of people who belong to UniCredit. The sponsorship is a real benefit for employees and has also boosted the development of group-wide chains and processes.
One of UniCredit’s most important activation initiatives was the UEFA Champions League Trophy Tour presented by UniCredit, which carried the Trophy through five countries between September and October 2009, with stops in Milan, Zagreb, Budapest, Bucharest and Sofia. The Trophy Tour presented by UniCredit achieved a record number of over 90.000 visitors during the five-countries tour. The Trophy Tour will resume after the summer break with the following stops: Munich (15-19 Sept.), Prague (24-26 Sept.), Warsaw (1-3 Oct.),Bratislava (8-10 Oct.) and Vienna (14-17 Oct.).
Luis Figo as Brand Ambassador
In order to exploit the full impact of the sponsorship, the Group has now appointed Luis Figo, one of Europe’s most successful football players of the last 15 years, a brand ambassador for all UEFA Champions League’s sponsorship related activities, with the aim of supporting the bank over the next two years as an expert on all matters to do with football. “In Luís Figo, we have acquired an internationally acknowledged personality, whose career can probably be described as unique and perfectly fitting our brand,” says Alessandro Profumo.
As a former player at renowned clubs such as Sporting Clube de Portugal, FC Barcelona, Real Madrid CF and most recently FC Internazionale, European Best Player in 2000 (France Football Ballon d’Or) and UEFA Champions League Winner in 2002, to name just some of his awards, he brings a wealth of experience and huge fan potential with him, which he would like to call upon for the company. Whether it be on the Trophy Tour, in supporting UniCredit UEFA Champions League related promotional activities, as a guest at internal events or as a football expert for UniCredit guests at special matches.
Alessandro Profumo and Luís Figo will attend tomorrow a press event in Madrid to celebrate the first year of sponsorship by UniCredit of the UEFA Champions League and to present the next initiatives.
About UniCredit Group
UniCredit Group is a major international financial institution with strong roots in 22 European countries and an overall international network present in approximately 50 markets, with 9,600 branches, and more than 162,000 employees as of 31 March 2010.
In the CEE region, UniCredit Group operates the largest international banking network with around 4,000 branches. The Group operates in the following countries: Austria Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.UniCredit is one of the six exclusive Official Sponsors of the UEFA Champions League for the current and next two seasons.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank and ERGO Asigurari de Viata are starting joint bancassurance operations
17.05.2010
Bucharest, May 17th 2010, UniCredit Tiriac Bank and ERGO Asigurari de Viata have started selling life insurance policies trough the bank’s branches. Part of a larger european global collaboration between UniCredit and ERGO, the bancassurence activities in Romania will complete the financial products of UniCredit and will mark the launch of ERGO Asigurari de Viata on the Romanian market.
"I trust this partnership will be a successful one and that main beneficiaries - our clients - will properly perceive the given benefit, the decisive strongpoint in this step being our sales strength" , said Zoltan Major, UniCredit Tiriac Bank’s Vice-president of Retail Division.
"ERGO Asigurari de Viata, is the first company from the ERGO Insurance Group that begins its activity in Romania.In spite of the fact Romania crosses a difficult economical period , ERGO has a long term commitment, keeping in mind the attractive potential of the Romanian insurance market", said Ina Cretoiu, CEO of ERGO Asigurari de Viata S.A.
For starters, UniCredit Tiriac Bank’s branches will offer the clients; unit linked ERGO LifeInvest type products - financial products that supplement the traditional bank offer.
UniCredit Tiriac Bank and ERGO Asigurari de Viata are looking to extend the joint product offer.
The Bancassurance activity is based on the partnership started in 2007 between the UniCredit Groups and ERGO. It is brought in Romania as a result of the success proven on the German, Austrian and the common desire to develop the collaboration on Central and Eastern European markets. Starting autumn 2008, the two companies also collaborate on the Slovenian market, followed in January 2009 by the Hungarian and Slovakian markets, having support from ERGO Austria International AG.
For UniCredit and ERGO, Romania represents an important country in the international development strategy, because of the economical growth potential and the increase in the population’s standard of living, which lead to an increase in demand for life insurance products.
About UniCredit Group
UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, approximately 9,800 branches and more than 165,000 employees at 31 December 2009.
UniCredit Group is market leader in Central and Eastern Europe, where it is one of the largest players in the banking market, with an extensive network of approximately 4,000 branches. The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
About ERGO Group
With a € 19 billion insurance premium cumulated value in 2009, ERGO is one of the most important insurance groups in Europe. Currently, ERGO is present in more than 30 countries worldwide, focusing mainly on Europe and Asia. In Europe, ERGO is the first company dealing with health insurance and legal fees, and on the original market, Germany, ERGO Group is one of the market leaders. More than 50,000 people are working for ERGO, either as employees or sales agents.
ERGO provides a wide range of insurance products and investment products, always striding to be the customer's first choice when it comes to insurance and accumulation. Over 40 million customers trust the services, expertise and safety provided by ERGO Group and the affiliated companies. In Germany, 20 million customers trust strong brands of ERGO Group, such as D.A.S., DKV, Hamburg-Mannheimer, KarstadtQuelle or Victoria.
ERGO is a member of Munich RE Group, one of the biggest world reinsurers. Under the Munich RE umbrella, primary insurance or reinsurance transform the risk in value for the customers. The investments made by Munich RE amounting to more than Euro 175 billion - of which 108 billion on behalf of ERGO - are performed by the experienced MEAG, an investment fund and asset management company. Munich RE holds 99.69% of ERGO Group.
CEE banking - the way out of the crisis
14.05.2010
Vienna, 14 May 2010
UniCredit Group´s CEE Analysis:
CEE banking - the way out of the crisis
- Lending stagnation due to lack of demand
- Banking sector remaining resilient through the crisis
- Countries should focus on full deployment of EU funds, to extract the maximum in terms of growth stimulus
- UniCredit well positioned and on the frontline to re-start
In the aftermath of the global crisis the economic environment in Central and Eastern Europe (CEE) is now slowly showing signs of recovery. However the growth outlook varies significantly, with some countries recovering faster and some others being more vulnerable to the ongoing market turbulences, but all clearly remaining below their long term potential. “The crisis had an impact on the banking system as well, though it remained resilient and profitable in CEE, continuing to show significant growth prospects”, so Federico Ghizzoni, Head of CEE Banking Operations, UniCredit Group.
Although banking in CEE still holds opportunities, a number of market conditions differ after the crisis. “We expect the potential in terms of banking penetration to stay, with the loans and deposit growth becoming more balanced”, so Debora Revoltella, Head of CEE Strategic Analysis of UniCredit Group, referring to the Group’s latest forecast on the banking sector. In the context of a lower economic growth, the volumes growth will remain below the pre-crisis levels, but nevertheless still stay much above the more mature markets.
The driver of the current recovery is the corporate business, emerging first from the crisis and being the engine of future growth. In the context of high unemployment and low consumption the retail sector will only slowly develop its potential. However, the economic convergence process between CEE and Western Europe is still ongoing, though at a lower pace and with a more rebalanced economic model. “The banking sector remains one of the drivers of economic convergence. At the current stage, however, we need to see recovery from the demand side before we really see an acceleration in lending”, so Revoltella. “The positive news is that we are now close to the peak in terms of credit quality problems. We already see some stabilisation in non-performing- loans and we believe the trend will clearly revert starting later this year”.
The future development in the CEE region however shows a quite diversified scenario. The market attractiveness / risk mix clearly remains in favour of Russia, Turkey and Romania. Other Central and Southern European countries show good attractiveness and a low risk profile. The strongest impact of the crisis affected the Ukraine, Kazakhstan and the Baltic countries, with a clear need for a rebalancing of the growth model.
Lack of demand for lending behind the current credit crunch
During the crisis, first liquidity crunch and then concerns for credit quality have been behind lending weakness. At the beginning of this year the situation clearly changed. As expected, today stagnating loan volumes are a matter of lack of demand, in the context of over-liquidity. “Banks are liquid, which is proved by the fact that placements with the central banks are far above the minimum requirements”, so Ghizzoni.
The key question for the around 2,450 banks operating in the CEE banking sector, with their total assets of more than EUR 2,100 billion, is how to re-start the engine. “Demand rather than supply of credit should be the key driver out of the crisis”, says Revoltella. Thus, in a future scenario of strict fiscal control, the countries should find a way of stimulating demand. Options to achieve this could be by fully deploying EU funds, by putting competitiveness and quality of the operating environment on the top of the priorities. “EU Funds, if fully utilized, have the potential to add from 1 to 2 pp of nominal GDP growth to the region in 2010, which is a remarkable figure in the current context”, explains Revoltella.
With respect to banks’ commitment, Federico Ghizzoni underscores UniCredit’s favorable position: “We have entered 2010 highly capitalized, with € 2 bn additional capital in Bank Austria available for growth in the region. We have over-liquid banks, ready to re-start lending and we have an excellent network and a good country positioning to leverage on, other than streamlined internal processes to grant speed of decision and fully exploitation of Group best practices. Thus, the CEE region remains one of our key pillars where we are in the position to fully exploit future growth opportunities.” The ranking of the top banks in CEE is led by UniCredit Group, operating through Bank Austria in CEE , with total assets of EUR 116 billion and a net profit before tax of EUR 1,600 million in the region in 2009. With CEE weighting for 13% of the Group’s total assets, UniCredit is also a well diversified player in the region.
About UniCredit Group
UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, approximately 9,800 branches and more than 165,000 employees at 31 December 2009.
UniCredit Group is market leader in Central and Eastern Europe, where it is one of the largest players in the banking market, with an extensive network of approximately 4,000 branches.
The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
UniCredit Tiriac Bank reports a RON 64mn Net Profit in 1Q 2010
12.05.2010
12 May 2010 - UniCredit Tiriac Bank reports RON 64mn (EUR 16mn) net profit* under IFRS in 1Q 2010, aprox. 50% lower compared to the level reported in Q1 of last year, in a period of stagnant market and growing credit risk. Net profit under RAS for the same period is RON 61mn. Profitability levels remain good, although lower compared to last year. Annualized ROE is 11.5% and ROA is 1.3%.
The bank reports RON 310mn revenues in 1Q 2010 which go down 8% year-on-year only due to the high non-recurring trading income last year. Operating expenses are 3% lower than last year. Cost-to-Income ratio further improves to 44.9%. Solvency ratio is comfortable at 12.83% under RAS, after full reinvestment of 2009 net profit. The net operating profit covers 1.8 times the net provisions for the period, the latter growing near 2.5 times year-on-year.
“The first quarter this year proved to be still recessionary for the Romanian economy and tough for the banking system. Credit risk continued growing led by increasing companies’ defaults. We consider our perfromance satisfactory on this background and look forward for signals of rebound in 2H 2010”, said Rasvan Radu, CEO UniCredit Tiriac Bank.
The balance sheet total reached RON 20bn (EUR 5.1bn), up 8.5% compared to a year ago and at the level of 2009 end. Total outstanding on-balance-sheet loan portfolio increased 5.1% year-to-date, better than the system. Customer deposits reached RON 10mn, 5% lower year-to-date, similar to the system and mainly due to RON appreciation. Credit risks continues going up, yet better than the system. Over 90-day on-balance sheet defaulted loans reached 7.4%. Related provision coverage grew up to 5.4% under IFRS and 8.1% under RAS.
The consolidated total assets of UniCredit Tiriac Bank, UniCredit Leasing Corporation and UniCredit Consumer Financing on a full consolidated basis are RON 23bn, at the level of 2009. The shareholders’ equity is RON 2.3bn. The consolidated 1Q 2010 net profit of the group is RON 60.3mn.
About UniCredit Tiriac Bank
UniCredit Ţiriac Bank is part of UniCredit Group, the largest banking group in Central and Eastern Europe and one of the largest in Europe. UniCredit Tiriac Bank is a true "one-stop-shop" for financial services, currently serving 516 thousand active customers through its 238 branches. In Romania, the bank is providing a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
* All data presented in this document is from the financial statements under IFRS, unless otherwise stated.
UniCredit Creates the Financing & Advisory Area to Serve Better Its Corporate Clients in Romania
11.05.2010
- Ciprian Paltineanu takes over leadership over the Financing & Advisory activity of the UniCredit Group in Romania
- Applying in Romania its global division model, the UniCredit Group creates the Financing & Advisory expertise area. It merges the Structured Financing, Syndication, Real Estate Financing, European Funds, Factoring and Consultancy activities.
The creation of this specialized product and service line follows the logic of separating the product structuring and management from the client administration activities, following a constant development of the group’s performance and level of providing services to the clients with financing and consultancy services.
Ciprian Paltineanu, who has been for over 3 years general manager of UniCredit CAIB Romania, has extended his responsibility over the specialized financing products, taking over the leadership over the Financing & Advisory activity of the UniCredit Group in Romania.
"Creating this expertise area within UniCredit Tiriac Bank, the group gets closer to the clients and their development needs. We want to increase the satisfaction degree of our corporate clients, capitalizing an increased organizational efficiency and the synergy between the profound knowledge of the client at the relationship manager and product expertise level within Financing & Advisory", Ciprian Paltineanu stated.
The offer of this expertise area is diversified, covering both basic financial products and sophisticated structured or consultancy solutions, addressing an enlarged client typology that varies from small and medium-sized companies to multinational and big corporate clients, as well as investment funds and real estate clients.
Raluca Tintoiu, who has accumulated an experience of over 11 years in corporate and investment banking in Romania and Great Britain, has joined the UniCredit team to coordinate the group’s corporate finance activity in Romania as general manager of UniCredit CAIB Romania SRL.
Thus, UniCredit positions itself for a cyclic recovery of the Romanian market, consolidating the capacity of serving its clients in a unitary way and intensifying the degree of specialization of its staff. Ralucai Tintoiu’s arrival brings a plus of expertise to the local investment banking team both in terms of acquisition and merger consultancy and attracting funds on the capital market.
"The new positioning proves the commitment of UniCredit of becoming the main player on the financing and consultancy market in Europe, capable of structuring and providing all relevant product and service groups in its whole territorial network, to all client segments, continuing to focus at the same time on providing quality and professional services to them. We wish Raluca success in her new position", Ciprian Paltineanu added.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank Supports Culture Crusade
30.04.2010
UniCredit Tiriac Bank is joining the Culture Crusade, a project that promotes the Romanian artistic cultural values.
The second contest of the Culture Crusade will take place on May 11th, 2010. Beginning from 20:00 PM, the Romanian Athenaeum will host an exceptional recital held by the worldwide known violinist Joshua Bell accompanied by the piano player Sam Haywood. The famous musician will delight the audience in Bucharest with its 300 year old Stradivarius
The schedule of the show includes:
Wolfgang Amadeus Mozart - KV454 sonata for violin and piano in B flat major
Ludwig van Beethoven - Sonata op.30 no.2 in C minor
Maurice Ravel - Sonata in G major
Piotr Ilici Ceaikovski - Meditation from "Memory of a Dear Place" op.42 for violin and piano
Pablo de Sarasate - Introduction and Tarantella op.43
"We are supporting culture and art in a traditional way, this being a key component of the sustainable development strategy of our bank. Those familiar with UniCredit Tiriac Bank involvement in cultural events were probably not surprised by the support we are offering to the Culture Crusade and the values presented to the Romanian public,” declared Anca Nuta, Identity and Communication Manager of UniCredit Tiriac Bank.
Additional information on the event and tickets are available on the project site: www.cruciadaculturii.ro. The event is also sponsored by The Union of Romanian Musicians’ Interpretation Creation.
About Culture Crusade
Culture Crusade is an initiative of Dreams Agency that develops and implements product promotion strategies by culture and entertainment, both through classical media, and creative Internet marketing campaigns. Culture Crusade was opened with Sarah Chang’s concert held at Romanian Athenaeum on February 14th, 2010.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is a financial institution whose artistic cultural sponsoring activities place specific accent of visual arts, also covering music and literature, in line with UniCredit Group tradition.
The bank offers financial support to the fist independent art and culture center opened under the name of UNICREDIT PAVILION, and is also a strategic partner of International Contemporary Art Biennale in Bucharest. The artistic cultural component of out ethics and responsibility strategy is represented by our involvement in long term projects that the Bank finances as main partner - for example, George Enescu International Festival and Contest and UniCredit Literary Debut Contest.
Get a part of the UEFA Champions League Final
29.04.2010
The countdown to the UEFA Champions League Final 2010 has started. While FC Bayern and FC Internazionale Milano are getting ready to compete for the Trophy in Madrid on May 22nd, football fans across Europe can experience more than their usual anticipation of watching the big showdown. For the first time in UEFA Champions League history, fans have the chance to get their very own part of the Final thanks to a context organized by UniCredit Group, Official Sponsor of the competition for 2009-2012.
UniCredit Group will send out pieces of the original confetti that traditionally rains down on the champions during the Trophy hand-over ceremony to the first 50.000 fans who register to receive this priceless memorabilia.
The website provides all details regarding the chance to get original champions confetti, including two viral spots that show the emotion of receiving that gift. The original confetti that will be collected right after the ceremony will reach the lucky fans by postal mail together with a certificate and a photo from the Trophy hand-over.
The initiative aims to get football fans across Europe feel closer to the competition, by enabling them to be part of it. With the same spirit, at the start of each season, UniCredit Group presents the UEFA Champions League Trophy Tour, which brings the Trophy to the European public. The Trophy Tour kicked off in Milan last September, before touching Croatia, Hungary, Romania and Bulgaria. It will resume after the summer with new exciting stopovers.
About UniCredit Group
UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, approximately 9,800 branches and more than 165,000 employees at December 31st 2009. UniCredit Group is market leader in Central and Eastern Europe, where it is one of the largest banking players, with a broad network of approximately 4,000 branches. The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
Journalism prize Writing for CEE announced for 2010
29.04.2010
- Bank Austria and APA announce the renowned award for excellence in journalism
- Submission deadline for the prize, endowed with a prize money of 5,000 euro, is 31 July 2010
- In the spotlight are contributions, which focus on borders and prejudices within Europe in varied ways and help overcome them
For the seventh time, Bank Austria, member of UniCredit Group, in cooperation with the APA - Austrian Press Agency announces the renowned journalism prize "Writing for CEE". The award, which is endowed with 5,000 euro, is intended to promote journalistic debate on questions regarding Europe and European integration. The award goes to contributions that cover Europe, life and everyday existence in European countries, European art, culture or lifestyle in distinct and varied ways - and make a contribution to overcoming borders and prejudices.
The prize "Writing for CEE" focuses not only on the EU-region, but rather on Europe, taking particular account of Central and Eastern Europe. Journalistic contributions that were published between 1 August 2009 and 31 July 2010 can be submitted up until 31 July 2010. Transcripts of radio, TV and online contributions are also welcome. The prize winner will be announced and presented with the award at the end of 2010 at a festive event in Vienna.
The Vice Editor in Chief of Vienna’s city paper "Falter", Florian Klenk, was awarded the prize "Writing for CEE 2009". The 36 year-old "investigative journalist" received the prize for a report that appeared in "Berliner Zeitung" and in "Falter", and was also published as an award-winner on www.apa.at/cee-award. The contribution is entitled "Behind the Fence" and deals with conditions in a refugee camp situated in the Ukraine at the point where Slovakia, Hungary and the Ukraine meet. The guest of honour at last year’s award ceremony was former East German civil rights activist Bärbel Bohley.
Members of the international jury are Czech communications scientist Milan Smid, Slovakian publicist Michael Berko, communications consultant Ildiko Füredi-Kolarik, Slovenian playwright Jože Hudeček, Polish journalist Igor Janke, Czech ex-presidential adviser Jiří Pehe, Hungarian radio journalist Julia Varadi, Bulgarian author Janina Dragostinova, CEE press spokesperson of Bank Austria - UniCredit Group, Silvana Lins, and APA foreign policy chief Ambros Kindel.
Submissions must include the contribution in the original language, a translation into English and a copy of the author’s CV.
About UniCredit Group
UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, approximately 9,800 branches and more than 165,000 employees at 31 December 2009. UniCredit Group is market leader in Central and Eastern Europe, where it is one of the largest banking players, with a broad network of approximately 4,000 branches. The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
Online Banking transactions equivalent to 30% of the GDP at UniCredit Tiriac Bank in 2009
16.04.2010
In 2009, UniCredit Tiriac Bank registered the highest value of Online Banking transactions performed in Romania, with a total volume of RON 142 billion (EUR 33.5 billion), representing over a third of the circulated volume, at market level, by this channel.
The volume of all transactions performed by the Online Banking service of UniCredit Tiriac Bank in 2009 represents almost 30% of Romania’ gross domestic product’s value (GDP).
As compared to 2008, the volume of total Online Banking transactions at UniCredit Tiriac increased by 16%, calculated at the RON value, and by 1%, respectively, calculated at the EUR value. The strongest increase was registered in the segment of transactions performed in EUR, respectively by 66%, as compared to 2008.
Furthermore, the number of corporate clients increased by 54% last year, as compared to 2008, reaching a number of 34,539 users. In total, UniCredit Tiriac had approximately 81,400 Online Banking users at the end of 2009, being now 61% more than in 2008.
At the eFinance Online Banking Awards, organized yesterday by Finmedia, the bank situated on the first place at the following categories:
· Total value of Online Banking transactions (EUR 33.5 billion)
· Total value of Online Banking transactions performed in EUR (EUR 20.5 billion)
· Total value of Online Banking transactions performed by corporate clients
· Total value of Online Banking transactions performed by private individuals
· Number of corporate clients users of the Online Banking service (34,539 users)
Moreover, the bank situated on the second place at the following categories:
· Total number of Online Banking transactions (4.4 billion)
· Total number of Online Banking transactions performed by corporate clients (3.9 billion)
· Total number of Online Banking transactions performed in RON (RON 55 billion)
"The awards received from Finmedia are to us comparable to the recognition as the best Online Banking in Romania. We propose to continue and be as close as possible to our clients, by any and all alternative channels - Online Banking, ATM, Non Stop Banking, Info SMS, POS, e-Commerce, Telephone Service – in order to facilitate access to high-quality banking services", stated Doina Costache, Head of MultiChannel Management within UniCredit Tiriac Bank.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank installed POS devices in Grant Taxi cabs
13.04.2010
UniCredit Tiriac Bank installed approximately 90 credit card payment devices in Grant Taxi auto vehicles, which provide taxi transportation services even for the International "Henri Coanda" airport.
As is the case with the rest of the POS devices in the network, the bank does not charge any tax from the customer for the performed operations. The devices are using the GPRS technology and they are both equipped with chip card reader, as well as with magnetic card reader.
"With this solution, we are attempting once more to get closer to our customers and to facilitate their access to electronic payment methods, more comfortable and with more advantages", said Bogdan Spuza, Marketing and Segments Manager with the UniCredit Tiriac Bank Retail Division.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank launched a housing loan in Lei with annual effective interest under 10%
06.04.2010
In order to fulfill the needs of the customers who want to purchase or build a house, UniCredit Tiriac Bank launched a housing loan in Lei, with a very profitable interest rate, calculated as ROBOR at 3 months + a margin of 3.25%, for which the annual effective interest is under 10%.
Therefore, when acquiring a housing loan in Lei, in the amount of RON 120,000, granted for a 30-year tenor, the customer pays a monthly installment of RON 973, and the annual effective interest is 9.75%.
The Bank launched a new consumer loan with mortgage, in RON, for which the interest is calculated as ROBOR at 3 months + a margin of 5.25%. This product can be used to finance personal needs and to refinance one or several previously contracted loans.
"With this new offer, we tried to consider our customers’ needs and we facilitated the access to loans in the currency of their income. Thus, we are trying to reduce the possible risks associated with long-term crediting" stated Bogdan Spuza, Marketing and Segment Director, within the Retail Division of UniCredit Tiriac Bank.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
The Champions Package, from UniCredit Tiriac Bank, can bring customers two tickets to the UEFA Champions League final in Madrid
31.03.2010
As a result of the partnership between UniCredit Group and UEFA Champions League, UniCredit Tiriac Bank released a promotional offer in Romania valid until May 4, 2010, through which customers can win two of the eight tickets available for the UEFA Champions League final, when purchasing the Champions’ Package.
The Champions’ Package consists of a MasterCard card with a special design, reminding customers of the electric atmosphere specific to UEFA Champions League games, which is issued in a limited edition. Apart from the special design of the cards, by acquiring the Champions’ Package, the customer benefits from current accounts in Lei or foreign currency, Direct Debit, Info SMS and Online B@nking services.
The winners of the drawing will be accompanied by one of their friends to the big final in Madrid, in May 22, 2010.
Also, when purchasing a Standard Champions’ Package, the customer receives a mini football, and when purchasing an Optimal Champions’ Package, the customer receives a card-shaped memory stick.
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About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
Anca Nuta was appointed Manager of the Identity and Communication Department of UniCredit Tiriac Bank
30.03.2010
March 30th, 2010, Bucharest - Anca Nuta (31) is, starting from March 2010, the new manager of the Identity and Communication Department of UniCredit Tiriac Bank and from this position, she will coordinate communication activities, corporate events and partnerships, brand management, corporate marketing and corporate sustainability.
Anca Nuta has been working for UniCredit Tiriac Bank for eight years, in the position of Manager for Corporate Events and Partnerships, and as of April, 2009, she was appointed interim manager of the Bank’s Identity and Communication Department.
As a graduate of Law School and of a master's program in Public Relations and Communication, Anca Nuţă coordinated projects with significant impact on the community, initiated within UniCredit Tiriac Bank, such as Cicloteque, the Literary Debut Contest, Gift Matching and PAVILION UNICREDIT. In September 2009 she brought the UEFA Champions League Trophy in Romania, within a large tour in over six cities of the country, making it therefore possible for the trophy to be admired and photographed by over 20,000 Romanian people.
"We want to play an active role in the middle of the community where we carry out our activity, through a transparent communication of our business activity. Furthermore, UniCredit Tiriac Bank carried out several social, environmental protection and cultural projects.Our intention therefore, in what concerns the publication of the bank's activities and our social involvement, is not to use it for advertisement, but to make of it a responsible business model, focused on the consumer, both as customer, as well as in day to day activities", stated Anca Nuta.
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About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Group takes part in Earth Hour
26.03.2010
Coherently with its commitment on sustainable development, Saturday March 27th, UniCredit takes part in the worldwide event sponsored by WWF (World Wide Fund for Nature), by switching off lights in some of its major buildings in Europe.
UniCredit Tiriac Bank will also turn off the light in its offices in Romania.
UniCredit Group will take part in Earth Hour, worldwide event sponsored by WWF, to be held next Saturday, March 27th, with the aim of making people, institutions and companies aware of climate change issues.
At 8.30 p.m., lights will be switched off for 60 minutes in several European UniCredit Group buildings in order to prove, through a symbolic action, the Group’s commitment on climate protection and to highlight the need of reducing greenhouse gases emissions. UniCredit has promoted the Earth Hour message through its internal communication tools, inviting its 174,000 employees to join the initiative.
The Group will take part to the WWF event, coherently with its commitment on climate change already proved by several environmental actions taken over the last years including the use of energy efficiency measures and renewable sources in its branches and main buildings and its presence in such programs as UNEP FI (United Nation Environment Programme Finance Initiative), a global partnership between UNEP and the financial sector aiming to evaluate the impacts of environmental and social issues on the financial performance.
Through its presence in the WWF event, the Group chooses to symbolically express its awareness of the responsibility that financial groups should experience towards the main environmental issues and sustainable development.
On Saturday 27th, Earth Hour, global-mobilization event on climate sponsored by WWF, will encompass 25 time zones (8.30 p.m. CET), switching off lights of cities, monuments, institutions, firms and houses all over the world involving this year a booming record of more than 2,700 cities across the world (100 in Italy) in 83 countries, aiming to involve one billion people to call on world policy makers to preserve the planet against the global climate change.
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About UniCredit Group
UniCredit Group is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, more tnan 10,000 branches and aproximatively 174,000 employees.
UniCredit Group is market leader in Central and Eastern Europe, where it is one of the largest banking players, with a broad network of approximately 4,000 branches.
The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
About WWF
Established in 1961, WWF is the most important international organization which develops projects for nature conservation, in more than 100 countries. WWF mission in the world is to stop environment’s degradation and to develop a future where people live in harmony with the nature, by:
- conserving the biologic diversity worldwide;
- rational using of renewable natural resources;
- reduction of pollution and irrational consumption.
WWF programme Dunara-Carpati Romania aims at conserving the natural environment and ecological process in Romania and in Dunare-Carpati region, initiating, developing and supporting projects for keeping the biologic diversity, wild species and natural ecosystems.
The UniCredit Literary Debut Contest reached its third edition
25.03.2010
Bucharest, March 25th, 2010 - The Catalist Association, in partnership with UniCredit Tiriac Bank, organizes the third edition of the UniCredit Literary Debut Contest. The contest enrollment period starts today, March 25th and ends on May 25th 2010.
The contest addresses the authors whose literary works were never published.
The UniCredit Literary Debut Contest includes three categories: novel, short stories and poetry. The submitted works will be valuated by renowned names in the academic and literary fields, such as: Paul Cernat, Liviu Papadima and Mircea Vasilescu, who also juried the previous editions of the contest. The winning works, one for each section, will be published and promoted by the Humanitas publishing house, within the Gaudeamus International Book and Education Fair, 17th edition.
In partnership with PAVILION UNICREDIT, there will be organized meetings with renowned personalities from literary and publishing Romanian fields, on April 14th and 18th.
"The UniCredit Group has a wide tradition in arts and culture patronage programs", said Anca Nuţă, Identity & Communication Manager of UniCredit Tiriac Bank. “The UniCredit Literary Debut Contest is just another cultural initiative that we decided to continue because we want to support the young people who do not benefit from enough help to start a literary career. We are glad to have achieved the promotion, though our previous two editions, of six young people who deserved this contest as their starting point in their career and we are certain that this year's edition will also bring about works of talented writers."
"We carried out a small market research survey before organizing this contest, and we discovered that there are very few such initiatives and if any, they are generally restrictive - they either set an age limit, or they require the participants to submit Resumes. We wanted to organize a contest opened to absolutely everyone who is writing, whose works will be valuated by a jury, someone who is not part of any publishing house or group, where the only participation condition is not to have debuted already (with a published volume), and the selection criteria will strictly be the value of the texts, without any relevance in what regards the age, experience or prior achievements of the participants.
In the end, what matters the most, is the fact that through this contest, we manage to open an otherwise maybe inaccessible opportunity for certain authors. Furthermore, the debut in a prestigious publishing house is, in my opinion, an additional reason for us to carry on with this project", declared Cristina Guseth - Catalist Association.
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About UniCredit Tiriac Bank
UniCredit Tiriac Bank is a financial institution, with cultural and artistic supporting activities which particularly emphasize the area of visual arts, covering at the same time the musical and literature fields, in the tradition of the UniCredit Group.
The bank provides financial support for the independent art and culture center, opened as PAVILION UNICREDIT, being at the same time, a strategic partner of the Bucharest International Biennial for Contemporary Art. The cultural and artistic component in the bank's ethic and responsibility strategy is materializing in its involvement in long term projects, which it finances in the capacity of main partner - as it was the case for instance with George Enescu International Festival and Competition and the UniCredit Literary Debut Contest.
Catalist Association
The Catalist Association was incorporated in 2007 with the purpose to promote Romanian culture, Romanian writing works in general, as well as to support the future Romanian writers. Except for having organized the third edition of the UniCredit Literary Debut Contest, this association also developed projects whose objectives were: development and maintenance of written culture, the increase of the public audience's interest in reading and promoting published books, initiation and promotion of an unusual project - a serial novel, published online and written by 5 Romanian authors.
UniCredit Tiriac Bank is granting EURO 1 million to the company Agromec Stefanesti, as working capital crediting facility
25.03.2010
UniCredit Tiriac Bank granted a working capital crediting facility to the company Agromec Stefanesti, tiller and farm tractor vehicle dealer, amounting to Euro 1 million.
The new loan granted for a period of one year is the third facility of this type, which UniCredit Tiriac Bank is granting to Agromec Stefanesti. The company is a customer of the bank since 2006 and until present day, it was granted loans amounting to approximately euro 4 million, from UniCredit Tiriac Bank.
“We have always appreciated the transparency of Agromec, the open minded approach and good collaboration with this customer. We would like to get involved in the improvement of the Romanian economy, in increasing the extent of European funds granted for development, therefore we entirely support initiatives such as that of Agromec Stefanesti", stated Mr. Lucian Ghinescu, Branch Manager of the Rosetti Bucharest Corporate Branch of UniCredit Tiriac Bank.
Petrica Soare, General Manager of Agromec Stefanesti: “We want to play an active role in the “Cash for Clunkers" program for farm tractors, in which the government grants up to RON 17,000 but not more than 50% of the entire value of the new tractor, but we will also support our customers who are willing to access European funding sources. In this respect we have always been supported by UniCredit Tiriac Bank, the institution which provided us with the necessary funds whenever we needed".
In 2009, Agromec Stefanesti achieved an approximate turnover of euro 8 million.
The company is currently collaborating with a diverse range of customers, from budgetary institutions to economic agents operating in the agricultural field and farmers, at the same time providing servicing works for the shipped equipment.
UniCredit Tiriac Bank continued to support its customers, making it easier for them to overcome the crisis moments throughout the last year. The agriculture is a priority domain in the bank's financial strategy, with a high potential for the following period, especially considering the European funds which may be acquired in this field.
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515,000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities
In search of new talents for Master Programs in Banking
24.03.2010
- Admissions for 3rd edition of the International MBA in Retail Banking as well as the New Europe Master in Banking and Entrepreneurship are open
- Total or partial scholarships are possible
Young talents who wish to pursue an international career in the banking sector can find a profound training in two Master Programs launched by UniCredit Group in cooperation with experienced partners in their respective field. Both Master Programs focus on the banking industry, offering the possibility to enhance knowledge and skills, setting solid foundations for a career in the banking and financial industry.
The International Master of Business Administration in retail banking of Alma Graduate School and UniCredit is the only MBA, among the 2.500 masters offered in the global educational landscape, which has a focus on financial industry and retail. The intention of the course taking place in Bologna is to create a disciplinary itinerary which promotes first of all a leadership model based on the values and on the capacity to motivate and involve the others in achieving the objectives. Last year 21 students coming from Armenia, Cameroon, India, Italy, Macedonia, Mexico, Serbia, Sri Lanka, Taiwan, Turkey and Hungary seized this educational and professional opportunity.
Ideal profile of candidates
The MBA is open to young people from all over the world who wish to develop a successful career in the retail banking world, in the banking sector as a whole or more in general in the financial industry. The ideal candidates are aged between 25 and 32; have at least an undergraduate degree and have worked in a company for at least three years , not necessarily in the retail field. Courses are held in English, thus an excellent knowledge of the language is essential.
The MBA has a participation fee of EUR 25,000. The best candidates admitted to the programme will be offered various scholarships and thanks to an agreement between Alma Graduate School and UniCredit they may also request “honour loans” covering the total cost of the MBA plus a lump sum of 10,000 Euro to pay for personal expenses during the academic year.
This year’s edition will start in October and will develop throughout 12 months of full-time work. The final deadline for submission of the 2010/2011 application form is June 28th, 2010.
The New Europe Master in Banking and Entrepreneurship is a post-graduate program of UniCredit Group in cooperation with Fondazione Cassamarca. The Master aims at providing a technical and practical understanding of the European banking system and of the multifaceted relationships between banks and business communities. What differentiates this accredited Master’s program from other programs is its strong focus on banking and entrepreneurship, coupled with the opportunity to engage in a 3-month-internship at UniCredit Group.
Ideal profile of candidates
This program is particularly geared to students from Central and Eastern European countries, providing them with a chance to live in Italy and absorb the language and culture of the country. Candidates should have a university degree (bachelor’s or master’s degree) and a certificate demonstrating their proficiency in English. Furthermore preferably is a finance-related internship experience and/or 1-2 years of work experience.
The New Europe Master Program lasts one academic year, with compulsory attendance and the 8th edition will start in October. The deadline for the submission of the application form is June 30th, 2010. The premises for this Master program are situated in Conegliano, a town in the heart of the Veneto region which represents a gateway to Eastern Europe and is well known for its entrepreneurial formula. The participation fee for the Master’s program is EUR 25,000. This includes board, lodging and teaching material. The sponsors of the Master’s program will award the selected candidates with a scholarship covering up to EUR 22,000 of the registration fee.
UniCredit Tiriac Bank reduces the costs for the Internet Banking Service for SME and individuals
24.03.2010
- The Internet Banking service is free of charge for the SME customers acquiring a current account package from UniCredit Tiriac Bank starting from Wednesday, March 24th
- For individuals, the cost of the digipass, the security device enabling the access to the Internet Banking account, was reduced by 40%, to €12. The tax is charged as before, just once, when the account is opened.
- Inter-banking transactions (between UniCredit Tiriac Bank customers), operated via Internet Banking are free of charge and the cost for transactions with other banks is 50% less than the costs for cash desk operations.
March 24th, 2010 - UniCredit Tiriac Bank cancelled the €20 guarantee charged for the digipass used for accessing the Internet Banking service for SME customers.
Therefore, starting from today, the SMEs acquiring a current account package from UniCredit Tiriac Bank will have free access to the Internet Banking service.
In what regards individuals, the tax for the digipass used in accessing the Internet Banking services was reduced by 40%, respectively from €20 to €12. This tax is charged only once, when the account is opened.
Internet Banking transactions are convenient for customers, whereas:
· They are free of charge for inter-banking operations and 50% cheaper than the cash desk operations
· Operations take less time, because it is no longer necessary to go to the cash desk.
· The security of the service is provided through 3 levels of safety (user, PIN and a unique code generated by the digipass and valid for only 20 seconds)
· They provide the opportunity to pay the facility bills by predefined patterns or by direct payment to the respective facility provider.
"By this new price change for the Internet Banking services, we would like to welcome our customers with simple solutions, accessible and convenient. In the close future, we would like the Internet Banking Services to become as used and necessary as it is the case of mobile phones in Romanian people's day to day life", stated Doina Costache, Head of MultiChannel Management in the Marketing and Segmentation Department, Retail Division of UniCredit Tiriac Bank.
UniCredit Tiriac Bank has approximately 50,000 individuals and over 20,000 SME customers, users of the Internet Banking service.
In 2009, the number of Internet Banking users increased by 60%, as compared to last year.
The Internet Banking Service provided by UniCredit Tiriac Bank may be accessed by using any computer connected to the internet or through any of our 52 Non-Stop Banking machines (machines for banking operations, available 24 hours a day, 7 days a week). The list of these machines may be seen on the bank’s website http://www.unicredit-tiriac.ro/.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515,000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank offers the Real Estate Acquisition Loan, with a margin of only 5.95% for EURO, free of any pre-approval charge for the customer
23.03.2010
UniCredit Tiriac Bank offers the Real Estate Acquisition Loan with a competitive margin, of 5.95% above EURIBOR for 6 months, valid for any level of the paid advance. Furthermore, the customer will not pay any loan pre-approval tax.
For instance, for a loan of euro 52,000, to return in 30 years, the variable interest will be of 6.94% (EURIBOR 6 months + 5.95%) and the effective annual interest rate will be of 7.52%. Consequently, the monthly installment paid by the customer will be of EURO 348.
The Bank does not charge a loan administration fee or an analysis fee, but only a granting fee, of 2.3% of the granted amount, payable only once.
The Real Estate Loan is destined for acquisition of a property or a piece of land, as well as for financing rehabilitation works; the loan may be applied for by any person aged between 20 and 65 with a family net income of minimum 850 RON.
The loan covers up to 80% of the cost of the real estate property and the crediting period may be from 3 to 30 years for the acquisition of a property or a land and from 3 to 10 years for financing of rehabilitation works.
LOAN GRANTING FLEXIBILITY Upon the eligibility assessment, UniCredit Tiriac Bank will take into account revenues from salary, bonuses, pensions, sales commissions, per diem, copyrights, rents, dividends and income from liberal professions or life annuity.
Both the loan value, as well as the most appropriate crediting period will be established by taking into account all these sources.
The interest rate is of: EUR - 6.94% /year; RON - 11.80%/year; USD - 8.93% /year.
For customers who are natural persons, contracting simultaneously a loan (exceed for Consumer Loan) and a credit card, UniCredit Tiriac Bank will return 1% of the value of transactions operated by credit card with economic agents throughout a year, and this amount of money will be reused for payment of the loan monthly installments.
This offer is available for customers who have both crediting products active upon completion of every year after the credit card issuance date. Upon the respective date, the customers will receive in their current account 1% of the value of transactions operated by credit card with economic agents both in Romania and abroad.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a real "one-stop-shop" for financial services, currently provided to 515.000 active customers, through 241 branches. In Romania, the group offers a wide range of specialized products and services through its partners: UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.
UniCredit Tiriac Bank has assigned EUR 16 million for the second phase of the First House program
05.03.2010
UniCredit Tiriac Bank received yesterday, March 4th, the confirmation for participating in the second phase of the "First House" government program, having assigned a limit of EUR 16 million.
UniCredit Tiriac Bank’s offer for continuing the First House program entails keeping the previous costs, namely the interest made up of 3 months EURIBOR + 4.0% margin for loans in Euro, and 3 months ROBOR + 2.5 % margin for loans in RON.
The bank does not charge a loan granting fee, or an early repayment fee.
UniCredit Tiriac Bank facilitates the payment of the administration fee to the National Loan Guarantee Fund for SME, by splitting it into monthly fees of 0.03% of the loan balance account. Therefore, thus resulting a standard cost of 0.37% / year, charged by all banks participating in the program.
The offer will be available as of next week in all UniCredit Tiriac Bank branches.
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About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the biggest bank group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, from which about 600,000 customers currently benefit through approximately 240 branches.
UniCredit receives mandate for SEPA payments of the European Commission
22.02.2010
The European Commission has charged UniCredit with carrying out a large portion of the Commission's SEPA payments. Thus, UniCredit is one of four banks responsible for all SEPA payment transactions on behalf of the European Commission from now on.
Sergio Ermotti, Deputy-CEO of UniCredit: "This mandate shows the quality of our Global Transaction Banking capabilities that allows us to serve our clients in 22 European countries."
Marco Bolgiani, Head of Global Transaction Banking of Uni-Credit: "The crucial factor for the European Commission's positive decision was our strong commitment to SEPA, together with our large network all over Europe."
The mandate was awarded as the result of a tendering process in which all banks in Europe were invited to take part. "With a share of between 25 and 35 percent of the total volume, we have proved our competitiveness once again", said Marco Bolgiani. The total transaction will amount to more than 1.6 million international payments with a volume of over EUR 33 billion. The European Commission's deci-sion to process payment transactions via SEPA in the future and to focus on four banks means it will progressively abandon the previous model in which local banks in every European state were responsible for processing the respective payments.
UniCredit Tiriac Bank launches MasterCard Gold Miles & More chip credit cards
01.02.2010
- The MasterCard Gold Miles & More chip credit cards have an increased degree of security, their forgery being nearly impossible
- The MasterCard Gold Miles & More magnetic strip credit cards may be replaced with the chip credit cards, for no additional cost
Bucharest, 1st of February 2010 - UniCredit Tiriac Bank launches MasterCard Gold Miles & More chip credit cards. The new payment instruments allow the storage of additional information, so that new types of services and fidelity programs may be developed.
Due to the chip, the MasterCard Gold Miles & More credit cards offer, first and foremost, an increased security to the holders, as it is very difficult to forge. Moreover, these payment instruments allow offline transactions, in conditions of maximum security without the need of contacting the issuing bank, all of these due to the security configurations of the chip. Thus, the payment processing speed will increase. Last, but not least, the MasterCard Gold Miles & More magnetic strip credit card holders who wish to replace them with the chip version may do so for no additional cost.
"We wish to offer the bank’s clients efficient and safe payment instruments, that is why we introduced in our portfolio the MasterCard Gold Miles & More chip credit card", stated Bogdan Spuza, Marketing and Segments Director of UniCredit Tiriac Bank. "We consider that by launching this product with superior security features we meet the needs and expectations of out clients."
"Last year, the MasterCard Gold Miles & More credit card was the first to bring on the Romanian market the largest fidelity program in Europe, which enjoyed great success in the neighboring countries", said Cosmin Vladimirescu, Account Manager for Romania, MasterCard Europe. "MasterCard supports the partner financial institutions in the migration process for the EMV technology and we are certain that, beside the benefits already known by the MasterCard Gold Miles & More card holders, they will appreciate the extra safety offered by the introduction of the chip."
Miles & More is the largest fidelity program in Europe, which targets frequent fliers, offering the possibility to accumulate and spend premium miles.
The MasterCard Gold Miles & More chip credit cards offer multiple advantages to the clients, who may accumulate premium miles when flying with Lufthansa and the Miles & More partner air flight companies, when they use partner hotels, when paying bills, as well as when they pay using the card. The miles thus accumulated may be used in order to pay for air flights or to obtain various discounts. The MasterCard Gold Miles & More chip credit cards also include international travel insurance from AIG România.
In Romania, UniCredit Tiriac Bank launched in May 2009 the magnetic strip version of the co-branded MasterCard Gold Miles & More card.
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About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest bank group in Central and Eastern Europe. UniCredit Tiriac Bank is a true "one-stop-shop" for financial services, which currently has approximately 600,000 clients via 242 branches. The Bank offers in Romania a large range of specialized products and services by its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB România, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.
About Miles & More
Miles & More is the program dedicated to the frequent fliers, developed by Lufthansa, in partnership with air flight companies Adria Airways, Air Dolomiti, Austrian Airlines Group, Cirrus Airlines, Croatia Airlines, LOT Polish Airlines, Lufthansa Regional, Lufthansa Private Jet and Swiss International Air Lines. Launched in 1993 by Lufthansa, the program currently has approximately 16 million members world-wide, being the largest fidelity program in Europe for frequent fliers. The Miles & More members accumulate premium miles when they fly using each of the Star Alliance partners, but also when they make transactions with the partner dealers. The accumulated premium miles may be used for paying air flights or for obtaining other prizes.
About Lufthansa
Lufthansa Group sums up a number of privately-owned companies, which offer air transport services, including passenger flights by Deutsche Lufthansa AG, logistics, catering for flights, flights device maintenance and informational technology. Lufthansa is a founding member of the Star Alliance, developing one of the most powerful alliances in the industry.
About MasterCard Incorporated
MasterCard Incorporated promotes global commerce, offering an essential economical connection between financial institutions, companies, card holders and dealers, world-wide. In its triple capacity of franchisor, processer and counselor, MasterCard develops and supports payment solutions, processes over 21 billion transactions each year and offers specialized tests and consultancy services to the financial institutions that are it clients and to dealers. With the support of MasterCard Worldwide Network and via its trademarks MasterCard®, Maestro® and Cirrus®, MasterCard offers services to clients and companies in over 210 countries and territories.
UniCredit Group awarded by Global Finance
15.01.2010
The prestigious financial magazine “Global Finance” awarded during a ceremony held in New York on January 15th 2010 the best providers of treasury and cash management.
UniCredit was nominated as best bank in CEE for Cash Management services in all three possible categories:
- Best Payments & Collection Bank
- Best Liquidity Management
- Best Overall Bank for Cash Management
We thank our clients and partners for their support and for the contribution to our performances.
