UniCredit Bank Romania

UniCredit Bank is a Romanian bank and member of UniCredit Group. It has a network of 8,500 branches in 17 European countries, and a presence in another 50 international markets.[1]

UniCredit Bank
Company typePrivate
Founded1991 - Ion Țiriac Bank
HeadquartersBucharest, Romania
Key people
Dan Corneliu PASCARIU,
President of the Supervisory Board
Catalin Rasvan RADU, CEO
ProductsCommercial banking, Investment banking, Private banking, Asset management
RevenueIncrease 1.52 billion RON (31 December 2015)
Increase 269.5 million RON (31 December 2015)
Total assets34.6 billion RON (31 December 2015)
Number of employees
Increase 2.929 (2016)
Websitewww.unicredit.ro

Being one of the top 5 banks on the Romanian market,[2] UniCredit Bank has 208 branches and almost 3,000 employees.[3] At the end of 2015, the bank had total assets in amount of 34,6 billion RON and included approximately 600,000 active customers.[4]

Among the offered services are: financial solutions for individuals, SMEs, companies and freelancers. UniCredit Bank is recognized for specializing in the real estate market[5] and is the only bank with a dedicated real estate department. In addition, the bank offers cross border solutions, through which the bank manages the customer’s banking relations in multiple countries, ensuring that they receive the same quality of service as in their country. In 2012 and 2013, the prestigious Euromoney magazine awarded UniCredit Bank Award “Best Bank for Cash Management in Romania.[6] Also, UniCredit Bank is recognized for their services to Online Banking in 2009 and recorded the highest value of transactions in Romania by Online Banking.[7] In October 2012, UniCredit Bank launched Mobile Banking [sic] application that allows customers to access banking services at any time, with minimum effort and securely, available with a mobile phone with Internet access. Thus, UniCredit Bank is among the banks in Romania to implement mobile Banking service for phones or tablets such as the iPhone, iPad, BlackBerry, Nokia, Samsung, HTC, LG, or Motorola.[8]

UniCredit Bank launched in March 2012 the first virtual branch on Facebook from Romania, where customers can chat live via a secure connection with the bank’s consultants. Also, e-branch provides access to Online Banking and Business Net which offer the possibility to download brochures about UniCredit Bank services and programs, for individuals or legal entities, to verify the map, to locate the nearest branch or ATM BNA network, or exchange rate, updated in real time.[9]

History

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Ion Țiriac Bank was founded in 1991, and then in June 2005 it merged with HVB Bank Romania.[10] In the merger moment in 2005, Ion Țiriac Bank has a network of 60 units, total assets of 706 million (31 March 2005) and a market share of 2.9%, which ranks 11th in the banking system in Romania.[11] Meanwhile, HVB Bank Romania is ranked in the top seven banks in the local market, with total assets of around 1.4 billion euros with 320 employees in 12 branches and nearly 32,000 customers. In 2008, UniCredit Bank acquired subsidiary Banca di Roma in Romania[12] as part of a larger merger, through which UniCredit took Capitalia banking group who held also Banca di Roma. Banca di Roma, Bucharest Branch, had assets of £165.3 million at the end of 2005.[13]

In August 2013, UniCredit Bank and RBD Romania announced the completion of the legal transfer of the Retail and Royal Preferred Banking Business of RBS (Bank) Romania S.A. towards UniCredit Bank S.A. and UniCredit Consumer Financing IFN S.A.. Included in this transfer were the personal use credits, the mortgage credits for property investments[check spelling], the credit cards, the current accounts and the products and services related to the deposits, the economy accounts, the debit cards, the overdraft accounts and the iBanking service.

UniCredit Țiriac changed its name to Unicredit Bank starting August 2015 following the acquisition by Unicredit Bank Austria AG of shares representing 45 pct of UniCredit Țiriac Bank S.A owned by Țiriac Holdings Ltd.[14]

Shareholders

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References

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  1. ^ "Pressreleass". Unicreditgroup.eu. Archived from the original on 2013-10-29. Retrieved 2013-11-17.
  2. ^ Cristian Hostiuc, Razvan Voican (2011-02-16). "Topul profiturilor în sistemul bancar în 2015. Care sunt cele mai profitabile bănci din România". Zf.ro. Retrieved 2013-11-17.
  3. ^ "UniCredit Tiriak Bank a inregistrat un profit net de 159 milioane de lei in 2011". Unicredit-tiriac.ro. 2012-03-21. Archived from the original on 2013-10-29. Retrieved 2013-11-17.
  4. ^ "UniCredit Bank a obţinut un profit net de 269,5 milioane de lei în 2015". Hotnews.ro. Retrieved 2014-08-27.
  5. ^ "UniCredit Tiriac Bank a lansat un credit imobiliar in lei cu DAE sunt 10". Romanialibera.ro. 2010-04-07. Archived from the original on 2013-10-29. Retrieved 2013-11-17.
  6. ^ UniCredit Țiriac Bank a primit premiul pentru cea mai buna banca de cash management din Romania de la prestigioasa publicatie Euromoney
  7. ^ UniCredit Tiriac Bank a inregistrat tranzactii de 33,5 miliarde lei prin Online Banking[permanent dead link]
  8. ^ "UniCredit Tiriac Bank a lansat aplicatia de mobile banking". Efin.ro. 2012-10-02. Retrieved 2013-11-17.
  9. ^ "UniCredit Tiriac Bank deschide prima sucursala pe Facebook din Romania". Smartfinancial.ro. Retrieved 2013-11-17.
  10. ^ "No more takeovers due". Thediplomat.ro. Retrieved 2013-11-17.
  11. ^ Gabriel Nitulescu, 2 Jun 2005, sursa: Banii Nostri (2005-06-02). "Bancile Romanești învață germana". Wall-street.ro. Retrieved 2013-11-17.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  12. ^ "UniCredit a preluat Banca di Roma". Wall-street.ro. 2008-06-12. Retrieved 2013-11-17.
  13. ^ "Sucursala din București a Bancii di Roma a încheiat anul 2005 pe pierdere". Wall-street.ro. 2006-07-19. Retrieved 2013-11-17.
  14. ^ "UniCredit Țiriac Bank changes name to UniCredit Bank". 18 August 2015.