Press Releases
23 Communication Ideas and UniCredit Tiriac Bank won the gold trophy at Art Directors Club Awards
06.12.2012
Within Art Director’s Club Awards Gala, that took place on 5th of December, to the French Institute – Elvira Popescu Hall, were awarded the most creative campaigns in Romania in the last year.
To the TV category, 23 Communication Ideas won the Gold Trophy for two spots: “The Professor” and “The Pregnant Woman”, created for UniCredit Tiriac Bank, aiming to promote the main benefit of Express Loan: 24 hours approval. The trophies were received both for “financial-banking” and TV categories.
However, within the event, Bogdan Costin form Communication Ideas was named the Copywriter of the year, for the same TV campaign for UniCredit Tiriac Bank.
“We were very glad to receive these awards, especially because our colleagues from the marketing teams of UniCredit Tiriac Bank and UniCredit Consumer Financing became extremely involved in this project and 23 Communication Ideas understood perfectly our brand positioning and the messages we were willing to send. The campaign and the spots were especially designed for the Romanian public, for which finding a brilliant and unexpected solution is characteristic. We wanted to show that are viable alternatives for their short-term financial needs and we wanted to transmit this in a relevant way, in the Romanian typical humor, Bogdan Naumovici trademark. This combination proved itself to be a winner and we are honored that we were on the same stage last night to celebrate our joint efforts. We are thanking Bogdan and his team”, stated Anca Nuta, Identity&Communication Director, UniCredit Tiriac Bank.
“It is by no means the first achievement of this importance, we have been receiving during time, several awards for the best spots, prints or other campaigns, culminating with the awards for the best campaign and spots of the decade, received last year. But this year award is special from different points of view. First of all, because it comes not only in a time of crisis, but also in a time of client’s courage or of agency’s creativity. Secondly, because it’s received in a very difficult category and usually less creative, financial banking services. Thirdly, because is the first edition of Art Director’s Club awards and I’m glad for the received recognition from my colleagues, the best Romanian creation directors”, said Bogdan Naumovici, 23 Communication Ideas founder.
About UniCredit Tiriac
UniCredit Tiriac Banks is part of UniCredit Group, European top bank which has the broadest network from CEE, counting 3.900 branches.
In Romania, UniCredit Tiriac Bank is one of the main financial institutions, offering high quality services and products for all clients category.
The bank aims to constantly focus on its clients, being a partner whom is easy to work with and to be a very active part of the communities.
UniCredit Group is present in Romania and through partners: UniCredit Leasing Corporation, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Financing (UCFin) and UniCredit Business Integrated Solutions (UBIS).
From 1st of September 2012 UniCredit Tiriac Bank collaborated with The Mark’s agency.
Writing for CEE 2012 goes to the Czech journalist Martin Ehl
20.11.2012
The Czech journalist and political analyst Martin Ehl is this year’s winner of the "Writing for CEE" European journalism prize. Ehl, a senior editor of the renowned Czech business daily "Hospodárské Noviny", wrote a series of incisive articles covering current issues in Europe. "Martin Ehl shows us how entertaining sophisticated, high-quality journalism can be," said Ambros Kindel, the chairman of the jury, in his praise of the winner.
APA - Austria Presse Agentur and UniCredit Bank Austria will present the award for EUR 5,000 Monday evening in Vienna. The guest of honour at this year’s award ceremony will be Wolfgang Petritsch, the Austrian Ambassador to the Organisation for Economic Co-Operation and Development (OECD) and the former High Representative of the International Community for Bosnia and Herzegovina. His speech will be dedicated to the topic of "The EU and Southeastern Europe - Challenges and Prospects".
The annual award is meant to transcend the boundaries of editorial departments and national borders and to stimulate the journalistic examination of European issues and integration. The prize aims to encourage closer ties between countries and make a contribution to overcoming prejudice.
The jury, which meets in various constellations, is made up of the Slovak journalist Michael Berko, the Bulgarian author Janina Dragostinova, the Czech communications expert Milan Smid, the communications advisor Ildiko Füredi-Kolarik, the Polish journalist Pawel Bravo, the Hungarian journalist Julia Varadi, the Slovene winner of last year’s award, Meta Krese, UniCredit Bank Austria’s CEE spokesman, Tiemon Kiesenhofer, and the CEE communications advisor and APA’s long-standing editor-in-chief for foreign affairs, Ambros Kindel.
The previous winners were the Czech journalist Lubos Palata (2004), the Bulgarian author Diana Ivanova (2005), the Bosnian journalist Sefik Dautbegovic (2006), the Austrian author Martin Leidenfrost (2007), Anna Koktsidou, a radio journalist who was born in Greece and raised in Germany (2008), the Austrian journalist Florian Klenk (2009), the Bosnian author Azra Nuhefendic (2010) and last year’s winner, the Slovene journalist and photographer Meta Krese.
The winning entry, a selection of the texts submitted and additional information about the prize will be available online starting on 20 November. The prize will be awarded again in 2013: Submissions may be sent from now until 31 July 2013.
UniCredit Tiriac Bank supports the development of social enterprises in Romania, through a dedicated competition
19.11.2012
- "Your Choice, Your Project" supports existing social enterprises, aiming at developping and consolidating their activities.
- Each of the four winning projects will receive a financial support of 7500 EUR; the beneficiary projects are: PRIETENIA Association - BIOHRANA Social Enterprise; "Ajutaţi Copiii România" Foundation- ALBĂ CA ZĂPADA Social Enterprise, RUHAMA Foundation, Oradea -PLAN INFO Social Enterprise and "Dezvoltarea Popoarelor" Foundation, Bucharest - PROIECT MOZAIC Social Enterprise.
- UniCredit employees were actively involved, granting, through their votes, an additional award of 2000 EUR.
UniCredit Tiriac Bank and UniCredit Foundation, in partnership with NESsT Foundation Romania, sustains social entrepreneurship in our country, through a financial support granted to four projects, selected within the “Your Choice, Your Project" contest.
A social enterprise can be defined as a business meant to offer solutions to a severe social problem, in a sustainable way. One of the challenges that not -for- profit organizations are facing is finding a systematic, responsible and professional way to sale products and services, in order to enhance their social impact.
The collaboration between the three institutions has as starting point the insufficiently exploited potential of the field and the important benefits brought not only to directly supported social categories, but to society as a whole. In this context, “Your Choice, Your Project" addresses existing social enterprises, which demonstrated their sustainability, the financial support being directed towards their development and consolidation.
The four winning projects, chosen among the 19 social enterprises which answered the organizers’ call for projects, were evaluated according to a number of criteria in accordance with UniCredit Group’s values and policies, each one of them receiving a financial support amounting 7.500 EUR.
The projects which will benefit from financial support are:
PRIETENIA Association - BIOHRANA Social Enterprises
BIOHRANA produces ecological vegetables and fruits, with the purpose of covering the needs of the Pantelimon Social Therapy Center and for sale. The project entails the construction of a bakery, which will create working places for people with intellectual disabilities and will provide the center’s daily need of bakery products, thus contributing to its funding with up to 20% from the annual budget.
“Ajutati Copiii Romania" Foundation - ALBA CA ZAPADA Social Enterprise
“ALBA CA ZAPADA" is a protected unit that presently provides four types of services, performed by people with disabilities: laundry, cleaning, sewing and green areas cleaning. The project creates four new jobs in the cleaning team, through the purchase of professional equipment.
RUHAMA Foundation, Oradea - PLAN INFO Social Enterprise
PLAN INFO produces wickerwork, being established with the purpose of increasing the employment rate among the Roma population, by creating ten work places for the disadvantaged communities from Bihor. The project entails the leasing and setting up of a wicker plantation, promotes the workshop and covers the new employees’ salaries during the induction period.
"Dezvoltarea popoarelor" Foundation, Bucharest - PROIECT MOZAIC Social Enterprise
PROIECT MOZAIC is a social enterprise established with the purpose of involving disabled people, through a complex and creative activity: mosaic. The project aims to strengthen the social enterprise, through the diversification of the product range and the improvement of its quality level, maintaining 14 work places and increasing sales volume.
UniCredit employees were actively involved in this initiative, by designating, through their vote, the beneficiary of an additional award in amount of 2.000 EUR, offered to BIOHRANA.
“In this difficult period, social entrepreneurship represents an efficient solution through which we can intervene in those areas that need support, directly implicating the targeted beneficiaries. This is an example of an excellent use of business instruments with the purpose of producing social effects and contributing to the development of the community in which we live. Although relatively new in Romania, social enterprises represent one of the fields of interest for which UniCredit Foundation had developed projects starting with 2007, Thus, benefiting from our colleagues’ experience, we hope to be able to produce major impact changes also at a local level", declared Anca Nuta, Head of Identity and Communication, UniCredit Tiriac Bank.
In 9M 2012, UniCredit Tiriac Bank records a net profit of RON 146.8mn 18.4% higher than 9M 2011
13.11.2012
- 14% year-on-year growth of customer loans;
- 25% year-on-year growth of customer deposits;
8 November 2012 - In 9M’12 UniCredit Tiriac Bank reports RON 146.8mn (EUR 33.1mn) net profit, up 18.4% compared to 9M’11. In Q3’12 the reported net profit is RON 71.8mn, close to the performance obtained in the whole first half of the year.
Total revenues were RON 906mn (EUR 204mn) in the first 9M’12, down 1.3% year-on-year, mainly due to lower net interest margins driven by drop in benchmark rates, high price of deposit, higher deposit volumes and higher cost of funding. Operational expenses were up 3.5% year-on-year, at RON 471mn (EUR 106.3mn). Loan impairment dropped 19.4% year-on-year.
Return-on-equity improved versus 1H’12 (6%) and versus last year (6.9%) reaching 7.6%. Cost-to-income ratio for the period was 52%.
Balance sheet total of the bank reached RON 23.8bn (EUR 5.2bn) at the end of September 2012, up 10.5% compared to a year ago, and up 4.2% year-to-date. Outstanding on-balance sheet loan portfolio is RON 17.6bn (RON 20.6bn including externalised loans), up 13.7% year-on-year and up 10.8% year-to-date. This includes 45% year-to-date growth in small business and 21% year-to-date growth in mid-size corporate portfolio. Customer deposits reached RON 12.4bn, up 25.1% year-on-year and up 7.6% year-to-date. This brought the Loan-to-deposit ration down to 142% which is 14 percentage points lower than a year ago.
Solvency ratio reached a comfortable level of 12.72%. Asset quality is stable. Annualised Cost-of-risk dropped from 162bp in 1H’12 to 154bp in 9M’12.
“In 3Q’12, the bleak EU markets situation and the local specific developments in Romania did not fuel much into business growth and turnaround of slipping economic trends. The accompanying business risks augmented. Margins stayed low and did not give much options but making further optimization steps. UniCredit supported by solid capital base and ample liquidity compensated also with business volume growth. Thus we registered increase in bottom line and good advancement in market positioning”, said Rasvan Radu, CEO of UniCredit Tiriac Bank.
About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of UniCredit, easily the number one group on the CEE banking market, that operates by far the leading network throughout the countries of the region, with over 3,900 branches.
In Romania, UniCredit Tiriac Bank is one of the main financial institutions, with 209 branches and 595.000 clients, a trully universal commercial bank, providing high quality products and services for all the customer segments in the market. We are committed to generating value for our customers, we consistently strive to be easy to deal with and we are dedicated to the development of the communities in which we live.
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 Integrated Solutions (UBIS).
UniCredit Tiriac Bank and HOSPICE Casa Sperantei invites the public and companies to participate in a unique charity marathon
05.11.2012
- The "1000Balkan Charity Challenge" marathon will take place between 10 and 19 November 2012 and the participants will run or cycle through 1000 km between Bucharest and Sofia, crossing Danube and the Balkan Mountains.
- Companies and individuals are invited to subscribe to a spectacular adventure which combines passion for sport with the desire to support special humanitarian causes.
- The funds raised with the occasion of the marathon will be used to support the projects of ten nonprofit organizations from Romania - for example, to care of the children who suffer of terminal diseases, which are in care of HOSPICE Casa Sperantei.
HOSPICE Casa Sperantei Association and UniCredit Tiriac Bank will organize between 10-19 November a unique charity marathon, between Bucharest and Sofia and return, for a distance of 1000 kilometers. "1000 Balkan Charity Challenge" marathon has the goal to raise funds for 10 humanitarian projects, for example taking care of children who suffer of terminal diseases, which are in the care of HOSPICE.
The Marathon will be a true adventure, because the trail implies crossing twice the Danube and Balkan Mountains, passing through places with spectacular landscapes, from 0 to 2000 meters altitude. That is how, the first part of the marathon, from Bucharest to Sofia will be crossed by bicycle, in three days, 150 km by day. On return the participants will pass the route running, for 7 days, 65 km by day.
The companies are invited to support the marathon and to contribute to the financing of 10 humanitarian projects, with amounts between 100 and 3000 euro. Also, the sports passionate who want to participate in this adventure are invited to subscribe until November 5th , based on available places. In exchange of a moderate fee, they can choose to go through the whole trail or just a part of it. Once entered in the race, the participants will choose a humanitarian cause to sustain and will try to convince their acquaintances to donate for it, during the 10 days of the marathon.
Details about the organizing of the marathon, about the ten humanitarian causes for which the funds are raised, about subscribes or other ways to get involved in the project can be found on the site. Also, during the marathon, photographs and updates about ongoing event will be published on the site, and the public will be able to make donations.
"1000 Balkan Charity Challenge" marathon is a premiere for Romania and also for Bulgaria, and its initiator is Stanislav Georgiev, CFO and Executive Vicepresident of UniCredit Tiriac Bank. Georgiev says that the idea of this initiative "is indeed a special one and I am proud to be an active part in organizing it, both as a representative of UniCredit Tiriac Bank and as an individual genuinely concerned with charity and civic involvement.
He also considers that "charity and sports are both domains which naturally appeal to people and we hope that this formula - combining biking and running with the aim of raising funds in the benefit of the supported foundations - will reach people’s hearts and will help not only raise awareness on the causes, but also on the great significance of the involvement of each of us. The fact that the route crosses through Romania and Bulgaria gives the particularity of the event and adds a symbolic value, in terms of the cooperation between the two countries".
The marathon will be organized with the logistic support of two specialized clubs, one from Romania and the other from Bulgaria, Ro Club Maraton and Begach Running Club. This way, the participants will benefit of the best conditions during the trail and will be accompanied by a support team formed by a doctor and two volunteers which will provide medical services, food and hydration.
Among the companies that sustain the event already are: Rompetrol, Hotel Pullman and Isostar, but other partners are expected to join also.
UniCredit Tiriac Private Banking clients can benefit of the most prestigious investment consulting on the international market, through Schoellerbank
18.10.2012
UniCredit Tiriac Private Banking offers to its clients the opportunity to invest on the local and international market, through the strategic partnership signed with Schoellerbank, one of the long-term tradition institutions in Private Banking services from Europe, founded in 1833, UniCredit member, UniCredit Bank Austria subsidiary.
Private Banking clients that want to diversify their portfolio and to profit of innovatory, advantageous and secure solutions, through UniCredit Tiriac Bank, have the option to collaborate, under the highest standard of proficiency in the financial field, with the prestigious Schoellerbank.
“Our clients want safety and optimization for their capital, privacy, to receive coherent solutions, as a global financial offer and high quality services. In a single word, they want the excellence in the financial investment field. The Schoellerbank Partnership allows us to answer to the entire range of clients’ financial needs, offering this way the access to the complex external market products and services, and also to the specialized advising of our experts of one of the most prestigious institutions of Private Banking from Europe. The beginning of the collaboration with Schoellerbank took place in 2010, Private Banking international services becoming in time an integral and essential part of the additional value generated by UniCredit Tiriac Private Banking. This portfolio development was remarkable, both in terms of profit margins obtained, this way sustaining the business reason for both parts (client and bank), but also the clients’ satisfaction”, declared Anca Eremia Private Banking Director of UniCredit Tiriac Bank.
The options for the clients that focus towards a collaboration with Schoellerbank on the external markets, are numerous. Schoellerbank experts manage diversified categories of portfolios, with exposures on multiple risk profiles, including different classes of financial assets (bonds, assets, founds, derivates, goods) on any geographical region. For the last ones, the clients chose depending on the country’s exposure, activity field (finance, IT) or funds that are meant to protect against inflation. Minimum limit needed to collaborate with Schoellerbank is one million euro.
“If we are referring to investment options, the solution is most of the time a mix of investments, which is made according to the risk profile and client’s preferences. Regardless of the individual options that customers may have, Schoellerbank aims towards the security and optimization of customer’s capital, and our advisors are dedicated to create added value and to assure them the financial prosperity”, said Stephan Maxonus, Private and Institutional Investors Director, Schoellerbank.
The process through which a Private Banking client of UniCredit Tiriac Bank can access Schoellerbank’s services is very simple: after the discussion with the assigned investment advisor of UniCredit Tiriac Private Banking, the client meets with the Schoellerbank representatives from Vienna, then are identified the necessary details for the following potential collaboration: financial needs, a certain range of products and services, other relevant details to decide over a medium or long term investment plan. Administrative details like opening the accounts at Schoellerbank, after the client agrees with the collaboration conditions and shows his interest, are made together with UniCredit Tiriac Bank through the assigned investment advisor. Portfolio’s monitoring is carefully realized by the assigned team from Vienna, are set up regular meetings and constant briefings with established frequency according to each client.
UniCredit Tiriac Bank was awarded for The Best Bank Of Cash Management from Romania, by the Euromoney prestigious magazine
10.10.2012
- UniCredit Tiriac Bank was named "The Best Cash Management Bank" from Romania, according to Euromoney Cash Management Poll 2012;
- UniCredit Group was chosen "Best Cash Management House in Central and Eastern Europe" and Top 3 Cash Management House in Italy and Germany, according to the same survey;
- UniCredit ranked first at global level and sub-categories "Industry expertise and knowledge", "Technical support and guidance", " Compatibility with clients’ systems";
- Euromoney Survey gathered more than 17,000 feedbacks from international corporate;
Euromoney awarded UniCredit Tiriac Bank for "Best Cash Management Bank" from Romania, according to Cash Management Poll 2012, the results have been made public today.
"This reward represents a big achievement, which confirms that our constant efforts, to offer the best services and facilitate the access to the other market transactions are appreciated by our clients. We value the recognition of the companies and we will continue to focus on the improvement and development of our offers", said Marco Esposito, Executive Vice President of Corporate Investment Banking& Private Banking Division (CIB&PB) of UniCredit.
The same Poll shows that UniCredit is the favorite bank for Cash Management services, of international companies with transactions in CEE.
Euromoney also awarded UniCredit for the Cash Management performances in Italy and Germany, where the group is one of the leading three providers of these services.
UniCredit received the award for Best Cash Management House in Romania, Bosnia Herzegovina, Czech Republic, Croatia, Hungary, Poland and Slovenia. Euromoney’s poll gathered more than 17,000 feedbacks from international companies and was published today, being available on the journal’s website.
"Cross-border services represent one of the main pillars of the UniCredit’s corporate client’s strategy. Therefore, I’m extremely proud for the distinction attributed by our customers to our cash management services. In the last years we focused very much on the increase of our customer satisfaction in relation with the bank. This evolution was measured based on our clients’ interviews. Our example of service and decision making structures are oriented towards this issue, and the customers’ satisfaction is a key element in new product development. The recent Euromoney poll, and also the group’s awards confirm our strong beliefs that we must keep this path", added Gianni Franco Papa, Head of CEE Division, UniCredit.
This year’s survey designates UniCredit as the Best Cash Management Bank at global level, for 3 sub-categories: "Industry expertise and knowledge", "Technical support and guidance" and "Compatibility with clients’ systems".
New Mobile B@nking application from UniCredit Tiriac Bank
02.10.2012
- Mobile B@nking application, launched by UniCredit Tiriac Bank, it’s compatible with the majority of mobile telephones, in any national or international mobile network.
- The token used for the access to Online B@nking in the case of desktops/laptops is no longer necessary, due to the incorporation of security into the application program. The access is made only by using the mobile phone and a PIN which guarantees the safety and confidentiality of transactions.
- With the new options, the bank wants to offer their clients complete, approachable and advantageous, long distance banking services. UniCredit Tiriac Bank wants to impose itself as the best bank with long distance access from Romania.
UniCredit Tiriac Bank launches the Mobile B@anking application, which allows clients to access banking services in any moment, with a minimum effort and in complete safety, by having a mobile phone with internet access. Thereby, UniCredit Tiriac Bank is one of the first banks from Rumania that implements the Mobile B@nking service for almost any type of mobile phone or tablet: iPhone, iPad, BlackBerry, Nokia, Samsung, HTC, LG, Motorola, Sony Ericsson etc.
The client can ask for the new aplication in one of the bank’s branches or by the already existent Online B@nking account, using the dedicated submenu. In maximum 48 hours, the client receives, through sms, from UniCredit Tiriac Bank, the necessary data for the application download and validating its own account. It’s very simple: the secured application is downloaded directly to the client’s phone/tablet. The application can be downloaded almost on any mobile phone, regardless of national or abroad mobile phone network.
Another innovation for the mobile phone banking services offered by UniCredit Tiriac Bank, compared to using a desktop/laptop, is the replacement of the token with a security program in the application. Mobile B@nking service is secure, the security device no longer being necessary, due to the incorporation of this special program. Thereby, the security code could be known directly from the mobile phone. The access to the application is, so protected by the activation code, the PIN code set by the client and the security code integrated by the application.
Mobile B@nking is very affordable and advantageous. With only 2 lei a month or no cost with some types of packages, the client has access to his accounts. For the transactions made through Mobile B@nking, the clients are charged the same fee for payments made through Online B@nking.
This type of services, Online B@nking/Mobile B@nking, allow customers to save significantly, taking into consideration that these transactions are free between UniCredit Tiriac Bank accounts or 50% cheaper comparing with those made at the tellers.
“We are willing to offer to our clients a more complete, advantageous and available at any time way to work. Mobile B@nking and Online B@nking represent one of the most dynamic services offered by our bank, because we are conscious that is very important to keep up with the technological innovations, to offer the best solutions", declared Bogdan Spuza, Marketing &Segments Director of the Retail Division of UniCredit Tiriac Bank.
The number of users of online banking services, provided by UniCredit Tiriac Bank has reached, at the half of this year, over 116.000 of clients, of which over 79.000 are individuals and 37.000 legal entities.
Transactions that could be made through Mobile B@nikng:
- Account viewing (history, transactions, no time limit)
- RON payments (standard and urgent)
- Transfer between accounts
- Payments patterns
- Cards
- Currency Exchange
Advantages
- Time saving - the service is permanent. In addition, the clients profit of the professional technical assistance by phone, e-mail or online messages, from Monday to Friday between 8:00 am and 8:00 pm.
- Saving money - The transactions made through Online B@nking are free between UniCredit Tiriac Bank accounts or 50% cheaper comparing with those made at the tellers in case of the transactions with accounts opened in other banks.
- Simple access and flexibility - the service can be used non-stop from the phone, iPad or iPod, no matter where is the client, how long exists internet connection, the access being made by introducing the security code, not being necessary a device for logging and/or signature/validation of payments.
- Constant information - the client can check in any moment the expenses made, being enough to check the history option. Also, receiving technical assistance by phone by any moment.
About UniCredit Tiriac Bank
UniCredit Tiriac Banks is part of UniCredit Group, European top bank which has the broadest network from CEE, counting 3.900 branches. In Romania, UniCredit Tiriac Bank is one of the main financial institutions, offering high quality services and products for all clients category. The bank aims to constantly focus on its clients, being a partner whom is easy to work with and to be a very active part of the communities. UniCredit Group is present on the Romanian market through 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 Integrated Solutions (UBIS).
Bonus Plus and Multi Depo, two innovative saving products
20.09.2012
Very advantageous interests and flexible maturities
The lei interest rate could measure 8,25% a year for the last 8 months of Bonus Plus deposit. The euro interest rate is 6,10% for the last period of the Bonus Plus deposit. For Multi Depo, the interest rate is 4,5% for 4 years.
UniCredit Tiriac Bank launches two new innovative saving products, for individuals. These products are offering two major benefits: very advantageous interest, specific to medium term deposit and maturity flexibility. In addition, the products’ structure represents a premier on the Romanian market, being conceived to adapt better to the needs that the clients may have during the deposit period.
The first of the two products, Bonus Plus, is an eight months term deposit, with two automatic renewal options, with interest paid every eight months and consistent interest bonus for the third period of the deposit. The product, which may reach a two year maturity, is available both in RON and in foreign currency (EUR and USD).
The interest rate for this product is fixed, settled at the beginning of the contract for all 3 deposit periods. At this time, the interest for lei deposit is 5,25% a year for the first two periods of deposit (8 months each), and for the last eight months (second renewal period to maturity), interest will be 8,25% per year (i.e. 5,25% + 3% bonus).
For the euro Bonus Plus deposits, the initial interest rate is 3,10% per year, available for the first two periods, and for the last period, it will reach 6,10% per year (3,10% +3% bonus). Also, the interest for USD deposit is currently 2% per year in the first 16 months, reaching 5% in the last period (2% + 3% bonus).
Every 8 months, the interest is paid in the client’s current account.
“Bonus Plus solution comes to support the clients that are looking for very important benefits in the same place: very advantageous interest, secure gains during the contract, regular payment of interest, which may represent a source for various expenses. We also address to those customers who want flexible ways to dispose of their savings in a short period (up to 1 year) and medium (2 years)” said Bogan Spuza Marketing & Segments Director, Retail Division, UniCredit Tiriac Bank.
Another important benefit for the customer is that if he wants to have the money from the deposit, during a period of maximum 24 months, can be withdrawn without any penalty. Depending on the time of dissolution, the period since the last deposit until the dissolution, shall be paid interest current account.
For Bonus Plus, the bank doesn’t charge fees for opening, maintenance and closing. Also, the client doesn’t pay any commission to withdraw the amount of the deposit, in cash, maturity date, in any of the branches UniCredit Tiriac Bank.
The deposit aims towards the individual customers, residents or non-residents, existing and new customers, saving over 50.000 lei/10.000 EUR/12.500 USD, seeking solutions for medium term deposits.
The second product is a multiple maturities deposit and increasing interests. Multi Depo is a deposit for four years, available only in EUR and USD. The deposit has three intermediate anniversaries, each year, in the same day with the deposit initialization. The deposit can be dissolved in any of these anniversaries, with interest payment.
The interest rate is increasing every year and is applied to the entire period of its existence until last anniversary. The capitalization is made at the end of the deposit. The interest rate increases with each anniversary, from 3,75% in the first year to 4,50%per year for Multi Depo up to maximum period of four years, in euro. Similarly, the rate could reach 3,75% for deposit in USD, all for maximum maturity of four years.
In addition, if occurs the dissolution intervenes on another day than the anniversary, the clients benefit of a special interest rate, significantly higher than the one of the current account (currently, it is placed at 2% per year for EUR and 1,50% for USD).
“For Multi Depo, the customer benefits from a highly efficient product, with two major attributes. Flexibility: the client decides, depending on priorities, opportunities and needs, which is the period of the deposit, with the possibility of its liquidation at any of the three anniversaries, paying the interest without penalty. Even in case that will decide to terminate the deposit between anniversaries, receives a significant interest rate. The second attribute: certainty - by securing important gain for a period - 4 years, receiving fixed interest rates and growing from year to year, which applies, depending upon returning the deposit for the whole period", added Bogdan Spuza.
The minimum amounts for the Multi Depo deposit are EUR 10.000 and 12.500 USD. Bank doesn’t charge fees for opening, maintenance and closing for Multi Depo. Cash Withdrawal fee in the maturity day is standard.
“We identified a need in the banking market for medium term deposits, better paid. New saving solutions complete our offer in this area, adding also the flexibility specific to the shorter maturities. We believe that we tried once again to cover as well as possible the range of needs and, why not, real life situations that UniCredit Tiriac Bank customers may face”, said Marketing & Segments Retail Director.
Bonus Plus deposits and Multi Depo are guaranteed by the Deposit Guarantee Fund in the Banking System.
Catalina Molnar is the new chief economist of UniCredit Tiriac Bank. Dan Bucsa has joined Unicredit Group London
18.09.2012
September 18th 2012 - Catalina Molnar is the new Chief Economist of UniCredit Tiriac Bank, and Dan Bucsa - which occupied this position until this moment - has been promoted within UniCredit Group, he will contribute to research and analysis activities for emerging markets, currently located in London.
Dan Busca joined UniCredit Tiriac Bank in June 2011, having a very valuable contribution to economic research conducted within the bank. From September 2012, he will join UniCredit Group’s research and analysis team from London, led by Gillian Edgeworth, Chief Economist for Eastern Europe, Middle East and Africa (EEMEA). Dan Bucsa new responsibilities will specifically target research activities for markets in Central and Eastern Europe. He has a PhD in economics and an extensive experience in economic research, including as Head of the Macroeconomic Forecasts of NBR.
Catalina Molnar, UniCredit Tiriac Bank’s new Chief Economist has over nine years of experience in research, as an economist at the National Bank of Romania (2003-2007) and later as Senior Economist in another commercial bank (2007-present). She graduated the Academy of Economic Studies of Bucharest, Faculty of Finance-Banks and a Masters Program in Macroeconomics DOFIN in the same institution.
Meanwhile, Mihai Patrulescu joined UniCredit Tiriac Bank being Senior Economist. He has a relevant experience as an analyst of macroeconomic framework in important financial institutions from Romania. Mihai Patrulescu graduated ASE and later Barcelona Graduate School of Economics, specializing in international finance, financial crisis, and sovereign debt economic policies.
UniCredit Tiriac Bank launches Spatial Poetry exhibition
13.09.2012
The public passionate about the contemporary art can admire the art pieces by the end of January 2013.
“Spatial Poetry” Exhibition is a premiere in Romania. In a unique way, UniCredit Tiriac Bank wants to present to the public valuable contemporary artwork, from the wide collection of UniCredit Group, through an exhibition located in the lobby of the headquarters 1F Exposition Boulevard, Bucharest.
The exhibition will be open to the public from 15 September 2012 to 31 January 2013, Monday to Friday, between the hours 10:00-20:00.
Therefore, during the inauguration of the new headquarters, the bank exposes four carefully selected artworks from the collection of UniCredit, which relate to the concept of space and its many interpretations. These works can be understood as an interrogation of physical space, but also the relationships that arise from human interaction with the space they occupy or create it. Unexpected presence of a Fernando Pessoa poem, as an integrated part of the exhibition, will accompany the viewer in this journey.
“Spatial Poetry Exhibition is another way in which we understand to get involved actively in the life and development of the communities in which we operate. To us is a big success the fact that we can share these artworks with the general public from Romania, belonging to very appreciated and representative artists of contemporary art. Penone and Campanini, for example, are emblematic of the Italian Arte Povera movement", said Anca Nuta, Identity & Communication Director of UniCredit Tiriac Bank.
Choosing Pessoa poet is not arbitrary, being present in one of the artworks in the exhibition, "The Biographer of the Parallel" by Matthias Bitzer (photo). This paper presents an imaginary portrait of the poet, which is in an spaceship explosion process that gives rise to spaces "parallel" or fictional, visual expression of his literary creation. Over time, Pessoa created a series of fictional authors - so called "heteronime" – being assigned a literary style to each of these characters.
"Through his abstract explosion models, Bitzner try to restore the possibility of a multiplicity of identities, stories and perspectives. This portrait of the author becomes a manifesto of human needs itself which is continuously negotiated through mental faculties: to be yourself, while being someone else”, said exhibition artistic curator, Adrian Dan.
An explosion of elements occurs in the work of Pierpaolo Campanini, where an unexpected conglomerate of components which are in a space suspension depends on a high structure while it remains "invisible". This construction interrogates complex spatial relationships between different forms of matter and questions the very "independent" their structure. The artist skillfully combines various artistic expressions such as sculpture, photography and painting, the ultimate goal is to redefine painting technique as an impersonal process, integrating objects with unexpected attributes, being at a distance that may refer to metaphysics memory.
In the series of works "Nelle mani Geometry" by Giuseppe Penone, the complex relationship between body and matter is explored through photography, as proof to man's creative process and the tensions that can trigger this process. Like other artists belonging to the movement of "Arte povera", Penone questioned the processes that gave birth to works of art, becoming a constituent part of it (earlier in his career, the artist has made a number of interventions in nature that became part of natural processes, so influencing further development of these living organisms).
For Andrei Roiter, space acquires a symbolic dimension, becoming "journey or pilgrimage way" and is an important source of inspiration for his work.
In "Tumbleweed", the idea of transitional space in the form of a house in a delicate balance, "trapped" in a spherical shape. Transitory, precarious and ephemeral are attributes that are found in this work, being summarized at an exceptional level, which combines subjective experience of the viewer, specific artistic language of the author and a strong symbolic dimension with universal connotations.
“Navigating through the different space interpretations of the presented works, different aesthetic approaches and different expressions help us understand the valences of its lyrical depth, an attribute that could be defined as poetry space", said Adrian Dan.
Spatial Poetry is the first in a series of exhibitions in which will be exhibited works from the collection UniCredit Group, which will be open to the public exhibitions in Romania and will change with a frequency of 4-6 months.
About UniCredit Art Collection
Is one of the most valuable art collections owned by the largest companies in Europe. Remarkable for its historical extent, UniCredit Art Collection includes works of great diversity, from prehistoric Mesopotamian artifacts to works of masters such as Canaletto and Tintoretto. Among the tens of thousands of parts that make up this collection include works of famous artists and classical or modern, as Yves Klein, Fernand Léger, Giorgio Morandi, Kurt Schwitters, Giuseppe Maria Crespi, Dosso Dossi, Il Guercino, Oskar Kokoschka, and the brand of some of his contemporaries such as Christo, Georg Baselitz, Gerhard Richter, Andreas Gursky and Andy Warhol.
UniCredit Tiriac Bank, Unicredit Foundation And NESsT Romania - partnership to develop social enterprises in Romania
17.08.2012
UniCredit Ţiriac Bank, UniCredit Foundation and NESsT Romania have the pleasure of announcing a collaboration meant to support develoment of a field with a great deal of potential, and yet unexploited enough in Romania: social enterprises.
A social enterprise is a business created with the aim of solving, in a sustainable manner, a serious social issue. Here are just two examples of social enterprises from NESsT Foundation Romania’s portfolio: a recording studio where books get a voice, so that blind people can enjoy them or an ecological greenhouse, with vegetables grown by people with intellectual disabilities.
Every two years, NESsT Romania launches the Social Enterprise Competition, when non-profit organizations, cooperatives and Romanian entrepreneurs are invited to enter into the competition an idea of a social enterprise they wish to develop. NESsT selects those with a greater potential for social impact and market success and provides them intensive training and personalized consultancy on all levels, from drafting the idea to implementing it. NESsT involvement in development of social enterprises is on long term, depending on the business model and social impact, and the partnership relation can last up to eight years.
UniCredit Ţiriac Bank and UniCredit Foundation support the launching of new social enterprises in Romania, by supporting The Social Enterprise Competition, but also by developing existing social enterprises and promoting them to a larger public. The involvement of UniCredit Foundation and UniCredit Ţiriac Bank represents a EUR 61,000 financial support and, respectively, specialized consultancy offered by employees to the participants of NESsT programme. The partnership of UniCredit Ţiriac Bank, UniCredit Foundation and NESsT appeared in a timely moment, as the next step in NESsT’s growth in Romania and, at the same time, in social enterprises’ growth, is a pioneering one : evaluating the expansion potential (scaling) of three social enterprises from the NESsT portfolio.
«Although social entrepreneurship is a new field in Romania, it represents a potential source of progress and growth. The initiative is all the more valuable as it is meant to support social categories that greatly need support, respectively to correct severe imbalances of the communities we live in. It is essential for our bank to be an active part of these communities in which we work and it is very important to continue to be vectors of positive change», said Anca Nuţă, Identity and Communication Director of UniCredit Ţiriac Bank.
”We are excited about the partnership potential of UniCredit and NESsT – we trust that this partnership will be long term and the development of social enterprises in Romania will greatly benefit from it”, added Roxana Damaschin-Ţecu, Director for Development of Enterprise for NESsT Europe.
UniCredit Foundation and UniCredit Ţiriac Bank will be actively involved in each step of the Social Enterprise Competition, not only through the mentioned generous financial support, but also, respectively, through direct mentoring for future social enterprises, in order to give them practical support in starting their activity. The ongoing competition (launched in October 2011) will end this autumn, on 7 November, on Social Enterprise Day, an annual event organized by NESsT. UniCredit Ţiriac Bank and UniCredit Foundation will grant on this occasion two of the five financial support awards for start-up for the finalists of the Competition.
About UniCredit Ţiriac Bank
UniCredit Tiriac Bank is part of UniCredit, easily the number one group on the CEE banking market, that operates by far the leading network throughout the countries of the region, with over 3,900 branches.
In Romania, UniCredit Tiriac Bank is one of the main financial institutions, a trully universal commercial bank, providing high quality products and services for all the customer segments in the market. We are committed to generating value for our customers, we consistently strive to be easy to deal with and we are dedicated to the development of the communities in which we live.
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 Integrated Solutions (UBIS).
About UniCredit Foundation
UniCredit Foundation is a corporate foundation that was established in 2003 in order to contribute to the development of solidarity and philanthropy in the communities and territories where UniCredit operates, primarily in the regions where UniCredit is present (22 countries including Europe and Central Asia). Through the transfer of financial resources and the typical management skills of a company UniCredit Foundation supports projects of significant social impact and innovation, implemented by local non-profit organizations.
NESsT is a non-profit organization with 15 years of international experience that aims at solving critical social problems in emerging countries through developing and supporting social enterprises. NESsT presently operates in Europe and Latin America (Argentine, Brasil, Chile, Croaţia, Czech Republic, Ecuador, Hungary, Peru, Romania and Slovakia). Since NESsT Romania was founded, in 2007, it organized two social enterprises competitions, the third being currently in progress. NESsT Romania’s strategic partner is Romanian American Foundation.
UniCredit Tiriac Bank registered a net profit of 51 million lei in the second quarter of 2012, double than the first quarter of 2012
03.08.2012
- Loans volume rose by 18% between June 2011-June 2012;
- Deposit portfolio increased by 30%;
- In the first half of 2012 the net profit was 75 million lei.
UniCredit Tiriac Bank has registered a net profit of 75 million lei (17 mil euro) in the first half of 2012, according to International Financial Reporting Standards (IFRS), down with 19% compared to the first six months of 2011. In the second quarter of 2012, net profit was 51 million lei, over two times higher than in the first quarter.
Bank's total revenues were 591 million lei (134.6 million euro) in the first half, down 1.7% from the first six months of 2011. Income levels remained comfortable despite the negative impact of declining margins (on lower interest rates and foreign currency indicative), large storage costs, higher volumes of deposits from customers and higher funding costs. In the first half of the year, operating expenses increased 4% from the same period in 2012, to 312.7 million lei (71.2 million).
Loans provision has a favorable trend, falling by 5% in the same period of time. Annualized return on equity (ROE) was about 6%, leaving a solid level despite adverse market conditions, while the ratio between costs and revenues stood at 52.9%.
The bank's assets reached 22.7 billion lei (5.1 billion euro) at the end of June 2012, up by 10.8% compared to June 30, 2011 and slightly downhill (-0.7%) from early 2012. At mid-year balance sheet loans was 17.1 billion (19.3 billion including outsourced loans), increasing by 18.4% from June 30, 2011 and by 7.2% from early 2012. Therefore, the loan portfolio of UniCredit Tiriac Bank rose four times faster than that of the entire banking system in the first six months of the year due to increase by 28% of the portfolio of loans to SMEs * and 16% of loans granted to medium-sized companies **.
Customer deposits reached 11.7 billion lei (2.63 billion euro) at June 30, 2012, by 29.8% over the level recorded a year ago.
Despite the difficult economic situation, asset’s quality remained stable, and the annualized cost of risk fell from 1.95% a year ago to 1.62% in the first quarter of 2012. This is the proof the UniCredit Tiriac Bank’s portfolio quality and solid partnership with bank client’s.
“In the last six months, the banking market was affected by high volatility, fueled by internal turmoil and about the global economic prospects uncertainties. Nevertheless, the bank's performance was supported by the business model based on balanced growth and gradual transition by RON in our portfolio structure and attracting deposits turn, associated with good retention of the existing portfolio, remaining competitive in this time in terms of yields. We have improved the market position both on loans and attracting resources, despite diminishing demand. We were very careful to preserve efficiency, thus managing to have a stable, with a good level of liquidity and capital with a healthy margin. Despite negative external developments Fitch Ratings has reaffirmed the rating of the bank, the BBB + ", said Rasvan Radu, CEO of UniCredit Tiriac Bank.
Catalina Molnar is the new chief economist of UniCredit Tiriac Bank. Dan Bucsa has joined Unicredit Group London
18.09.2012
September 18th 2012 - Catalina Molnar is the new Chief Economist of UniCredit Tiriac Bank, and Dan Bucsa - which occupied this position until this moment - has been promoted within UniCredit Group, he will contribute to research and analysis activities for emerging markets, currently located in London.
Dan Busca joined UniCredit Tiriac Bank in June 2011, having a very valuable contribution to economic research conducted within the bank. From September 2012, he will join UniCredit Group’s research and analysis team from London, led by Gillian Edgeworth, Chief Economist for Eastern Europe, Middle East and Africa (EEMEA). Dan Bucsa new responsibilities will specifically target research activities for markets in Central and Eastern Europe. He has a PhD in economics and an extensive experience in economic research, including as Head of the Macroeconomic Forecasts of NBR.
Catalina Molnar, UniCredit Tiriac Bank’s new Chief Economist has over nine years of experience in research, as an economist at the National Bank of Romania (2003-2007) and later as Senior Economist in another commercial bank (2007-present). She graduated the Academy of Economic Studies of Bucharest, Faculty of Finance-Banks and a Masters Program in Macroeconomics DOFIN in the same institution.
Meanwhile, Mihai Patrulescu joined UniCredit Tiriac Bank being Senior Economist. He has a relevant experience as an analyst of macroeconomic framework in important financial institutions from Romania. Mihai Patrulescu graduated ASE and later Barcelona Graduate School of Economics, specializing in international finance, financial crisis, and sovereign debt economic policies.
Unicredit Tiriac Bank launches two exclusive products: a credit card for the corporate clients, a new debit card for Private Banking clients: Mastercard corporate credit card and Mastercard platinum debit card.
12.06.2012
UniCredit CAIB Securities Romania will start from June 1, 2012, the integration process with UniCredit Tiriac Bank. Embedding the investment services activities in the Division of Corporate Investment Banking & Private Banking (CIB & PB) of UniCredit Tiriac Bank will not impact any business brokerage operation, which already exists.
The clients will benefit of the same services and the same way of working, highly professional standards which positioned UniCredit CAIB Securities in the top three brokers in the capital market in Romania, with a market share of 8.21% *.
This convergence is considering taking advantage of synergies and optimal exploitation of local resources, relying further on the same strong commitment of UniCredit, the leading European bank.
*Market share refers to the January-May 2012 period and represents the BSE volumes, shares and fund units.
UniCredit CAIB Securities Romania, UniCredit Group's brokerage division in Romania has an undeniable experience, being present since 1996 on the Romanian capital market.
UniCredit CAIB Securities offers a full range of brokerage services in the Romanian capital market (Bucharest Stock Exchange trading) as well as on foreign markets, services for Romanian and foreign institutional clients and retail customers. The local analyzing team covers a wide range of sectors (oil and gas, financial institutions, pharmaceutical industry, utilities, natural resources and real estate), specialists having also responsibilities of sector analysis at regional level.
Corporate lending in Central and Eastern Europe 2012: financing to the corporate sector is holding up well
18.05.2012
Financing to the corporate sector is holding up well, but a diverging performance among countries is likely to persist
- Cyclical sectors, which have been at the forefront of the economic recovery, look set to loose further strength in 2012
- Survey data reveal banks´ willingness to give sufficient financing improved over 2011 in the context of still low demand
- Availability of credit remains an essential pre-condition for output to return to its long-term trend
To date, bank lending to the corporate sector in the CEE region is holding up well, but a diverging performance among countries is likely to persist over the next months. This is one of the key findings of a recent analysis on corporate lending in Central and Eastern Europe run by UniCredit´s CEE & Poland Strategic Planning department. Larger economies such as Turkey and Russia saw a strong double digit growth in the demand for commercial loans until February 2012, whereas in smaller countries like the Baltics corporate financing is more than lackluster with even shrinking volumes.
Improved business environment, but FDIs are recovering slowly
"As pointed out by the latest business climate indicator the forward-looking business sentiment of companies has improved recently. Nevertheless industry growth in the CEE region will be a small negative in the first quarter of this year due to a weaker external demand", said Gianni Franco Papa, Head of CEE Division at UniCredit. Important elements of differentiation would remain in place with short-term indicators pointing to a still fragile growth particularly in SEE. Apart from that cyclical sectors have lost some of their impetus since January. Only exception is machinery and equipment, which benefits from a steady demand in China. "Overall the business environment improved significantly over the past years, but regulation, judicial system, tax and political factors are still reported as important obstacles to doing business in CEE", explained the top-executive.
Following 2008 crisis the CEE region experienced a large shift in the composition of capital flows. The portfolio component is now dominating in CEE, whereas FDI inflows have only marginally recovered from the trough relative to other emerging markets like Latin America or Asia and remain well below pre-crisis level. Generally speaking the trend is toward more short term portfolio capital instead of medium to long term capital. In the end fostering competitiveness remains a key challenge for the CEE region, which on the one hand still enjoys more favorable production costs than EU-15 in the context of still lower productivity on average.
Cost of credit and collateral perceived as major obstacles to the availability of credit
Firm-level data suggests a strong positive relationship between bank credit and investment activity especially in the recovery phase, confirming that availability of credit is an essential pre-condition for output to return to its long term trend. At the same time one must not neglect the important role of demand-side factors. Empirical evidence indicates also that the contraction in investment activity has been the largest in sectors having experienced an accelerated or booming dynamic in lending such as Bulgaria or Romania in the pre-crisis period.
"The contraction in the availability of credit at the peak of the crisis led to a visible substitution in the sources of financing and implementation of cost cutting measures", reckoned Fabio Mucci, Head of CEE & Poland Strategic Planning at UniCredit. Thus many enterprises substituted bank loans with refinancing from parent companies and to less extent by bond issuance. Companies experiencing the largest contraction in the availability of credit during the crisis were also those recording a significant adjustment in labour costs to overcome liquidity problems. In the aftermath of the crisis, investment activity of most leveraged sectors lagged substantially behind that of the least dependent ones.
"According to an UniCredit survey conducted with over 12,000 companies in 16 CEE countries banks´ willingness to give sufficient financing improved over 2011 in the context of still low demand", stated Fabio Mucci, "On a scale from 1 to 5, where 5 is the best mark, interviewees rated banks 3.77 on average in 2011 compared to 3.67 in the previous year." However, in a complimentary poll the majority of enterprises reported a tightening of credit conditions in 2011 with cost of credit and collateral requirements as major obstacles to the availability of credit. Demand-side factors are also playing a role with 44 per cent of companies having reported ‘no need’ among major reasons not to apply for a loan.
Corporate remains among the most attractive business segments as the level of their indebtedness falls well behind the Western European average with particularly untapped potential related to cross-border business. In the EMU corporate lending is about 50 per cent of the regional GDP, whereas in Turkey it accounts for 32 per cent, Russia 28 per cent and in Czech Republic 21 per cent for example.
UniCredit is the leading corporate bank in CEE
UniCredit supports cross border business development and operations of companies through its extensive network of local banks in different CEE countries and through direct financing by its Western European subsidiaries in third countries. Over 1,650 relationship managers serve around 4,500 active German and between 2,000 and 3,000 Austrian and Italian clients operating in Central and Eastern Europe. They consolidate a personal in-depth knowledge of local CEE markets and a global banking product expertise leveraging on the products´ hubs in London, Munich and Vienna.
Cross border business is a key pillar of UniCredit´s strategy for corporate customers, which is also confirmed by the bank´s superior performance in serving international clients. Referring to the latest customer satisfaction index all UniCredit segments perform better than the next global competitor, with international clients being the most satisfied customer group.
UniCredit
UniCredit is a leading European commercial bank with strong roots in 22 countries. Our overall global network embraces approximately 50 markets, with over 9,500 branches and more than 160,000 employees (as of 31 December 2011).
In the CEE region, UniCredit runs the largest international banking network with more than 3,800 branches. The Group operates in 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 Tiriac Bank is the first bank in Romania certified Top Employers Europe 2012
16.05.2012
UniCredit Tiriac Bank was certified Top Employers Europe 2012 by the Corporate Research Foundation (CRF), an independent research institute of HR standards and working conditions in European companies. In the process of identifying and auditing best employers, the bank has received this distinction alongside eight banks of UniCredit Group, which contributed to the financial group certification among Top Employers Europe 2012 for the second consecutive year, a first time in the history of CRF activity.
The bank becomes the first and only financial institution in Romania that ranks among employers with the highest standards and practices of human resource management in Europe.
UniCredit Tiriac Bank has undergone a research and audit processes in which were evaluated basic benefits, secondary benefits package and working conditions, training and development, career opportunities and company culture. CRF Institute methodology in selecting Top Employers is based on three levels of evaluation: a complex research based on factual information, interviews with company representatives and a comparative assessment of participating companies. The methodology is certified by the Ministry of Economy, Trade and Business Environment in the Netherlands, being audited by Grant Thornton research, one of the largest auditing firms in the world.
Alina Dragan, Executive Vice President Human Resources, UniCredit Tiriac Bank:
"The bank certification represents a confirmation of everything we do, to create a good working environment. Our colleagues have the possibility to engage in national and international projects, in a young and dynamic environment, allowing them to affirm and promote. This recognition also sets a benchmark for the future and we are determined to continue on the same way, to remain oriented towards performance in all areas of activity”.
David PLINK, CEO of the CRF Institute: "HR policies and practices that UniCredit makes available to its employees show that, for the financial group, talent management is a priority. The company provides to their employees not only things that interest in this moment, but things that can prepare for the next step in his career in the group. As Top Employer, UniCredit clearly demonstrates that appreciates and contributes to its employee’s development.
Paolo Cornett, Group Head of HR UniCredit: "The fact that this certification was obtained on 9 of the markets where we operate has a special value for us because it shows the efforts that are made to create an environment suitable for work are consistent in UniCredit entities. In fact, this is one of the strengths of UniCredit we offer our actual and potential employees”.
In 2012, nine multinational companies in various industries including the IT industry, transport and consumer goods obtained this certification. To become a Top Employer Europe 2012, it was necessary that every multinational company to meet a complex set of criteria in at least 5 European countries.
Unicredit Tiriac Bank in Q1 2012: substantial increases in the volume of loans and deposits, net profit of 24 million
10.05.2012
- 18% annual growth of the assets volume
- The loan portfolio rose by 22% between March 2011 and March 2012, two times faster than the overall banking market
- 28% annual growth in the volume of customer deposits (compared to 9.6% for the banking system)
- 8% y-o-y advance of gross operating profit
UniCredit Tiriac Bank has earned a net profit of 24.1 million (€ 6 million) in the first quarter of 2012, according to international financial reporting standards (IFRS), down 26.6% from the same period last year.
Gross operating profit increased by 8%, due to a 7.4% advance income and 7% for operating expenses. The ratio between costs and revenues remained at 51%. Income levels rose due to increased market share both for loan portfolio and deposit-segment and due to increased earnings from treasury operations.
Bank assets were 22.3 billion lei (5.1 billion Euro) at the end of March 2012, an increase of 17.5% compared to March 31, 2011, but down 2.5% from the beginning of the year. Balance sheet loans rose by 22.1% compared to March 31, 2011, with 2% compared to December 31, 2011, up from 16.2 billion (18.9 billion including outsourced credit). Customer deposits reached 11.1 billion USD, an increase of 28% compared to the end of the first quarter of last year.
"In the first three months of the year bank’s results recorded a good evolution despite economic slowdown in Romania. A crucial role in this regard had the quality portfolio of existing clients and new clients financing needs by exploiting strong financial position that UniCredit has as a local bank and international financial institution of systemic importance. Moreover, increased emphasis on lending in domestic and hopefully this trend will continue normalizing banking market”, said Rasvan Radu, CEO of UniCredit Tiriac Bank.
The solvency ratio stood at 11.1% at the end of March 2012, at a comfortable difference over the governed. Provisioning expenses rose by 21.5% compared to the first 3 months of 2011, but were maintained at the same level compared to the last two quarters of last year.
Bank asset quality is stable, despite deteriorating European economic and local outlook. In the first quarter of 2012, annualized cost of risk was 2.28%.
"We will continue to finance the Romanian economy in a prudent pace, but above the banking market, according to loan’s demand. Meanwhile, we will focus on improving the quality of risk indicators. We also aim towards a stable growth of deposits and a comfortable liquidity position. The opportunities for revenue growth will be limited this year due to market volatility and slow recovery of the economy, but we will continue to identify optimal solutions for financing and money management for our clients", completed Rasvan Radu.
Submissions now being accepted for the 2012 writing for CEE journalism prize
23.04.2012
APA and Bank Austria calling to think about Europe for the ninth time
The 5,000-euro Writing for CEE European journalism prize is up for grabs again in 2012. Journalists from all parts of Europe, including northern and southern Europe, southeastern Europe, Russia and the CIS states, are invited to submit their work for consideration. The pieces should reflect on life in Europe and the countries of Europe and on the hopes, cares and dreams of Europe’s people, and should contribute to closer ties between the countries and to overcoming prejudice.
Journalistic works that were published after 1 August 2011 will be accepted until 31 July 2012. Transcripts of radio and television programmes as well as online articles are also welcome. The winner will be announced and will receive the award at a gala event held in November 2012 in Vienna. The article in the original language, an English translation and the author’s curriculum vitae are required for entry. Additional information and the entry form are available online at.
This prize of APA – Austria Presse Agentur and UniCredit Bank Austria is being awarded for the ninth time already, and is not an EU prize or a special prize for topics relating to Central or Central and Eastern Europe. “We expressly invite all European journalists to participate,” stressed jury chairman and APA editor-in-chief for foreign affairs Ambros Kindel. He added that while formal requirements do apply to the submissions, there are no restrictions with regards to topic.
In 2011, the prize went to the Slovene journalist and photographer Meta Krese for her reports on the living conditions of the Roma minority in her home country. “A visit to the Roma of Dolenjska” is the title of the critical yet moving piece that appeared in the Slovene edition of National Geographic in March 2011 accompanied by impressive photographs by Arne Hodalic. Laureate Meta Krese works as a journalist for several Slovene newspapers and magazines.
The guest of honour at least year’s award ceremony was long-time German foreign minister Hans-Dietrich Genscher, who talked about the current challenges confronting Europe and his political experiences in connection with the reunification of Europe. Genscher called for the return of the European Union to a union of stability as quickly as possible. He stressed the need for debt caps in the constitutions of the euro countries, and for automatic sanctions in the event of violations. The former German foreign minister noted that many have still not realised that the end of the Cold War ushered in a new world order.
The list of previous Writing for CEE winners consists of the Czech journalist Lubos Palata (2004), the Bulgarian author Diana Ivanova (2005), the Bosnian journalist Sefik Dautbegovic (2006), the Austrian author Martin Leidenfrost (2007), Anna Koktsidou, the radio journalist who was born in Greece and raised in Germany (2008), the Austrian journalist Florian Klenk (2009), Azra Nuhefendic, the Bosniak author living in Italy (2010) and Meta Krese (2011). Prominent guests of honour in past years included the deceased DDR civil rights activist Bärbel Bohley, the former Czech foreign minister Jiri Dienstbier, the former Slovenian president Milan Kucan and, most recently, Hans-Dietrich Genscher.
In addition to the previous year’s laureate, members of the jury, which meets in various constellations, include the Czech communications expert Milan Smid, the Slovakian publicist Michael Berko, the communications advisor Ildiko Füredi-Kolarik, the Polish journalists Igor Janke and Pawel Bravo, the Hungarian radio journalist Julia Varadi, the Bulgarian author Janina Dragostinova, UniCredit Bank Austria’s CEE press officer Tiemon Kiesenhofer and the chairman of the jury, APA’s editor-in-chief for foreign affairs Ambros Kindel.
UniCredit Tiriac Bank launches a guaranteed loan in lei with fixed interest mortgage in the first 3 years
09.04.2012
The bank supports customers who want to eliminate the currency risk and know exactly, for a long period of time, which will be the monthly payment for the contracted loan. Last but not least, the offer is one of the most advantageous markets in terms of cost, with an interest rate of only 8.3% to 8.7% for mortgage and real estate investment loans.
April 9 - UniCredit Tiriac Bank launches new mortgage lending products exclusively in lei, with a fixed interest rate for the first three years. It's about real estate credits, namely: housing loan, mortgage loan or investment property loan refinancing Umbrella.
Cost structure is very transparent and beneficial for the entire loan period: interest is fixed in the first 3 years and the fourth year interest rate is variable (Robor 1M/3M/6M + 4% for mortgage or Robor 1M/3M / 6M + 5% for personal loans with real estate warranty).
Representative example:
You can purchase a 200 000 RON loan with a household income of just RON 4,000.
For a purchase loan of 200 000 RON, granted for a period of 30 years, APR 9.54% (three years 8.3% fixed interest rate 8.56% then variable consists of Robor 1 month + fixed margin 4%) of monthly payment is 1545 lei. Analysis fee is 1290 EUR, the monthly management fee calculated on the balance of the credit facility 0.05%, and the total amount of payment at the end of the lending period is 579 983 RON.
Life insurance and legal opinion are paid by the bank, the customer having to pay these associated costs: appraisal, notary fees, registration fee and insurance to AEGRM building.
An important advantage is that the loans are only offered in lei, so monthly payment amount will not change according to the evolution of the exchange rate.
In addition, life insurance is free for loans under € 150,000 (equivalent to USD).
"Because we are aware of the challenging period that we are passing and we want to respect the needs of all our customers, we wanted to provide a very convenient option for financing for those who have a RON income and want to be protected from exchange rate fluctuations against major currencies: the euro and the U.S. dollar", said Bogdan Spuza, Head of Marketing and Retail Segments in UniCredit Tiriac Bank.
In 2011, UniCredit Tiriac Bank records net profit of ron 159mn under IFRS
21.03.2012
- 10% year-on-year growth of total assets.
- 17% year-on-year growth of customer loans.
- 31% year-on-year drop in lending cost of risk.
- Strong liquidity and capital position.
- The consolidated total assets (pro-forma) of the Group business in Romania are up 10% year-on-year, and its net profit is up 9% year-on-year.
UniCredit Tiriac Bank reports RON 159.4mn (EUR 38mn) net profit under IFRS, down 6.9% compared to 2010, due to drop in revenues. Net profit under RAS for the same period is RON 103.1mn, up 80.3% year-on-year, compared to a loss for the banking system. ROE (return on average equity) is 6.5% and ROA (return on average assets) 0.7%. The auditors’ reports on the bank’s financial statements are clean.
Despite high increase in loans, the bank reports a 10.3% year-on-year drop in operating income to RON 1.2bn. This is due to a fall in net interest income largely because of the base effect of discontinued interest on arrears in 2010 and continuing impairment of loan portfolio instigated by the prolonged economic crisis. At the same time fee income from payments increased over 10%. Operational expenses are up 4.5% year-on-year reflecting government tax (mainly VAT) and guarantee fund rate increases, and also the impact of the new branch openings. Cost-to-Income ratio is 49.9%, better than the banking system. Solvency ratio is 11.4% under RAS (excluding current-year profit), above statutory norms. Net impairment losses (provisions) on financial assets (mainly customer loans) dropped 24% compared to previous year.
“We consider our performance of last year relatively good within the context of the overall economic situation and the performance of the market. We had the resources and the will to continue lending and thus supporting our customers’ business and the Romanian economy. We actually marked one of the highest lending growth in the market. Last year was not less harder for the financial services sector given the renewed market liquidity pressure, growing capital requirement on a global scale, augmenting credit risks and slackened economic growth”, said Rasvan Radu, CEO of UniCredit Tiriac Bank.
The balance sheet total of the bank reached RON 22.9bn (EUR 5.3bn), up 9.9% compared to a year ago. Outstanding on-balance sheet loan portfolio is RON 15.9bn (RON 18.6bn including externalised loans), up 17.2% compared to 2010. Corporate loans grew 20%, small business ones 33% and mortgages 21%, while consumer loans dropped 20% year-on-year. Customer deposits reached RON 11.5bn, up 5% year-on-year, higher from private individuals. Loan-to-Deposit ratio at the end of the year is 138%.
The consolidated total assets of UniCredit Tiriac Bank, UniCredit Leasing Corporation and UniCredit Consumer Financing grew 9.7% to RON 26.1bn (EUR 6.1bn) and shareholders’ equity by 5.6% to RON 2.5bn. The net profit of the group is RON 158mn, up 8.8% year-on-year.
Although tempered somewhat the asset quality deterioration trend continued. Over 90-day default rate reached 11.7% compared to 10.8% a year ago. Annualised Cost of risk however dropped a quarter to 204bp. Provision coverage of on-balance sheet loan portfolio went up to 8.3%. The amount of restructured loans ended at 17% of the portfolio, lower than last year. The bank’s asset quality remains better than the system and peer group.
Despite the subdued private consumption and bleak economic prospects in the country the bank realised partially its plans for expansion along with optimisation of its distribution network. At the end of the year the UCT operates with 245 branches (10 more than last year) and 2,983 staff (24 less than last year).
Outlook
“We do not expect fast recovery of the Romanian economy in 2012 having in mind the Eurozone economy slowdown and still low local demand. This will go along with liquidity and capital availability and pricing challenges. Credit risk growth and margin pressure without much growth opportunities will further squeeze the income and profitability of banks. Consolidation, deleveraging, foreclosure and optimisation will be key management levers. Yet we see room for business growth in some areas such as SME and EU funds supported projects.Structurally, we will encourage RON lending and will keep control on self funding. UniCredit Tiriac Bank will develop solutions that will put into value these positive trends and will concentrate on sustaining SME and EU funds supported projects. Structurally speaking, we will encourage RON lending and we will take care of our financing sources”, said Rasvan Radu, CEO of UniCredit Tiriac Bank.
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 Ţiriac Bank is a true "one-stop-shop" for financial services, serving 568 thousand active customers through its 245 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 Financing and UniCredit Business Partner.
UniCredit Tiriac Bank brings to Romania We Will Fix It Campaign, initiated by UniCredit Group, Uefa Champions League sponsor
21.03.2012
Luis Figo is the Oficial Ambassador of UniCredit at international level
Are you a fan of football? Imagine another important event stops you from watching UEFA Champions League grand final, which you could hardly expected. UniCredit Tiriac Bank listens to your story and gives you a great chance to see both events. "Fix" represents the solving for the lucky winner.
If you're not passionate about round ball game, does not mean you cannot be involved in our surprise! If you have friends who are passionate about football you can do it yourself, with our unforgettable surprise.
“We Will Fix It” takes place in Romania between 19 March and 30 April 2012 and includes the group campaign components, and a number of local initiatives.
UniCredit, as the official sponsor of UEFA Champions League, launched in February new online communication campaign "We Will Fix It", designed to help football fans, but not limited to perfectly combine daily duties with passion football.
In Romania, the campaign can be seen on www.unicredittiriac.ro/ucl “We Will Fix It". The main message of the campaign is: Tell us what stops you to watch UEFA Champions League Final on 19 May. And we will solve the problem!
The campaign’s mechanism is simple: the participants write on the special microsite or bank’s Facebook page what stops him to watch the Final on 1 may 2012, a jury will decide which problem will be solved by UniCredit Team, Fix It. The nominated one will be informed that he won, but the solving of the problem remains a surprise. One of the most important features of the "We Will Fix It" campaign in Romania is that the first 300 issues submitted and validated will be awarded automatically with backpacks, balls, caps and other prizes branded with UEFA Champions League logo.
So what can be done if an important match of UEFA Champions League coinciding with the anniversary of a family member or overlaps with an important business dinner? Luis Figo, the Official UniCredit Ambassador for the UEFA Champions League and Team UniCredit Fix It (represented by bank employees) are working to find the best solution for you.
UniCredit Group has already solved the dilemma of a football fan on Valentine's Day: he was eager to see their favorite team play at Leverkusen and his girlfriend was expecting a romantic evening out, in which to celebrate love. UniCredit Team Fix It and Luis Figo solved a problem that apparently didn’t have a solution and had organized for the couple an unforgettable evening: he could watch the game, and she had an amazing surprise.
"This campaign is an excellent idea, because it involves both football fans and those who are not fans," says Luis Figo, who enthusiastically promote the campaign and encouraged people to participate for the chance to solve the problem occurred of overlapping passion for football with everyday life.
UniCredit Group campaign “We Will Fix It” and the solution may be seen online and on YouTube:
UniCredit and Alma Mater Scholarship Graduate School announce enrollment in MBA program specializing in retail banking, 2012 edition
20.03.2012
UniCredit Group, one of the leading banking institutions in Europe and Alma Mater Graduate School, University of Bologna, announce the enrollment for the 5th edition of MBA Retail in the Banking and Financial Industry, dedicated to future leaders in finance. The edition 2012 of the program will begin on 1 October 2012. Applications can be sent in two stages: until 2 April 2012 and between April 4 and July 2, 2012.
Retail in the Banking and Financial Industry takes place during one year period; being structured in General Management courses, specialized courses and an internship of three months (June-September 2013) in the Retail Division of UniCredit Group, which involves working on a specific project. It addresses to young professionals looking to gain management skills for a career in the financial industry.
Applicants must be graduates of an institution of higher education with at least 2 years professional experience (not necessarily in this field) and a proficient user of English language.
Best of the participants will receive partial and full scholarships between 10,000 and 27,000 Euro. Also, candidates will have access to preferential loans to cover full tuition fee or to complete the amount needed to cover this fee. In addition, meeting the same preferential conditions, they can get a loan of up to EUR 10,000 for personal expenses incurred during the academic year.
To learn more about the selection process and to apply can access:
New exclusive products for corporate and private banking clients
13.03.2012
UniCredit Tiriac Bank launches two exclusive products: a credit card for the corporate clients, a new debit card for Private Banking clients: MasterCard Corporate Credit Card and MasterCard Platinum Debit Card.
- MasterCard Corporate Credit Card is an innovative product, designed to help the companies’ shareholders or managers through a better and more flexible management of the flow of everyday expenses.
- Platinum debit card was created for Private Banking clients in order to offer more benefits, both in relation to the bank but also in everyday life.
- Both products have a sophisticated benefits program, differentiated according to the customer group target, which includes access to premium discounts in VIP lounges of international airports or travel insurance performance.
"The new products come to complete banking experience that UniCredit Tiriac Bank provides to Corporate and Private Banking customers. For us it’s important to provide real solutions and financial benefits, and at the same time to be a true partner, to provide advice and assistance whenever our customers need", said Marco Esposito, Executive Vice President responsible for Corporate Division Investment Banking & Private Banking at UniCredit Tiriac Bank.
"In addition to the features that UniCredit Tiriac Bank put together to create two card programs relevant to companies and Private Banking individual clients, the products presented today come with a number of advantages thanks to Elite MasterCard. Whenever using the card in partner stores in Romania, customers have discounts up to 30% or bonuses, such as privileged experience, additional services or counseling. All these benefits turn the cards launched by UniCredit Tiriac Bank into more advantageous products, than a business card or a debit premium in Romania", said Cosmin Vladimirescu, Country Manager Romania and Moldova, MasterCard Europe.
I. MasterCard Corporate Credit Card
Banking features
Premium is a credit card, embossed, with chip, with a grace period, issued under MasterCard brand, addressed to corporate clients. Due date for this product is 15 of each month and the amount to be paid monthly at least 15% of credit used + 100% interest + 100% fees. The grace period can be up to 45 days *. Minimum credit limit is EUR 200, maximum 5.000 EUR / card in the limit of 250,000 EUR / company. In addition, daily transaction limits are 10,000 EUR / card for use in ATMs and 17,000 EUR / card transactions directly with the merchant card (POS). A very important advantage, that is ensuring transparency and good control of transactions is that the bank statement is sent to both company and individual cardholder.
II. MasterCard Platinum Debit Card
Banking features
Is a Premium debit tool, embossed, with chip, issued under MasterCard brand. Private Banking Clients which benefit of this product have a series of advantages such as wider trading limits: 20,000 USD / day 20 transactions / day, both for-sale payment (POS) and for ATMs, with possibility to modify the request. Also, you can attach up to 5 current accounts in the following currencies: automatic RON, EUR, USD, GBP and CHF request. It also can be issued upon request, one or more additional cards for the same client accounts.
III. Benefits programs attached to mew products
Mutual benefits of the two cards:
- Protection from accidents with serious consequences during the trip abroad. This program is offered free of charge by UniCredit Tiriac Bank in partnership with CHARTIS Romania and offers insurance available in case of travel abroad, for a period not exceeding 60 consecutive days from departure.
- Medical assistance 24 hours a day, for traveling abroad.
- Insurance "Card Protect" from Chartis Romania.
- Discounts at partner merchants of UniCredit Tiriac Bank or MasterCard through exclusive programs such as the program offered by MasterCard Ellite .
- Within the Priority Pass program, the cardholder has free access to over 600 airport VIP lounges worldwide. In Romania, the access is provided for lounges in Cluj-Napoca and Timisoara. In addition, UniCredit Tiriac Bank offers free access to its own lounge Henri Coanda.
- Regardless of the option card holder for an airline, flight class or belonging to other loyalty programs, VIP lounges participating in the Priority Pass program offers a pleasant environment in which the client can work or simply relax while traveling.
Extra Benefits for MasterCard Corporate Credit Card:
- An exclusive advantage offered by Corporate Card is the occupational ensuring, that enables covering the industrial accidents risk on Romanian territory, one of the few attached to a card on the Romanian market.
- Cardholders receive travel insurance if you have used the card in the last 3 months before producing one of the insured events.
Extra Benefits MasterCard Platinum Debit Card:
- Insurance and access to the assistance service at the address communicated by the Mondial Assistance.
- Discount program in Regina Maria Health Network.
- In addition, MasterCard Platinum Collection offers to its Platinum cardholder’s discounts within an international level, partner network.
UniCredit Tiriac Bank opens the first branch on Facebook in Romania
02.03.2012
UniCredit Tiriac Bank invites Internet users to cross the threshold of the first virtual branch bank opened in Romania on Facebook: e-Branch, UniCredit Tiriac Bank.
One of the most important advantages of e-Branch is click-to-chat option. Through this service, e-Branch UniCredit Tiriac Bank viewers may request live information from bank’s consultants without leaving the social networking platform, according to the same program of bank’s Info Center (you can see here).
"Bank’s consultants are available to those interested in information and advice about our products and services. This is made in a private and secure chat session. We built this project to support a real and useful dialogue with the people who visit our site" said Anca Nuta, Head of Identity & Communication at UniCredit Tiriac Bank.
According to regulations, users can provide personal data through click-to-chat, when confidential data is needed, it will be established by agreement how will continue the phone call (by phone or in one of the bank branches).
In addition, when Facebook users enter the e-Branch UniCredit Tiriac Bank, can benefit of a range of services and useful information in the interaction with the bank both in the online and in the offline:
- Easy access to Online B@nking & BusinessNet;
- They can download brochures about services and UniCredit Tiriac Bank programs, to individuals or legal entities;
- UniCredit Tiriac Bank may check out a map to locate the nearest branch or ATM network BNA;
- They can check the exchange rate, updated in real time.
Last but not least, virtual booth dedicated to social responsibility projects undertaken by the bank, keeps users up to date on the latest initiatives: PAVILION - center for contemporary art and culture, supported by UniCredit Tiriac Bank, UniCredit Literary Debut Competition, UniCredit Tiriac Bank involvement in supporting the George Enescu International Festival and the first rental center in Bucharest, Cicloteque.
Active and updated with complete information about UniCredit Tiriac Bank products and services also remain on the bank's website - www.unicredittiriac.ro.
Strategy and project implementation were made by Republika Interactive online agency of UniCredit Tiriac Bank.
About UniCredit Tiriac Bank
UniCredit Tiriac Banks is part of UniCredit Group, European top bank which has the broadest network from CEE, counting 3.900 branches. In Romania, UniCredit Tiriac Bank is one of the main financial institutions, offering high quality services and products for all clients category. The bank aims to constantly focus on its clients, being a partner whom is easy to work with and to be a very active part of the communities.
UniCredit Group is present on the Romanian market through 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 Integrated Solutions (UBIS).
UniCredit Tiriac Bank is the first bank in Romania that provides direct cargo services to all mobile networks
08.02.2012
UniCredit Tiriac Bank launched earlier this year a new service that allows prepaid mobile phone cards recharging at any ATM or BNA, without any additional cost for the clients.
For the first time on the Romanian bank market, UniCredit Tiriac Bank offers an affordable, fast and convenient solution for the card recharging of any major mobile operators: Vodafone, Orange and Cosmote.
Not only the recharging process is very simple, but reloading is automatic, the client no longer needs to send to the operator a code and wait that the amount would transfer on the card. Now, with this recharging solution, the amount is immediately loading. The service is available for the entire ATM network of UniCredit Tiriac Bank, using the card from any bank, or for any BNA, using a banking card or cash.
“It is very important for us to offer innovative and advantageous solutions, which would help the clients to save time and effort. We consider that by launching recharging service we managed once again to do this – for any prepaid card holder, being confirmed by the large number of recharging made during testing” said Bogdan Spuza, Marketing & Segments Director, Retail Division of UniCredit Tiriac Bank.
UniCredit Tiriac Bank network currently has about 460 ATMs and 98 of the BNA's, the latter can be used for multiple transactions: Cash withdrawal and deposit, payment of utilities, exchange, formation of deposits etc
UniCredit Tiriac Bank - financing package for farmers who benefit from the APIA grants
25.01.2012
UniCredit Tiriac Bank has signed the General Convention with APIA (Agency for Payments and Intervention in Agriculture) and tripartite agreements with APIA and FGCR (Rural Credit Guarantee Fund) for funding working capital for current activities by beneficiaries of complementary national direct payments in livestock species: cattle, sheep and goats.
Also, UniCredit Tiriac Bank plans to sign in the near future convention on financing working capital for current activities by beneficiaries of State aid to achieve voluntary commitments bird welfare or the welfare and protection of pigs.
Common Agricultural Policy (CAP) is supported by two instruments: 1) the European Agricultural Fund for Rural Development - EAFRD, which is funded by the National Rural Development Program (RDP) and 2) the European Agricultural Guarantee Fund - which supports special EAGF direct payments per ha (SAPS) and the restructuring / reconversion of vineyards.
For SAPS, Romania will benefit in 2012 of over one billion euro in EAGF, and one of the priorities of the Bank will be providing financing facilities to farmers who apply for area payments starting on March 1.
There are European funds in Romania that are absorbed almost 100%.
In the first four years after accession, Romania EAGF funds received over 2.3 billion euro. The absorption of these funds was slightly below 100%, EAGF currently being European financial instrument with the highest uptake in Romania.
Farmers have benefited also from support measures financed from the national budget, both for the vegetable sector (Complementary National Direct Payments - vegetable PNDC) and livestock (PNDC - cattle, PNDC - sheep and goats, poultry welfare / pig) who registered, in turn, a high absorption rate.
UniCredit Tiriac Bank offers a complete package of funding to the farmers that are receiving EU funds and national grants, both through financing facilities dedicated to providing working capital through the receiving subsidies managed by the PIAA, and through bridge loans, investment loans, letters of guarantee banking and letters of comfort for investment projects through the National Rural Development Program (RDP).
About UniCredit Tiriac Bank
UniCredit Tiriac Banks is part of UniCredit Group, European top bank which has the broadest network from CEE, counting 3.900 branches.
In Romania, UniCredit Tiriac Bank is one of the main financial institutions, offering high quality services and products for all clients category.
The bank aims to constantly focus on its clients, being a partner whom is easy to work with and to be a very active part of the communities.
UniCredit Group is present in Romania and through 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 new savings products
20.01.2012
UniCredit Tiriac Bank has launched two new savings products for individuals: medium to long term deposits and savings plan.
A. The term deposit of 2/3/5/7 years is a unique product that addresses to those customers that are seeking advantageous solutions to place savings on longer periods while having availability.
The interest rate is fixed for the deposit and also competitive on the Romanian banking market, interest paid at the end of the period for which the deposit was formed. The product is available in RON, EUR and also USD.
In addition, whenever the client decides to withdraw money before the end of the deposit, the final value will be higher than the initial value, the interest received being, even in this situation, meaningful.
During the contract period, the amount placed is 100% guaranteed, and the client knows from the beginning how much has earned at any time during the contract. In addition, being banking deposit benefits also of the guarantee of Deposit Guarantee Fund.
Interest rates are:
| Product | 2 years | 3 years | 5 years | 7 years |
| RON | 7% | 7% | 7% | 7% |
| EUR | 4,5% | 5% | 5,5% | 6% |
| USD | 3,5% | 4% | 4,5% | 6% |
The interest rates applicable to early withdrawals, depending on the year in which they are contractually, are:
| Withdrawal year | 1 year | 1 - 2 years | 2 - 3 years | 3 - 4 years | 4 - 5 years | 5 - 6 years | 6 - 7 years |
| RON | 4,75% | 5% | 5,25% | 5,5% | 5,75% | 6,25% | 6,75% |
| EUR | 2,5% | 3% | 3,5% | 4% | 4,5% | 5% | 5.50% |
| USD | 1,5% | 2% | 2,5% | 3% | 3,5% | 4% | 4,5% |
B. The second product launched by the bank is the saving plan, product designated to those customers who aim to save a monthly amount of money, receiving also an interest that is monthly capitalized.
Depending on the chosen monthly amount, the interest rate is:
| Deposit limit | Interest rate | |
| RON | EUR | |
| < 500 RON or 100 EUR | 5% | 1,75% |
| 500 RON or 100 EUR | 5,5% | 2,25% |
Whenever a client needs to withdraw money, this account can be accessed. In addition, the customer can modify the monthly additional amount, according to his needs.
"Considering that in the new market context, there is a long term saving tendency, UniCredit Tiriac Bank launched the Savings Plan and the Deposit on medium or long term, two types of products that offer concrete answers and real benefits to customers who want to save", said Bogdan Spuza, Marketing and Segments Director of UniCredit Tiriac Bank.
"Following customer needs, we are developing flexible products that guarantee to the customers significant gains" continued Bogdan Spuza.
About UniCredit Tiriac Bank
UniCredit Tiriac Banks is part of UniCredit Group, European top bank which has the broadest network from CEE, counting 3.900 branches.
In Romania, UniCredit Bank Tiriac is one of the main financial institution and the only one that has a medium and long term expansion plan already started, providing financial products and services of high quality for all clients through a network of over territorial 240 branches.
The bank aims to constantly focus on its clients, being a partner whom is easy to work with and to be a very active part of the communities.
UniCredit Group is present in Romania and through 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 Business Integrated Solutions, the global service company of UniCredit is launched
05.01.2012
UniCredit Business Integrated Solutions SCpA is the first concrete milestone within the Group Strategic Plan 2012 announced in November 2011 to be achieved. The company will provide operational services and support to the UniCredit Commercial network.
UniCredit Business Integrated Solutions, owned 100% by UniCredit, is created from the integration and consolidation of 13 Group companies, and is dedicated to providing services in the sectors of Information and Communication Technology (ICT), Back Office and Middle Office, Real Estate, Security and Procurement.
It is one of the first service companies to be created at European level and its’ aim is to consolidate and reorganize those operational activities necessary for the correct functioning of the Groups’ business, by optimizing costs, leveraging on a more flexible delivery and an improved response time.
One of the first objectives of UniCredit Business Integrated Solutions is the reduction of 16% within 2015 of direct costs.
"The set up of a global operational machine, multifunctional and completely dedicated to the changing business needs - affirmed Paolo Fiorentino, Chief Operating Officer of UniCredit and Chairman of UniCredit Business Integrated Solutions - is an important milestone achieved within the Group Strategic Plan, which will allow us to set challenging objectives in line with the Groups’ expectations".
The company will also be responsible for all the strategic innovation for the Group, in order to identify – with the commercial divisions of the Bank - cutting edge solutions which will improve and widen the services offered to the Client.
Paolo Cederle, CEO of UniCredit Business Integrated Solutions, also stated that "we have adopted a new business model, unique in the European banking sector, which caters to the needs of each Client, instead of only to the provided services. Our Network can count on Business Lines which are dedicated to specific services needs. Agility, quality, and the rapidity to support the commercial taskforce will be the key for our competitive strategy".
The new company includes more than 13.000 people and will oversee activities in 11 countries: Austria, Germany, Italy, Poland, Great Britain, Czech Republic, Romania, Slovakia, Hungary, USA and Singapore.
The operations in Italy, Germany and Austria will be managed directly by the Global service company, as well as the coordination and the checking of the business activities within the CEE countries in line with Holding guidelines, with the aim to promote and support growth over time.
The services have been designed with an international approach in order to spread efficiency and economies of scale, maintaining the focus also on the specific local needs to further consolidate the sense of loyalty with the Client.
