December 25, 2014 10:06 PM ET

Banks

Company Overview of UniCredit Tiriac Bank S.A.

Company Overview

UniCredit Tiriac Bank S.A. provides retail and commercial banking services to individuals, small and medium-sized enterprises, and corporations in Bucharest, Romania. It operates through Corporate and Investment Banking, Retail, and Other segments. The company offers current accounts and savings products; and loans comprising housing, construction, overdraft, and refinancing loans, as well as various other loans. The company also provides a range of services, such as direct debit, safe deposit boxes, online banking, telephone, consultancy and analyze, and info SMS services; reconciliation products; debit and credit cards; investment funds; payment services; and bancassurance products. In add...

Bd. Expozitiei Nr.1F

Sector 1

Bucharest,  012101

Romania

Phone:

40 21 200 2000

Fax:

40 21 200 2022

Key Executives for UniCredit Tiriac Bank S.A.

Chairman of Management Board
Chief Financial Officer
Executive Vice President
Executive Vice President of Global Banking Services and Member of Management Board
First Executive Vice President and Member of Management Board
Compensation as of Fiscal Year 2014.

UniCredit Tiriac Bank S.A. Key Developments

UniCredit Tiriac Bank Reports Consolidated Earnings Results for the Nine Months Ended September 2014

UniCredit Tiriac Bank reported consolidated earnings results for the nine months ended September 2014. The company posted a consolidated net profit after minority interests of RON 141.6 million. Consolidated operating profit stood at RON 575.7 million. Consolidated operating revenue reached RON 1.16 billion, similar to the one recorded a year earlier. Return on equity was 6.3%, while return on assets was 0.7%.

UniCredit Tiriac Bank Announces Consolidated Earnings Results for the First Half of 2014

UniCredit Tiriac Bank announced consolidated earnings results for the first half of 2014. For the period, net profit after minority interests of RON 106.7 million. Operating profit reached RON 379.7 million, as operating revenues stood at RON 754.5 million. Return on equity was 7.2% in the first half of the year, while return on assets was 0.7%.

Ion Tiriac Reportedly Plans To Divest Stake In UniCredit Tiriac Bank

Ion Tiriac plans to divest his 45.059% stake in UniCredit Tiriac Bank S.A. to UniCredit S.p.A. (BIT:UCG), Ziarul Financiar reported. Tiriac owns 45.059% through Redrum International Investments B.V. and Vesanio Trading Limited, the report stated.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 5, 2014
RBS (Romania) S.A.
 

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