UniCredit Bank is a Romanian bank and member of

UniCredit Group UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's ...

. It has a network of 8,500 branches in 17 European countries, and a presence in another 50 international markets. Being one of the top 5 banks on the

Romania Romania is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern and Southeast Europe. It borders Ukraine to the north and east, Hungary to the west, Serbia to the southwest, Bulgaria to the south, Moldova to ...

n market, UniCredit Bank has 208 branches and almost 3,000 employees. At the end of 2015, the bank had total assets in amount of 34,6 billion RON and included approximately 600,000 active customers. Among the offered services are: financial solutions for individuals, SMEs, companies and freelancers. UniCredit Bank is recognized for specializing in the real estate market 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 ''Euromoney'' is an English-language monthly magazine focused on business and finance. First published in 1969, it is the flagship production of Euromoney Institutional Investor plc. History and profile ''Euromoney'' was first published in 19 ...

'' magazine awarded UniCredit Bank Award “Best Bank for Cash Management in Romania. Also, UniCredit Bank is recognized for their services to

Online Banking Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut ...

in 2009 and recorded the highest value of transactions in Romania by Online Banking. In October 2012, UniCredit Bank launched Mobile Banking icapplication that allows customers to access banking services at any time, with minimum effort and securely, available with a mobile

phone A telephone, colloquially referred to as a phone, is a telecommunications device that enables two or more users to conduct a conversation when they are too far apart to be easily heard directly. A telephone converts sound, typically and most ...

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. 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 In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of ...

, updated in real time.

History

Ion Țiriac Bank was founded in 1991, and then in June 2005 it merged with HVB Bank Romania. 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. 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 Banca di Roma was an Italian bank based in Rome, formed in 1992 by merger of Banco di Santo Spirito and Banco di Roma. From 2008 it was a subsidiary of UniCredit under the name UniCredit Banca di Roma S.p.A.. In 2010 the subsidiary was absorbed ...

in Romania 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. 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 A mortgage loan or simply mortgage (), in civil law (legal system), civil law jurisdictions known also as a hypothec loan, is a loan used either by purchasers of real property to raise funds to buy real estate, or by existing property owners t ...

credits for property investments, the credit cards, the

current accounts A transaction account (also called a checking account, cheque account, chequing account, current account, demand deposit account, or share account at credit unions) is a deposit account or bank account held at a bank or other financial institutio ...

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.

Shareholders

* 95.62% UniCredit Bank Austria AG * 4.38% Others

References

{{Authority control Banks of Romania Companies based in Bucharest Banks established in 1990 1990 establishments in Romania UniCredit subsidiaries