BitDifender Protection for the MasterCard Business Cards issued by UniCredit Tiriac Bank

26.11.2009

BUCHAREST, November 26th, 2009 - UniCredit Tiriac Bank company customers who own a MasterCard Business credit card have a new benefit - a free BitDefender Internet Security 2010 free licence offered by MasterCard Europe for as long as the card is valid. This initiative is aimed at ensuring total protection when the card is used on the Internet.

BitDefender Internet Security 2010 includes an innovative technology, Active Virus Control, which monitors, real time, all active applications and blocks suspicious ones. Thus, protection against new viruses and against virus lines which are still unknown is ensured. BitDefender Internet Security 2010 comes with a simplified interface which is adaptable and offers fast access to the main security functions, based on the profile of the chosen user.

This licence will be offered to all UniCredit Tiriac Bank customers, MasterCard Business card owners, and it can be downloaded once they are authenticated on the website.

"The consequences of the crisis are strongly felt in Romania as well. Given this fact, malware code authors are searching for new sources to "supplement their incomes", speculating on any vulnerabilities in the user system. To prevent their attacks, BitDefender is proud to cooperate with UniCredit Tiriac Bank and MasterCard Europe, providing top security solutions, to effectively protect their users," saidRazvan Valceanu, Country Manager, BitDefender.

Since 2004, MasterCard Europe has provided players involved in online transactions with MasterCard SecureCode, an online transaction securing programme. The initiative of the three partners, UniCredit Tiriac Bank, MasterCard Europe and BitDefender, brings more security to online transactions.

"E-commerce in Romania has followed an ascending trend, because the new financial situation pushed businesses with low logistic costs, like the online ones," says Cosmin Vladimirescu, Account Manager for Romania, MasterCard Europe. "Our surveys indicate a higher level of confidence in card payments, which creates new favourable premises for e-commerce, but, once you earned your cardholder's confidence, you have to maintain and confirm it. In order to offer more security, we signed an agreement with BitDefender, exclusively providing the owners of MasterCard Business cards issued by UniCredit Tiriac Bank with the BitDefender Internet Security 2010 service package.”

"This benefit, attached to the MasterCard Business card, makes the product more attractive and competitive, especially because today it is unique on the Romanian market, says Cezar Miron, Team Leader Cash Management Products, UniCredit Tiriac Bank. "More than that, apart from the MasterCard Secure Code protection mechanisms that the card uses, customers who use the card frequently for online purchases are protected against viruses as well as phishing. We wish to provide further value to our whole Business card portfolio, and this is the first relevant step in this direction, since we signed an agreement with the Romanian market leader for antivirus software and with MasterCard."

MasterCard Business is an embossed credit card, with a chip, which can be used nationally and internationally, it can provide access to a credit line of up to EUR 30,000 based on the company's turnover, available on 100% of POS payments.

BitDefender Internet Security 2010 incorporates a special protection module against phishing attacks, one of the most popular illegal methods to get to confidential personal data (address, phone number, personal numeric code, username and password, PIN codes, etc). These attacks generally target e-banking and online service users.

For further information on BitDefender Internet Security 2010, please click here.

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About BitDefender®

BitDefender is the producer of one of the fastest growing and most efficient data securing solutions, internationally attested. Since its beginning, in 2001, BitDefender raised the expectations and the standards in terms of proactive prevention of e-commerce dangers, by offering fast solutions which are easily updated. Every day, BitDefender protects millions of individuals and companies worldwide, offering them the possibility of a completely safe digital experience. The BitDefender solutions are available through a global partners network (distributors and resellers) in more than 100 countries around the world. In Romania, the BitDefender solutions are available through their distribution partners: Agis Computer, Aline Distribution, Asesoft Distribution, RHS Company, SCOP Computers and in the following retail chains, which have national coverage: Altex, Auchan, Carrefour, Depozitul de Calculatoare, Domo, Media Galaxy, Metro and Twister.

About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group Network, the largest banking group in the CEE region. UniCredit Tiriac Bank is a true financial services one-stop-shop, with a current database of around 600,000 customers and 245 branches. The bank provides a wide range of specialised products and services through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Business Partner.

About MasterCard Incorporated

MasterCard Incorporated promotes the global commerce, establishing an essential economic link between financial institutions, companies, cardholders and merchants all around the world. In its triple quality of franchisor, processor and advisor, MasterCard develops and implements payment solutions, processes approximately 21 billion transactions a year and offers industry reports and consultancy services to customer financial institutions as well as to merchants. Supported by MasterCard Worldwide Network and through its MasterCard®, Maestro® and Cirrus® brand family, MasterCard serves companies and consumers in over 210 countries and territories.

About MasterCard Europe

MasterCard Europe manages the MasterCard Worldwide business in Europe. Based in Waterloo, Belgium, MasterCard Europe is active in 51 European countries. Through its local offices network, MasterCard Europe understands and meets the need of customers in various European markets, enabling them to do business as they want.

The Best New Writers Awarded by Catalist and UniCredit Tiriac Bank

26.11.2009

Bucharest, November 26th 2009 - The books awarded at the UniCredit 2009 literary debut competition, initiated by Catalist and UniCredit Tiriac Bank, will be launched today, by the Humanitas Publishing House, at the XVIth edition of the Gaudeamus International Book and Education Fair. The event will start at 4pm, at the Humanitas stand within the Romexpo Central Pavilion.

The second edition of the UniCredit literary debut competition, initiated to support writers the works of whom were never published at large, attracted the participation of over 120 manuscripts, in three sections: poetry, short prose and novel.

The winners for this year are Gabriela Toma, Bucharest, in the "Poetry" section, for Cantecul geamanului (The Twin's Song), Carmen Dominte, Bucharest, in the "Short Prose” section, for Soarele rasare din televizor (The Sun Comes Out Of The TV Set) and Dorin Cozan, Vaslui, for Apocalipsa dupa Vaslui (Apocalypse of Vaslui ), for the "Novel” section.

The awarded works were selected by the same specialist jury as in the first edition of the competition, made up by Paul Cernat, Liviu Papadima and Mircea Vasilescu.

"We got involved in this project, trying to contradict the preconception that, in Romania, young authors are not supported to launch their careers," says Anca Nuta, Interim Communication Manager for UniCredit Tiriac Bank. "We, UniCredit Tiriac Bank, wanted to contribute to launching new writers, rather than do nothing. We would like to continue this competition, because, given our previous experience, we trust that, at the future editions, even more young talented writers will participate, willing to have their books published and sold in bookshops and rented in libraries."

"We conducted a mini survey before launching the competition, and we realised that such initiatives are scarce and generally restrictive - or they impose an age limit, ask for CVs, a list of previously published texts, etc."

We wanted to initiate a competition for all those who write, judged by people who are not affiliated to any publishing house or group, where the sole condition is the statute of the debutant, and the selection criteria is strictly the value of the texts, without paying attention to details such as age, experience or previous successes.

The most important thing is that we succeed in opening up a rather inaccessible road for certain authors. And the success that such a competition can ensure for the winners, doubled by having their works published by a well-known publishing house, is reason enough to continue this project."
(Cristina Guseth, Manager for Catalist)

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is a financial institution the culture and art support activities of which mainly focus on the visual arts area, covering music and literature as well, in the spirit of the UniCredit Group tradition.

The bank offers financial support for the first independent art and culture centre, UniCredit Pavilion, and it is a strategic partner for the Bucharest Contemporary Art Biennial. The cultural-artistic component of the bank's ethics and responsibility strategy takes form through its implication in long-term projects, that they finish as a main partner - for instance, The George International Festival and Competition and the UniCredit Literary Debut Competition.

About Catalist

Asociatia Catalist was founded in 2007 and it aims to promote Romanian culture, books in general, as well as future Romanian writers. Catalist's main activities include: developing partnerships with Romanian publishing houses for book reviews, promoting books amongst the public, through the www.bibliofagia.ro site; book reviews, establishing and maintaining partnerships with the local media to promote reviewed books, publishing book reviews in the local media. Other activities include: the literary debut competition launched together with UniCredit Tiriac Bank, to support the writers the works of which were never published in large volumes, serial story novels, published exclusively online, written by five Romanian novelists - a literary experiment involving the public.

About Humanitas

Founded 1990, the Humanitas Publishing House became, in 19 years, a cultural holding reuniting legally independent companies, with strong connections - The Humanitas Publishing House, The Humanitas Fiction Publishing House, The Humanitas Multimedia Publishing House, and the Humanitas Bookshops supplier.

The initial humanist sciences profile of the Humanitas Publishing House is well extended. Today, Humanitas publishes literature, philosophy, religion, social and political sciences, history and memoirs, as well as science books, practical books, art albums, children's books and school books. Over 370 books a year are published which are part of over 50 collections and author series, and the publishing house's portfolio includes the most famous classical, modern and contemporary authors.

UniCredit Tiriac Bank Introduces Green Corner In Its Branches, In Collaboration with Recolamp and ECOTIC

25.11.2009

Bucharest, November 25th, 2009 - Today, UniCredit Tiriac Bank launches, together with the collective associations Recolamp and ECOTIC, the Green Corner Programme, thus becoming the first Romanian bank to offer the public at a large a recycling infrastructure for WEEE (Waste Electrical and Electronic Equipment), including energy saving bulbs and fluorescent strips.

Green Corner recipients have been installed in over 80 UniCredit Tiriac Bank branches, the remaining 165 units having smaller scale devices, which still offer WEEE recycling services. In these branches, people who want to recycle a range of electrical and electronic items, including burnt out light sources, can do so via the “green man” - a trained employee offering support to those interested in recycling.

"This initiative continues the "The RE Campaign" internal programme, which we launched in May this year, thus taking things to a new level and making this programme available to the community," said Anca Nuta, Identity and Communication Director for UniCredit Tiriac Bank. "It is not our first green project, but it is a large scale one and its most important feature is that is based on involving our customers and anyone who is aware of recycling issues. Through the Green Corner Programme, we offer the general public the information and the means to recycle in a civilised and easy manner," Anca Nuta concluded.

"We are expanding the programme in partnership with a prestigious financial institution and we are happy that we can provide the population with a coherent and viable structure for recycling WEEE," Raul Pop said, Recolamp General Manager. "We wish to thank our partners, UniCredit Tiriac Bank, and to congratulate them for accepting and supporting this campaign together with us and ECOTIC, providing the community with a service that it really needs," Raul Pop added.

For more information on the project and the list of products that can be recycled through Green Corner units within UniCredit Tiriac Bank branches, please go to the partner's website. By calling TelVerde 0800 888 666 for free, you can find out more about proper electrical and electronic waste management, including energy sources.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 245 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

About Green Corner

Colt Verde® is a modern and environmentally friendly solution for recycling waste electrical and electronic equipment from the population, including light sources (energy saving bulbs and fluorescent tubes). This collection concept was launched in 2008 by Recolamp and it is being operated in partnership with ECOTIC. The two non-profit collection associations deal with managing waste in order to recycle it safely for the environment and the health of the population. For further details on the complete list of collection points, please go to coltverde.ro

UniCredit Group and The Ugo Foscolo Foundation receive applications for a post-university scholarship and for a post-phd scholarship

24.11.2009

November 24th, 2009 - UniCredit Group & The Ugo Foscolo Foundation receive applications for post-graduate study and for a post-PHD scholarship in the 2010-2011 University year.

The Ugo Foscolo Foundation organised a competition for the first PHD scholarship in memory of Ugo Foscolo, the former president of Banca di Roma*. The scholarship is granted to young talented students of all nationalities (in one of the 22 countries where UniCredit Group operates**), in the fields of economy or finance, who wish to continue their studies through a PHD abroad (with a European University, regardless of the country). The scholarship is granted for the 2010-2011 year, with the possibility of extension for a second year and it totals EUR 25,000 per year (plus tuition fees). The deadline for the subscriptions is December 15th, 2009.

Moreover, the Foundation announces the first competition for one of the Ugo Foscolo scholarships, for the most talented researchers in one of the 22 countries UniCredit Group operates in, who graduated from a faculty in this field, finished (or is about to finish) a finance or economy PHD on a different continent, teach or are involved in a research activity outside the Group and are planning to continue their work in the countries where UniCredit Group is present in Europe. The scholarship is granted for a two-year period, with the possibility of extension for another two years, and the annual sum is EUR 60,000. The deadline for applications is December 31st, 2009.

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About The Ugo Foscolo Foundation

The Ugo Foscolo Foundation is a private foundation established by UniCredit Group in March 2009, and it supports academic initiatives in the fields of finances, economy, law and social sciences. The Foundation's main goal is to grant post-graduate and post-PHD scholarships to support the best students.

* Banca di Roma is part of UniCredit following the 2007 merger of UniCredit Group and Capitalia Group.
** UniCredit Group is active in the following European Countries: Austria Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Germany, Hungary, Italy, Lithuania, Latvia, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and the Ukraine.

Free Kaspersky Internet Security 2010 for UniCredit Tiriac Bank SME Customers

23.11.2009

Bucharest, 23 November 2009 - UniCredit Tiriac Bank signed an agreement with Kaspersky Lab Romania, through the Punkt NET supplier and in collaboration with MCM Serv, to supply 1,500 Kaspersky Internet Security 2010 licenses. The bank will offer the licenses for free to the first 1,500 SME customers who activate their online payment service.

UniCredit Tiriac Bank is the first Romanian bank to adopt a proactive policy towards protecting their customers against the risks of online crime, by offering free licenses for a security product.

"Banks are making ongoing efforts to secure their own Online Banking authentication and authorization infrastructure, but, as far as customers are concerned, initiatives were only informative until now," says Teodor Cimpoesu, Managing Director Kaspersky Lab Romania and Bulgaria. The extra step that we recommend to all the banks in Romanian having online banking services is to secure their customer area as well, which is most at risk from attacks," added Cimpoesu.

"The security of the online banking service is comprehensive because user access is only possible through the digipass devise that generates unique access codes, said Doina Costache, Head of Alternative Channels for UniCredit Tiriac Bank. "We took things a little bit further, thinking about what we can do to enhance the security of Internet use at home or in the office. Based on the way this new free facility is received, we will continue to develop the offer for our SME customers as well as for our individual customers," she added.

UniCredit Tiriac Bank and Kaspersky Lab signed a one year agreement, and the licences they offer during this period will be free of charge for the first 1,500 SME customers that request the Business NET online payment product. After the licenses expire, they can renew them for a special price, pre-established by the supplier.

Kaspersky Lab signed a similar partnership in the UK with Barclays, customers benefiting from free licenses when they subscribe to their online banking service. The success of this initiative led to the expansion of the programme internationally as many other banking institutions came to understand the security benefits that they can bring to customers.

Kaspersky Internet Security 2010, the new complete security solution for individual users, integrates a set of innovative technologies, one of which is the Safe Run function, based on Sandbox technology - the only Internet Security programme product that offers this system. Safe Run enables users to run any new software in an isolated environment, protecting the operating system against any type of suspicious activities. According to statistics, the vulnerabilities of the operating systems and of the known applications are often exploited by hackers to attack the applications using the Internet, especially Online Payment facilities.

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About Kaspersky Lab

Kaspersky Lab produces and distributes some of the most popular PC security systems protecting users against viruses, spyware, crimeware, hackers, phishing and spam. The Kaspersky products have a superior detection rate, with the quickest response time in the individual users security industry, SMB, large networks and mobile work systems. The technology developed by Kaspersky is used internationally in the products and services of the top suppliers of security systems on the IT market.

Adequate Risk Appetite Crucial To Gaining The Upper Hand On The Market

12.11.2009

The full recovery of banking activities will most probably start in 2011
Credit quality remains the main constraint for lending
UniCredit Group clearly benefited from its business diversification

According to UniCredit Group analysts, 2010 will bring positive growth to most countries in the region, mainly to those in Central Europe, and the banking business in the CEE region will only see a visible recovery most likely in 2011. "Nevertheless, the growth rate will be lower than the market's long-term potential", said Debora Revoltella, head of CEE Strategic Analysis for UniCredit. "Central European countries like Poland, the Czech Republic or Slovakia show better prospects of recovery. In 2010, South-Eastern Europe and the Baltic countries will still be in recession and will continue to be in need of further rebalancing correction." The Ukraine, Kazakhstan and Russia will see positive growth, but it will take time for them to fully recover and maximize their potential.

UniCredit Group analysts forecast an 8% growth in 2010 in lending at a regional level, following a 5% drop estimated for 2009, with recovering already starting in the corporate loan area. After some correction in 2009 and in the first part of 2010, the loan-deposit ratio is expected to gradually increase. "Rebalancing the loan-deposit ratio will continue and it is already more pronounced in countries with larger gaps in terms of domestic funding, whilst it is less pressing and might even be counterproductive in other countries," added Revoltella.

Revoltella also made reference to the need for diversification in the banking system, towards a more balanced mix of activities. UniCredit Group clearly saw a business diversification, CEE operations representing 12% of the total bank's assets at the end of 2008. Diversification is doubled by good access to financing, at a time in which, apart from an adequate risk appetite, financing possibilities and costs remain the main competitive advantage for the banks in the region. The crisis has accelerated the implementation of cost-efficiency steps all over the world and the CEE banking system is no exception. The artificial growth in the recent years, in terms of network or salary costs, might now be rebalanced. Profitability is likely to stay subdued in the next two years mainly due to the impact of higher provisioning against bad loans, even resulting in loss for the banking system estimated to occur in 2009-2010 in Baltic States like Russia, the Ukraine and Kazakhstan.

All in all, at a regional level, unfocused players might exit the market, and new ones might have new opportunities. The winners will either be new entrants or international players already active in the region, provided their ability to maintain an adequate risk appetite and leverage on their own strength.

Romanian Banks Proved Resistant Against the international crisis

According to UniCredit analysts, the growth potential of the Romanian banking system remains unchanged, and the degree of bank penetration will be maintained, with foreign capital support. Full recovery will take time, and the growth rate will only be more balanced and obvious starting from the second part of 2010.

"The performance of different banks on the same market can vary significantly, as profitability is strongly connected to the quality of a bank's portfolio and to the cost of risks. The following years will be crucial in terms of the bank's strategy reshaping," Revoltella added.

The changing competitive environment gives opportunities to strengthen the banks' positions leveraging on their existing network and on their better access to international funding, provided that the players' risk appetite is adequate.

While the region's market is still stagnant, Romania being no exception, on the deposit segment, evolution was positive in Romania given the increase of savings among the population, which contributed to the rebalancing of the banking system liabilities and to the decrease of the loan/deposit ratio down to 124% in September, with the perspective of an average on the banking system of 116% in the next 5 years.

Although affected by the international credit crisis, Romanian banks remained stable. Profits at the banking system level are estimated to decrease by 90% compared to 2008, but the market remains healthy, with high solvability, (13.7% in September 2009).

Now that the liquidity crisis is over, credit quality remains the key challenge in the following period. Profitability will have to take into account structurally higher costs of risk, but it will benefit from a leaner cost structure.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 245 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CA-IB Securities Romania, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance (UCFin) and UniCredit Business Partner.

UniCredit Tiriac Bank Records a RON 252mn Net Profit for 9M 2009

11.11.2009

Revenues grow 10% year-on-year in 9M 2009 to RON 887mn
A net profit of RON 252mn in 9M 2009 is reported, down 9% against the same period of 2008
Loan/deposit ratio ends confortable at 111% at the end of September, better than the system
Lending cost of risk is 1.3pp, covering available risks

November 11, 2009 - UniCredit Tiriac Bank reports RON 252mn net profit* under IFRS, down 9% compared to the same period of last year. Net profit under RAS for the same period is RON 225mn, up 4% compared to the same period of 2008. The main difference between the net profits is loan loss impairment due to the still existent differences b/n IFRS and the NBR provisioning rules. Profitability level remains very good within the current economic crisis context and the performance of the market: an annualized ROE of 17% and ROA of 1.8%.

The bank continues its upward business performance reporting a 15% year-on-year growth in operating profit to RON 465mn, driven by 10% growth in revenues, but 5% in operating expenses. Revenues are improving in 3Q compared to 2Q by 10%. Cost-to-Income ratio is 47.5%, better than the system, despite the 103 new branches opened in the last 21 months. Solvency ratio is 11.1% under RAS, above the10% norm. UCT continued adopting a prudent risk coverage approach. Provision stock goes up by 47% this year and net provisions through the income statement increase near two-fold for the 9M 2009 compared to the same period of last year.

"We consider our performance as satisfactory in these crisis times, providing for a good capital base and adding value to our customers and shareholders. Our focus now is laid on stability of revenue generation, high liquidity and good capitalisation levels. Awareness of available and potential credit risks and their active management are critical nowadays.", said Rasvan Radu, CEO UniCredit Tiriac Bank.

"Going successfully through the first phase of the economic and financial crisis in Romania provides evidences of the solid foundations on which the bank’s business has been developing. Thus we succeed in improving our market positions in parallel with futher strengthening our financial situation, covering available risks in prudent way and continuing our development programme.", said Stanislav Georgiev, CFO of the bank.

The balance sheet total reached RON 19.9bn, up 18% compared to a year ago. Total outstanding loan portfolio, including near EUR 1bn externalized loans with the mother company, is RON 15.7bn, flat compared to the same period of 2008, in line with the overall lending market stagnation. This does not include the increase in the consumer loans granted through the UCT delivery channel and booked on the balance sheet of UCFin, the consumer finance arm in Romania, established late last year. Customer deposits for the same period grew 53% up to RON 10.9bn. Loan-to-deposit ratio at the end of September reached 111%, compared to 163% a year ago.

Asset quality continued deteriorating in 3Q 2009, similar to the whole Romanian banking system, yet in controlled levels and not jeopardising the profit making capacity of UCT. Annualised cost of risk for the reported 9 months of the year is 134bp, provision coverage of the balance sheet loan portfolio is 4.2% and non-performing loan ratio (over 90-day default) is 4.8%. All non-performing loans are covered with the the set aside credit risk provisions, including off-balance-sheet related ones.

The bank recently introduced a new leaner organisational structure focused on greater proximity to the customer, fast business decision making, greater efficiency and better management of the whole UniCredit Group business in Romania. The bank ends September 2009 with a distribution network of 245 branches, same as in the middle of the year, and staff of near three thousand people.

Focal points

In the next 6 to 9 months the credit risk management is a main priority of UCT given the crisis cycle in the country. The bank will continue its prudent approach in covering risks with provisions and activiely managing potential and available risks. This goes along with the policy of holding strong solvency ratio and high liquidity. The active business development of the bank will continue looking for proper measurement and capturing of available opportunities. Service quality and customer care are high on agenda of all managers and employees in the bank, being included on their annual target scorecards. UCT did not discontinue whatsoever its investment program, further developing its governance model, business model, internal controls, organisational structure, service model, infrastructure and operational efficiency.

* All data presented in this document is from the financial statements under IFRS, unless otherwise stated.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of UniCredit Group, the largest banking group in Central and Eastern Europe and one of the largest in Europe. UniCredit Tiriac Bank is a true "one-stop-shop" for financial services, currently serving near 500 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 Finance (UCFin) and UniCredit Business Partner.

UniCredit Tiriac Bank Replaces the Bank Tellers in the METRO Branches with New Non-Stop Banking Automated Solutions

19.10.2009

Bucharest, October 19, 2009 - UniCredit Tiriac Bank has replaced its bank tellers at its METRO branches with a new Non-Stop automated banking service.

Via the new services, customers can deposit cash in RON, EUR or USD, can withdraw cash, can exchange money, as well as pay bills from Romtelecom, Vodafone, Orange, Enel Energie (Banat/Dobrogea), Allianz Asigurari de Viata, Allianz Asigurari Generale and Boom TV. UniCredit Tiriac Bank customers can also start RON, EUR or USD term deposits and also pay Rometelecom and Vodafone bills in cash. The online banking service can be directly accessed from the options available on the Non-Stop Banking machine screen. Up to the end of October, a scanning payment order facility is also available.

"We know that time is important to all of our customers, and this is why we thought of meeting their needs through installing the new Non-Stop Banking automated service machines in a busy commercial network such as METRO," says Bogdan Spuza, Marketing Manager for UniCredit Tiriac Bank. "This facilitates automated access to a wide range of banking operations that customers can conduct on their own, anytime they wish. Now, all essential banking operations can be carried out while doing the weekly shopping."

Through Online Banking, customers can view the status of their current loans and deposits as well as extend the term duration of their deposits. On Online Banking subscription applications made to METRO branches, nationwide, up to 31 December 2009, the bank is offering a smaller fee on the Digipass device guarantee, of EUR 12, representing 40% less than usual.

Our banking customers have access to the Non-Stop Banking service by using their UniCredit Tiriac Bank cards or the barcode issued by any of the 24 METRO agencies at any of the 28 METRO bank branches throughout the country.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 245 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

Unicredit Tiriac Bank Launches The Champions Package And Loan 11 - Banking Stars Of The Football Season

14.10.2009

Bucharest, October 14, 2009 - UniCredit Tiriac Bank launches its special product "Champion's Package", the "Loan 11" promotion, and the "UEFA CHAMPIONS CHILDS STARS" campaign, within the UEFA Champions League partnership.

For one week, UniCredit Tiriac Bank hosted the UEFA Champions League Trophy Tour in 6 cities in the country, the biggest event being held in Piata Consitutiei, Bucharest. The bank's tour de force gave 20,000 Romanians the unique opportunity to see the UEFA Champions League Trophy at home.

Keeping alive the thrill of the game, the sense of high-level competition and champion spirit, UniCredit Tiriac Bank has launched today three star-projects for the football season: "The Champions Package", the "Loan 11" promotion and the "UEFA Champions League Child Stars" campaign.

The Champions Package comes in two versions, Standard and Optimum, they are available as a limited edition and offer chip-pin MasterCard debit and credit cards with an unique UEFA Champions League design. Apart from the cards' special look, the customers have free access to the Online B@nking service, the banking phone service, to the SMS Info option; therefore, they can choose from the options that best suit them. Also, they will receive prizes for purchasing any of the Champions Package products.

"UniCredit is honoured to be the official sponsor of UEFA Champions League in the three forthcoming football seasons and we wish to share this extraordinary experience with our customers," said Bogdan Spuza, Segment Marketing Manager for UniCredit Tiriac Bank. „We are hoping that our customers can also enjoy the product packages that we have launched, the special presentation cards and the benefits they offer."

In the same competitive spirit, UniCredit Consumer Financing launches today, in the UniCredit Tiriac Bank branches, the Loan 11 promotion, which is looking for the "winning 11". Between 12 October 2009 and 31 December 2009, all customers purchasing a Loan for Anything will get two of their monthly payments paid for by the bank. From these, 11 winning customers will be drawn and they will have the balance of their outstanding loan paid in full by the bank, as soon as they are declared winners.

"One of our priorities is to be as close to our customers as possible. We wanted to use this opportunity to bring part of the thrill of competitive football into the banking field as well, by launching the Loan 11 promotional campaign, added Gauthier van Weddingen, UniCredit Consumer Financing IFN S.A. CEO. "I wish good luck to all our customers and I hope to meet the lucky 11 winners as soon as possible."

The new UniCredit Tiriac Bank offers for our customers do not stop here - between 12 October and 15 November, the "UEFA Champions League Child Stars" campaign will be active. Through this campaign, children of our bank customers might have the opportunity to accompany star players onto the pitch, in the last UEFA Champions League match taking place in Romania, on November, 24.

More information is available on www.unicredittiriac.ro or by phone, at our UniCredit Tiriac Bank Call Center, on: +40 21 200 2020.

About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 245 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

About UniCredit Consumer Financing

UniCredit Consumer Financing IFN S.A. is the Romanian branch of UniCredit Family Financing Bank S.p.a, a bank that is part of UniCredit Group, specialised in offering loans to families. Active in Italy, Germany, Bulgaria, Poland, Russia, and, since 2008, in Romania as well, this financial company has approximately 3,900,000 individual customers in Romania.

UniCredit Group Brings the UEFA Champions League Trophy to Bucharest

02.10.2009

The UEFA Champions League Trophy will be exhibited in Bucharest, in Piata Constitutiei, from today until Sunday, October 4th, enabling the public to feel the excitement of the most prestigious club football competition in the world
The legendary goalkeeper Helmut Duckadam, as the official UEFA Champions League Ambassador, has honored with his presence the Trophy Tour in Romania

Bucharest, October 2, 2009 - The UEFA Champions League Trophy Tour presented by UniCredit completes its Romanian route, by stopping today in Piata Constitutiei, in the heart of Bucharest, where the Trophy will remain on display for the public for two more days.

From today through the 4th of October, the Bucharest public will have access to the Trophy Tour Village, a stimulating exhibition space that re-creates the atmosphere of the most prestigious club football competition, featuring the silver UEFA Champions League Trophy and some unique football memorabilia. Visitors will also have the opportunity to take part in competitions and win prizes. Football fans might even have a chance to meet with the UEFA Champions League Ambassador for the Trophy Tour in Romania - Helmut Duckadam, the world famous goalkeeper, who is listed in the Guinness Book of Records for his four consecutive penalty-shootout saves in the 1986 European Champions Clubs’ cup final against Seville.

The UEFA Champions League Trophy Tour started on September 16th in Milan, went through Zagreb and entered Arad, Romania on September 28, in a four-tone safe glass protective case carried by a "trophy-truck": It traveled through Timisoara and Sibiu on the 29th of September, Brasov on the 30th of September and Pitesti on the 1st of October, before reaching Bucharest.

Representatives of UEFA, UniCredit and the international football celebrity Helmut Duckadam attended the press conference to launch the event this morning in Piata Constitutiei, in the Trophy Tour Village.

Rasvan Radu, CEO UniCredit tiriac Bank, said: "As part of the three year sponsorship of the UEFA Champions League, UniCredit is honoured to be able to offer to every Romanian a chance to see this symbol of victory up close. With a week stay in our country and six cities involved in the tour, Romanians will surely benefit a lot from the 2009 leg of the UEFA Champions League Trophy Tour".

Helmut Duckadam, Ambassador of the UEFA Champions League Trophy Tour pointed out: "This is the first time after 23 years that I have the privilege to hold the UEFA Champions League Trophy, after the victory in Seville. It is an exceptional moment for myself and hopefully for many Romanians too."

Philippe Le Floc’h, UEFA Marketing Director, added: " With the help of UniCredit and its strong presence in Central and Eastern Europe, the UEFA Champions League will continue to expand its brand in the region, and the UEFA Trophy Tour is a key initiative in this direction", Mr. Le Floc’h feels the partnership is mutually beneficial, "We are also confident that the UEFA Champions League, as a leading sporting competition, will assist UniCredit to develop and enhance its brand awareness and identity."

As part of the CSR initiatives around the UEFA Champions League Trophy Tour, in all six cities UniCredit Tiriac Bank donated a total of more than 250 sports equipments to children football teams in local schools.

After Bucharest, the UEFA Champions League Trophy Tour will also visit Budapest (Hungary) from the 10th to 11th of October, before finishing its journey in Sofia (Bulgaria) from the 17th to the 18th of October. A second group of countries will be visited in 2010 and a third group in 2011.

The 7,000 km Trophy Tour represents one of the main initiatives of UniCredit Group’s three year sponsorship of the UEFA Champions League, a strategic undertaking which will enable UniCredit Group to increase its visibility as a European banking group with strong and deep roots in 22 countries. Through the UEFA Champions League sponsorship, UniCredit Group will also develop, in partnership with local communities in countries where it is present, a series of social initiatives.

UniCredit Group brings the UEFA Champions League Trophy to Milan

16.09.2009

The UEFA Champions League Trophy Tour was kicked-off today in Milan, during an official ceremony that marked the beginning of UniCredit Group's three year sponsorship of the UEFA Champions League.
For four days the Trophy will be exhibited in Piazza Duomo, enabling the public to experience the excitement of the UEFA Champions League atmosphere.
After Milan, the UEFA Champions League Trophy Tour presented by UniCredit Group will continue its journey into other European countries.

Milan, 16 September 2009  - Today UniCredit Group inaugurated its three year sponsorship of the UEFA Champions League by hosting the UEFA Champions League Trophy Tour in Milan, a glamorous event that enables football fans and the general public to see the trophy, and feel the excitement of the most prestigious club football competition.

From today through September 20th, Piazza Duomo, in the historical heart of the city, will provide the setting for the Trophy Tour Village. It will house an array of attractions, free of charge, to explore the iconic world of the UEFA Champions League.

Passing through the “players' tunnel”, visitors will enter a stimulating exhibition space comprising photos, videos and multi-media effects that bring to life the great contests, goals and historic moments of the tournament. A “Wall of fame” is dedicated to the greatest ever champions of the European Cup and its successor, the UEFA Champions League, while big screens also recall magic moments of the prestigious tournament.

Representatives of UniCredit Group, UEFA and the City of Milan, as well as international football celebrities like Luís Figo and Franco Baresi, attended a press conference to launch the event this morning in Piazza Duomo, in the venue that will host the UEFA Champions League Trophy Tour.

Paolo Fiorentino, Deputy CEO of UniCredit Group, pointed out that "thanks to UniCredit the Trophy is on display to the Milanese public for the first time since the 2001 Final. Everyone will be able to be near the trophy and experience the excitement of this great event first-hand, an event that unites not only football fans but sports enthusiasts from all countries. The sponsorship of the UEFA Champions League, he explained, “represents a major step in developing our brand across Europe because, thanks to its global impact, UniCredit will gain significant and long-term visibility and brand awareness.”

Rob Faulkner, UEFA Head of Communications, added: “ With the help of UniCredit and its strong presence in Europe, particularly in Central and Eastern Europe, the UEFA Champions League will continue to expand its brand in the region, and the UEFA Trophy Tour is a key initiative in this direction”, Mr. Faulkner feels the partnership is mutually beneficial, “We are also confident that the UEFA Champions League, as a leading sporting competition, will assist UniCredit to develop and enhance its brand awareness and identity."

Alan Rizzi, Sports councillor of the municipality of Milan, said: “It is a great honour for our city to host the UEFA Champions League Trophy Tour and we are delighted that UniCredit and UEFA have chosen Milan, which was this year awarded also as European Capital of Sport, for the kick-start event. Our commitment towards great sporting events will not stop here, as we hope to host the final of the Champions League in the Meazza stadium in the future.”

The UEFA Champions League Trophy Tour will also visit Zagreb (Croatia) from the 25th to 26th of September, Bucharest (Romania) from the 3rd to the 4th of October, Budapest (Hungary) from the 10th to 11th of October, before concluding in Sofia (Bulgaria) from the 17th to the 18th of October. A second group of countries will be visited in 2010 and a third group in 2011.

The Tour represents one of the main initiatives of UniCredit's three year sponsorship of the UEFA Champions League, a strategic undertaking which will enable UniCredit to increase its visibility as a European banking group with strong and deep roots in 22 countries. Through the UEFA Champions League sponsorship, UniCredit will also develop, in partnership with local communities in countries where it is present, a series of social initiatives that will strengthen the sense of belonging to the Group for all of its employees.

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About UniCredit

UniCredit is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, with approximately 10,000 branches, over 168,000 employees at 30 June 2009.

In the CEE region, UniCredit operates the largest international banking network with over 4,000 branches and outlets.

The Group operates in the following countries: Austria Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

UniCredit Launches Micro-site For Football Fans, Dedicated to The UEFA Champions League

27.08.2009

More information on the UEFA Champions League trophy tour is available on the new micro-site dedicated to the biggest European inter-club football competition
The UEFA trophy will stop in 6 Romanian cities between September 28 and October 4, 2009

Bucharest, August 27, 2009 - UniCredit Group, official partner of UEFA Champions League, aims to please football fans by launching a micro-site dedicated to the biggest European inter-club competition.
The micro-site can be accessed through the special UEFA Champions League icon, straight from the UniCredit website.

Available in 7 official languages, including Romanian, the micro-site contains competition-related results and news, updated in real time. Apart from being a relevant source of information for football fans, the micro-site gives all the details on the UniCredit Group - UEFA Champions League partnership as well as on its first stage, called Trophy Tour.

Trophy Tour was launched by UniCredit Group to offer UEFA fans and everybody else the chance to see in their own country the trophy that every football player dreams of holding at least once in their career.

The Trophy Tour truck will carry the UEFA Champions League cup through five representative European countries: Italy - Milan (September, 16-20), Croatia - Zagreb (September, 25-26), Romania - Bucharest (October, 3-4), Hungary - Budapest (October, 10-11) and Bulgaria - Sofia (October, 17-18).

Romania is the only country where the trophy will travel through 6 cities: Arad (September, 28), Timisoara and Sibiu (September, 29), Brasov (September, 30), Pitesti (October, 1) and Bucharest (October, 3-4).

"UniCredit Tiriac Bank gives Romanians the unique chance to admire the UEFA trophy in their own cities and to get into the lively atmosphere of the most important football competition in Europe,", says Anca Nuta, Ad-interim Identity & Communication Director for UniCredit Tiriac Bank.

For more information on the UEFA Champions League trophy itinerary, please go to our new micro-site dedicated to the biggest inter-club football competition.

On 1st July 2009, UniCredit Group became an official sponsor of UEFA Champions League for the next three seasons (2009-2012). This partnership represents the association of a banking group with a European tradition and the most relevant European football organisation.

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About UniCredit Group

UniCredit Group is one of the strongest European financial groups, active in 22 European countries and being represented on 27 other markets, with a total number of over 40 million customers, over 10,200 branches and approximately 174,000 employees at the end of 2008.

In the CEE region, the Group owns the largest international banking network, with over 3,400 branches, where approximately 78,000 employees serve more than 28 million customers.

The Group operates in the following CEE countries: Azerbaijan, Bosnia Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kurdistan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and the Ukraine.

UniCredit Group's CEE Banking Study 2009: Banking in CEE - challenging times but recovery on the horizon

10.08.2009

Prospects for a recovery of world growth to boost CEE, but economic growth remains below potential
International financial markets are now out of a “liquidity-crisis mood” – credit quality is the main constrain for lending
Long term prospects of CEE banking remain untouched

10 August 2009 - “The international financial crisis has dominated the banking market for some time now, leaving its mark on the sector. All Central and Eastern European banking players have been affected in terms of liquidity, cost of funding and credit quality, but the appeal of CEE banking is still there”, says Debora Revoltella, Head of Strategic Analysis for CEE of UniCredit Group, referring to the recent banking study by UniCredit Group. Some positive signals start to materialize, giving hope for a recovery of world growth, which will boost the recovery of Central and Eastern Europe (CEE) as well. Following the significant reduction of economic activity in 2009, the economists of the Group forecast a slow regional growth of 1.1 % for 2010, which is a positive sign, but remains below the potential of the CEE region. Strong regional differentiation is confirmed, with Central European countries and Turkey better prepared to quickly catch the international recovery.

The entire regional CEE banking sector consists of 2,455 banks, with total assets of more than EUR 2,100 billion. The ranking of the top banks in CEE is led by UniCredit Group, operating through Bank Austria in CEE* , with total assets of EUR 121.6 billion and a net profit after taxes (before minority interest) of EUR 2,577 million in 2008. With 12% of its Group assets in CEE, UniCredit is also a well diversified player. Raiffeisen ranks second in terms of size in the region, with total assets of EUR 85.4 billion and net profit after taxes (before minority interest) of EUR 1,078 million. Erste Bank is in third place, with total assets of EUR 79.3 billion but with its net profit after taxes (before minority interest) of EUR 1,569 million in second place.

Banking growth will continue on a sounder base

International financial institutions are actively supporting the market to help facing the crisis. IMF, EBRD, World Bank and EIB are jointly acting, together with the EU. International banks active in CEE have been confirming their intention to stay in the region. The IMF has even been securing the firm commitment of the international banks to single markets (as part of the IMF support packages to the countries) by getting them to sign a bilateral agreement with the local central banks to keep their exposure and to eventually recapitalize their subsidiaries over the next years.

Today, markets are out from a “liquidity-crisis mood” and, especially for those banks featuring foreign ownership, liquidity is not the key issue. “Now credit quality and risks are the constraints for the CEE banking sector”, so Revoltella. “2009 and 2010 will remain challenging, but the long term prospects of the region remain untouched.” The gaps in terms of banking penetration and the promise of fast income convergence are still given. Financial penetration will continue in CEE, even if with a more moderate pace of growth. Recovery on the lending side will start from the corporate sector, but a significant gap in terms of banking penetration is still very much clear in retail, as concerns the mortgage component. The availability of funding on domestic or external level will remain one of the main drivers for growth.

Performance of market players differs as the competitive environment changes

The crisis has accelerated the implementation of cost-efficiency measures all over the world and CEE banking is not an exception. Some bubbles of the last years, in terms of network or salary costs, might now be rebalanced. With revenues’ growth decelerating but still sound and effective cost-efficiency measures in place, credit quality will be the main constraint for banking profitability. Important to note, today’s quality of the credit portfolio is the key discriminating factor among banks - performance of the banks in the same market might thus widely differ.

The changing competitive environment also offers opportunities. International banks active in the region – especially the top players - might strengthen their position, leveraging on their existing network and on their better access to international funding, providing the risk appetite is adequate. In some countries, the crisis is leading to a resurgence of state power in the local banking sector. New entrants could take opportunities, while unfocused players might exit the market. This however does not affect the committed top international players, where no big changes are to be expected. All in all, we expect the winners to be either new entrants or international players already active in the region, provided their ability to show adequate risk appetite and to leverage on strong funding position.

* and through Bank Pekao in Poland

UniCredit Tiriac Bank Records Growth in 1H 2009 Net Profit

05.08.2009

A net profit* of RON 181mn in 1H 2009 reported, up 2% compared to 1H 2008, in a recession environment
Deleveraging, with loan/deposit ratio down to 111%
UniCredit Tiriac Bank considers lending reactivation critical for the economy and banking sector and will draw attention in this direction yet in a strictly controlled risk framework

Bucharest, 5th of August 2009 - UniCredit Tiriac Bank reports 181mn RON net profit, a 2% annual growth under IFRS. Net profit under RAS for the same period is RON 126mn, at the same level as last year. The main difference between the net profits is loan loss impairment due to the differences b/n IFRS and the NBR provisioning rules. The bank considers this a very good result within the context of the ongoing economic and financial crisis, sharp reduction of economic activity, industrial production, sales and customer demand, and increased credit risks. Profitability level remains high: ROE is 18.8% and ROA 1.9%.

Operating profit is up 27% year-on-year to RON 316mn, driven by 18% growth in revenues, but only 9% in operating expenses. Revenues, although somewhat impacted by the price of deleveraging and reduced customer demand, remain at a very good sustainable level. Cost-to-Income ratio is 47%, better than the system, despite the 103 new branches opened in the last 18 months. A series of cost optimization actions were undertaken this year, without any negative impact on business and service quality whatsoever. Solvency ratio stays above 10% under statutory standards and liquidity level is more than comfortable.

“It is important to be preemtive and to react fast in crisis times, balancing amongst various priorities. We were focused on raising our liquidity and deleveraging our business, while at the same time continued lending and providing for a stable profitability level. This will allow us passing intact through the economic turmoil. Active risk management and control is fundamental nowadays for keeping and even growing business, supporting customers in lean times”, said Rasvan Radu, CEO UniCredit Tiriac Bank.

“Nowadays awareness, strong financials and holistic approach on business management are critical factors for survival of corporate entities but also utilization of a plenty of available opportunities. No doubt, profitability levels in the banking industry will go down, but acting appropriately and investing in the future in a difficult environment is the only rational approach for success and business longevity”, said Stanislav Georgiev, CFO of the bank.

The balance sheet total reached RON 19.5bn, up 27% compared to a year ago. Total outstanding loan portfolio, including EUR 1bn externalized loans with the mother company, rose 16% year-on-year to RON 16.2bn. Customer deposits for the same period grew 66% up to RON 10.9bn. Loan-to-deposit ratio at the end of June reached 111%, compared to 145% at the end of 2008.

Asset quality deteriorated in 1H 2009, similar to the globe banking industry and the Romanian banking system, yet in controlled levels and far from jeopardising the profit making capacity of UCT. Net operating profit for the 6-month period covers 3.2 times the respective risk cost. Annualised cost of risk is 114bp, provision coverage of the balance sheet loan portfolio 3.24% and Non-performing loan ratio 3.96%.

The bank ends June 2009 with a distribution network of 245 branches (3 new branches opened in 1H 2009), and staff of 3,101 people.

Focal points

UniCredit Tiriac Bank considers lending reactivation nowadays critical for the economy and banking sector and will draw its attention in this direction yet in a strictly controlled risk framework. Strong solvency ratio, high liquidity maintenance and adequate risk management will be of high priority in the crisis times providing for financial strength and proper business management that will provide cushion against potential further external shocks but also supporting customers and economy in crisis times. The management of the bank will carefully watch the developments of the global economy and the evolution of the crisis in Romania and will continue making fast decisions in getting compliant to new requirements and making use of all available opportunities to create value for customers and shareholders, and improving its market positioning. The bank continues realizing its intensive investment program, further developing its governance model, organizational structure, service model, infrastructure and operational efficiency.

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, currently serving near 600 thousand 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 Finance and UniCredit Processes and Administration.

* All data presented in this document is from the financial statements under IFRS, unless otherwise stated.

UniCredit Tiriac Bank Improves Offer For Consumer Loans

13.07.2009

Zero granting fee for consumer loans without mortgage up to September 15
Up to 3% lower interest rate for consumer loans with mortgage granted in RON
The bank reimburses 1% of the POS transaction value to customers that obtain a personal loan and a credit card at the same time

Bucharest 13 July 2009 - UniCredit Tiriac Bank continues to facilitate individuals access to obtaining a loan by eliminating the granting fee for personal loans without mortgage* , for applications submitted by September 15.

The elimination of the granting fee (3.5% - 4% of the requested amount) for personal loans without mortgage represents a discount of RON 1,700 of the total payable amount for an average loan** . In order to ease access to loans, at the beginning of July, the bank decreased the variable interest rates for personal loans without a mortgage by up to 4.8%, simplified the granting procedure as well as the paperwork necessary for contracting a loan, in a risk framework that is in line with the legislation in force. Customers have the possibility to opt, in the case of consumer loans without mortgage, for making an insurance policy according to which the insurer can take over the instalment payments in case of unemployment or incapacity to work.

“Our priority is to improve and simplify internal procedures, in order to make consumer loans more accessible to individuals from the point of view of the paperwork as well. On the other hand, the loan risk management is paramount in our approach, so we want to make sure that the loan rules are in perfect agreement with the present macroeconomical environment," said Gauthier van Weddingen, CEO of UniCredit Consumer Financing IFN S.A.

Moreover, UniCredit Tiriac Bank decreased interest rates by up to 3% on consumer loans with mortgage which allow loans of up to EUR 125,000 (or equivalent in RON/USD) for maximum 25 years, the minimum monthly income being RON 750.

Individual customers who contract a consumer loan and a credit card simultaneously recover 1% of the value of the POS card transactions made over the year, and this money will be used to pay the monthly instalments for the loan. The offer is valid for customers who have both products available and active on an annual basis, the payment being paid upon the anniversary of the loans start date. On that date, 1% of the value of their POS transactions made in Romania and abroad will be transferred into their account.

Consumer Loan without Mortgage	Period	Value	Fixed interest rates		Varible interest rates		DAE*** (in accordance with Robor and Euribor)
Consumer Loan without Mortgage	Period	Value	RON	EUR	RON	EUR	RON	EUR
Expres	6 months - 5 years	500 - 3.500 EUR	20,50%	23%
Standard	6 months - 7 years	3.500 - 8.000 EUR	18%	20.50%	15.20%	18.65%	25.07%	20.,32%
Special	6 months - 10 years	8.000 - 20.000 EUR	17%	18.50%	14.20%	16.65%	23.37%	17.98%
Refinancing	6 months - 10 years	Up to 20.000 EUR	18%	19.50%	15.20%	18.15%	24.44%	19.73%

Consumer Loan with Mortgage	Period	Value	Variable interest rates		DAE**** (in accordance with Robor and Euribor)
			RON	EUR	RON	EUR
Personal Plus	1 year – 20 years	5000 - 30.000 EUR	15.48%	9.84%	17.38%	10.80%
	1 year – 25 years	over 30.000 EUR

* Consumer loans without guarantee are offered by UniCredit Consumer Financing through the bank network.
** Example calculated for Loan for Anything Refinancing for 10 years, with an average value of RON 30,000 and a fixed interest rate
*** DAE calculated for variable interest rate, for the maximum period and amount granted for each product type, without granting fee, in accordance with the offer valid up to 15 September
**** DAE calculated for variable interest rate, for the maximum loan interval and amount

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About UniCredit Consumer Financing

UniCredit Consumer Financing is the Romanian subsidiary of UniCredit Family Financing Bank, a bank that is part of UniCredit Group, specialised in offering loan solutions for families. Active in Italy, Germany, Bulgaria, Poland, Russia and, since 2008, in Romania, this financial company provides services for over 3,874,000 individual customers.

About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 245 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

UniCredit Tiriac Bank Starts Issuing Chip Cards

02.07.2009

Bucharest, 2 July 2009 - UniCredit Tiriac Bank introduced chip card technology for ten types of debit and credit cards in its portfolio.

The new technology will facilitate the registration of more data than that available on the magnetic strip and it will enable online and offline authentications at the POS. The cards are issued in accordance with the EMV (Europay MasterCard Visa) standard and will be used by reading the chip as well as the magnetic strip, if the chip technology is not accepted yet.

“Compared to the traditional magnetic strip cards, the intelligent cards provide advantages like security and functionality," said Cristian Bejan, Head of the Cards Department for UniCredit Tiriac Bank. "Transactions are better protected, being processed with the dynamic authentication of the card. Furthermore, the data that is securely stored on the chip is practically impossible to copy or modify."

UniCredit Tiriac Bank ATMs have been accepting chip cards since March 2008, and the migration of POS to chip card acceptance is now being perfected.

The bank issues chip cards for the largest part of its portfolio: MasterCard Standard Credit, MasterCard Gold Credit, MasterCard Business Credit, MasterCard Standard Debit, MasterCard Gold Private, MasterCard Gold Business, Visa Classic, Visa Gold Private, Visa Business, Visa Gold Business, and, by the end of 2009, all cards in the offer will have an integrated chip.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 245 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

UniCredit Group and University of Bologna announce the second edition of the Retail Banking MBA, a program dedicated to future successful leaders

02.07.2009

20 scholarships of EUR 10,000 - 25,000 to be offered to the best candidates

Bucharest, July 2, 2009 - UniCredit Group, one of the major financial institutions in Europe and Alma Mater Graduate School of the University of Bologna announce the second edition of the International Retail Banking Master of Business Administration (MBA), due to start in October 2009. Aplications can be submitted by August 15th.

The program is the only MBA in the global educational landscape which has a focus on financial industry and retail, aiming at training new leaders in the field. Last year, 22 students coming from Austria, Bulgaria, Hungary, Indonesia, Italy, Mexico, Poland, Romania, Russia, Serbia and Ukraine had the opportunity to attend courses conducted in this program which promotes a leadership model based on the values and on the capacity to motivate and involve the others in achieving objectives.

The post-graduate program is open to young talents around the world who wish to pursue a successful career in the Retail sector, whether in a bank or elsewhere in the financial industry. The ideal candidates should be aged between 25 and 32, have a university degree and have worked in a company from a minimum of 3 to a maximum of 5 years, not necessarily in the retail banking field. An excellent knowledge of English is required.

Courses will start October 2009 and will cover areas such as General Management, Finance & Banking and Service & Retail Management. Career Development is the part of the UniCredit MBA dedicated to improving professional and interpersonal attitudes. Classes are also complemented by a three-month apprenticeship in the Retail Division of UniCredit in one of the countries where the Group is present.

The participation fee is EUR 25,000. The best 20 candidates admitted in the program will be offered scholarships of EUR 10,000 - 25,000. Candidates will also be facilitated access to loans of up to EUR 35,000 each to cover the total cost of the Master and a sum of 10,000 Euro to pay for personal expenses during the academic year.

About UniCredit Group

UniCredit is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets more than 10,200 branches and approximately 174,000 employees at 31 December 2008.

In the CEE region, UniCredit operates the largest international banking network with over 4,000 branches and outlets.

The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

UniCredit starts a three year sponsorship of the UEFA Champions League

01.07.2009

Starting from today, July 1st, UniCredit becomes an official sponsor of the UEFA Champions League for the next three seasons (2009-2012), initiating an exciting journey to position its brand at the top - in Europe and the world - in terms of visibility and awareness.

The UEFA Champions League is the most popular international football competition at club level and is followed with passion by one out of two European citizens.

As the sole banking sponsor of the UEFA Champions League, UniCredit will enhance, thanks to the partnership, its visibility as a European banking group, with a strong franchise and deep local roots in 22 countries.

"UniCredit’s sponsorship of the UEFA Champions League represents a major step in developing our brand all across Europe", said Paolo Fiorentino, Deputy CEO of UniCredit. "The Group has already a good track record in sponsoring major sporting events, but the UEFA Champions League, with its global impact, provides us with a premium platform for a sustainable and long term growth of our brand awareness".

"I am delighted that UniCredit is becoming an official partner of the UEFA Champions League for 2009 to 2012," said UEFA general secretary David Taylor. "UniCredit is a leading bank in Europe and their presence and strength in Europe, particularly in Eastern Europe, will help further establish the UEFA Champions League brand in these markets. We are confident that the UEFA Champions League, as a premier sporting event, will assist UniCredit in building and enhancing their brand awareness and identity."

Moreover, through the UEFA Champions League sponsorship, UniCredit will develop, in partnership with local communities in the countries where it is present, a series of social initiatives that will strengthen the sense of belonging of all its employees.

The program will focus, as a start, on two initiatives: a launch campaign in most of the countries where the Group has core activities, and the UEFA Champions League Trophy Tour presented by UniCredit, that will enable football fans and citizens alike to get close to the Trophy and to participate in big events.

Starting in Milan from 16th to 20th September 2009, the UEFA Champions League Trophy Tour will visit: Zagreb (Croatia) on September 25th-26th, Bucharest (Romania) on October 3rd-4th, Budapest (Hungary) on October 10th-11th and Sofia (Bulgaria) on October 17th-18th. A second group of countries will be visited in 2010 and a third one in 2011.

The sponsorship will be accompanied by a dedicated UniCredit micro website, which will be launched at the end of July, featuring all the relevant information as well as coverage of the UEFA Champions League Trophy Tour.

The Ministry of Economy and UniCredit Tiriac Bank Sign a Memorandum of Agreement to Launch Energy Investment Projects

17.06.2009

Bucharest, 17 June 2009 - The Ministry of Economy and UniCredit Tiriac Bank signed a memorandum of agreement which creates the co-operation background necessary to attract financial resources to launch some major investment projects in the energy field.

The document was signed at the Ministry of Economy headquarters by Mr. Adriean Videanu, Minister of Economy, and by Mr. Rasvan Radu, Executive President of UniCredit Tiriac Bank.

The signing of this Memorandum of Agreement between the two institutions is part of the measures taken by the Ministry of Economy to attract foreign investments to cover the necessary funds for the public investments projects in the energy field, which can ensure a growth in economy on medium term. "The Ministry of Economy is planning to do a unitary administration of the strategic projects of the subordinate companies. Given the present economic crisis and the restrictive financial situation, we are planning to consolidate our priorities and develop synergies with the financial institutions, in order to guarantee flexible financing solutions," said the Minister of Economy, Adriean Videanu.

"The co-operation between UniCredit Tiriac Bank and The Ministry of Economy will contribute to stimulate the investments in the energy field and to define strategic infrastructure projects in this field," said Mr. Rasvan Radu, Executive President of UniCredit Tiriac Bank. "Just the same as the resort authorities, we are still interested in supporting a sustainable macroeconomic growth of Romania on long term, given the national and global economical background."

The Ministry of Economy signed similar agreements to support strategic investment projects in the field with The Romanian Commercial Bank/ Erste Group Bank and BRD-Groupe Societe Generale in March and April this year.

About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 242 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

UniCredit Tiriac Bank launches financing solutiona for projects benefiting from non-reimbursable european funds

16.06.2009

Bucharest, 16 June 2009 - UniCredit Tiriac Bank launched a full range of financing solutions dedicated to projects benefiting from non-reimbursable European funds. The products will contribute to the absorption of the structural funds to the public as well as the private environment.

The bank provides beneficiaries with a bank guarantee letter for the down payment, the bridge loan, the investment loan and the short-term facility.

At the initial implementation stage, bank customers will be able to access European funds through the 121, 123, 312, 313 options within the National Programme supporting investments in Agriculture and Rural Development for the 2007-2013 interval.

Some of the projects that may now benefit from non-reimbursable funds include the upgrade of agricultural farms (agrarian as well as livestock), those dealing with the agro-alimentary processing industry and light industry, craftsmanship activities, services for the rural population, supporting rural tourism, etc. The programme is financed by the European Agricultural Fund for Rural Development and by funds from the state budget.

"Getting into the structural tools area represents for the bank an opportunity to contribute to the absorption of the European Funds, which is a priority objective nationwide," said Rasvan Radu, Chief Executive Officer of UniCredit Tiriac Bank. "By the end of the year, we will introduce products dedicated to projects which are part of the Sector Operational Programme Increase of Economic Competitiveness, which supports the improvement of energy efficiency, including the production of renewable energy sources."

The bank guarantee letter is necessary to obtain the down-payment from the authorities. The value of the letter can cover 100% or 110% of the down-payment, based on the operational programme* which the project is part of.

The maximum period of implementation for a project is 24 to 36 months, based on the Programme, Measure, Major Intervention Area, Operation and project particularity. Thus, bridge loans ensure the necessary sum up to the moment the non-reimbursable funds are cashed in, and covers up to 100% of the non-reimbursable financing, in order to reimburse the bridge loan. UniCredit Tiriac Bank can grant, based on the project, a grace period of up to 120 days after it is finalised.

Of the total costs of a project, the beneficiary has to cover the entire co-financing of the eligible expenses, as well as the non-eligible expenses**. The investment loan may be granted separately or at the same time as the bridge loan and aims for the co-financing of the eligible expenses, the co-financing project being able to reach up to 75% of those expenses.

The short-term facility ensures, apart from the other financing solutions, the necessary funds for the project acquisitions, mainly the paying of VAT, which is considered a non-eligible expense.

UniCredit Tiriac Bank also offers customers treasury products aimed at covering the exchange risk resulting from the exchange differences which can occur in various stages of implementation of the project.

The bank can take over applications for co-financing projects benefiting from non-reimbursable funds before the project application, to identify the best banking products and to elaborate a particularised financing structure which can be used in estimating the cash flow from the project documentation, as well as after the approval of the project and the signing of the contract with the authorities, in order to approve the updated financing structure for the implementation interval.

At the European Union level, the 2007-2013 period foresees, through structural instruments, a total community support for Romania of approximately EUR 27.5 billion. Structural instruments are represented by five European Funds: EFDR (The European Fund for Rural Development), ESF (The European Social Fund), CF (The Cohesion Fund), EAFRD (The European Agricultural Fund for Rural Development) and EFF (European Fisheries Fund). To these sums, approximately EUR 6 billion will be added from the national budget.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and over 242 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

* To access non-reimbursable European funds, a few Operational Programmes have been set up, documents based on which the operational programming and efficient implementation of Structural Instruments for the 2007-2013 period is achieved. The Programmes are structured on Axis and, based on needs, on Major Intervention Areas or Steps. The Major Intervention Areas can be structured on Operations.
** For each Major Intervention Area, Step and Operation, within the Applicant's Guide, the types of eligible and non-eligible expenses are specified.

UniCredit Tiriac Bank Grants EUR 4.63 Million for the Largest Electrical and Electronic Waste Management Plant in S-E Europe

05.06.2009

Bucharest, June 5, 2009 - UniCredit Tiriac Bank granted GreenWEEE International EUR 4.63 million to set up the largest plant that supplies integrated services for treating electrical and electronic equipment waste in South-Eastern Europe.

The facility was granted for a seven-year period and was intended for purchasing processing equipment in accordance with EU Directive 2002/96/EC, for electrical and electronic equipment waste (WEEE). The plant implied a total investment of around EUR 10 million. The estimated turnover for GreenWEEE is between EUR 1 and 2 million for the first year.

GreenWEEE is situated in Frasinu, Buzau county, with a total area of 10,795 m². The plant has a processing capacity of 50,000 tons of WEEE per year, which is three times more than the quantity collected in Romania in 2008. The entire recycling process respects the environment through the correct processing of waste, resulting in secondary raw matters, which will be reintroduced in the economic circuit.

"The launch of this plant, the first on the Romanian and regional market, was possible thanks to the support of UniCredit Tiriac Bank, who financed almost half of the investment that was necessary for the project, the rest of it being covered from our own funds," said Marius Costache, General Manager of GreenWEEE International. “The fact that the bank got involved shows a genuine concern for the environment protection and the desire to invest in a business for the future," added Marius Costache.

“We wish to progressively be involved in Romanian financing projects for sustainable and non-pollutant industries, the facility for Green WEEE being the first one of its kind," said Rasvan Radu, Executive President for UniCredit Tiriac Bank. “We are now trying to launch a national campaign to finance local and county councils as well as private companies concerned with implementing environmentally friendly projects. For many of those, we also offer consultancy services to help them access structural funds," added Rasvan Radu.

UniCredit Group and World Wildlife Fund have recently signed an international strategic partnership with the aim of integrating sustainability and fighting climate change in the banking sector. Within the environment support project, thresholds for reducing gas emissions in our offices and branches were established, as well as for reducing indirect emissions, related to our Group's loan and investment activities. UniCredit is aiming to become a European leader in the sustainable development area, and its first goal is to reduce CO2 emissions by 30% by the 2020, thus supporting the "20-20-20" objective, established by the European Union as part of the "Energy - Climate" package.

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About GreenWEEE International

GreenWEEE International SA is part of the Romcarbon Group, with its main headquarters in Buzau and 12 offices in the regions. The Group is active in the chemical and recycling industries and has operational offices in Romania (Arad, Bucuresti, Iasi, Corabia, Buzau), Ukraine (Odessa), Serbia (Novi Sad), Macedonia (Skopje) and Greece (Thessalonik).
It is the first integrated recycler in Romania and the largest in South-Eastern Europe, offering recycling and processing services for electrical and electronic equipment waste (WEEE) at European standards, complying with all the European and international environment legislation.

About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 242 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

UniCredit Tiriac Bank and Miles & More launch the Miles & More Gold Credit Card in Romania

21.05.2009

The co-branded Miles & More Gold Credit Card is launched by UniCredit Tiriac Bank and Miles & More in association with MasterCard
In addition to a Welcome Bonus of 2,000 Miles & More award miles , each cardholder earns 1 Miles & More award mile for every RON 4 spent

UniCredit Tiriac Bank and Miles & More launch the Miles & More Gold credit card in association with MasterCard, a premium product especially designed for people who travel frequently.

Miles & More is Europe’s largest frequent flyer programme enabling their members to earn and spend award miles. They earn miles when flying with Lufthansa and its airline partners, stay at a variety of partner hotels, or even rent a car. From now on this is also possible with the Miles & More Gold Credit Card issued by UniCredit Tiriac Bank.

Cardholders earn award miles for their daily spending like filling up the car, shopping, going out for dinner, paying the monthly bills or leaving for holidays. For every RON 4 spent at any MasterCard accepting merchant, over the Internet, in Romania or abroad, 1 award mile will be credited to the member’s Miles & More account. Additionally, the cardholder receives a Welcome Bonus of 2,000 award miles after the first card purchase and can feel safe with the free international travel insurance offered by AIG Romania.

The credit line is free of interest for up to 56 days from the purchase date provided that the cardholder fully reimburses the utilised sum within this grace period. Afterwards the standard interest rate is 26.54% per year. The minimum necessary income for the Miles & More Gold Credit Card is RON 1,000, whereas, depending on the clients’ individual income, UniCredit Tiriac Bank grants credit lines of up to RON 35,000. The credit card has zero charges at any local and international merchants. Moreover, free of charge cash-withdrawals at over 17,000 ATMs of the UniCredit Group have also been included.

Miles & More credit cardholders enjoy the extra benefit of no mileage expiration. All award miles which are currently on the Miles & More accounts and those they earn in the future, allowing them to redeem them at their convenience, while normally Miles & More award miles have an expiry date of 36 months. The only requirement is that the cardholders have held the Miles & More Credit Card for three months and make a miles-related purchase with the Miles & More Credit Card at least once a month.

Mr. Stefan Versemann, Lufthansa General Manager Passenger Sales Romania and Moldavia said: "We are delighted to be able to offer our customers increased advantages through this innovative co-operation with UniCredit Tiriac Bank. With the Miles & More Gold Credit Card by UniCredit Tiriac Bank, in association with MasterCard, three strong brands came together. We are convinced that this co-operation will be equally beneficial for all corporations in terms of increased customer loyalty through added value. Credit cardholders can benefit from spending the earned award miles for upgrades-, flights- or merchandise awards. By launching this product, we have once again demonstrated our commitment to business in Romania, as a market of strategic importance for Miles & More and Lufthansa".

Zoltan Major, Vice President Retail at UniCredit Tiriac Bank said: "The Miles & More Gold Credit Card is another step in executing our strategy to offer products that bring value to our Romanian customers and that are tailor-made to their needs and expectations. We are proud to bring this internationally successful combination of the Miles & More programme with a credit card to Romania and strongly believe in its potential. This card delivers plenty of benefits to our customers, including a flexible usage of the credit line and offers compelling travel insurance."

"Ever since their introduction on the market, co-branded cards have been very successful in Romania, thanks to their multiple benefits such as convenience, security and great rewards," said Denisa Mateescu, General Manager for Romania and the Balkan Region, MasterCard Europe. "They are particularly relevant today, when people are looking for special offers and a convenient and consistent credit line. I am sure that the Miles & More Credit Card will be a preferred choice of the Romanian cardholders.."

About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 242 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

About Miles & More

Miles & More is the frequent flyer programme of Lufthansa as well as Adria Airways, Air Dolomiti, Austrian Airlines Group, Cirrus Airlines, Croatia Airlines, LOT Polish Airlines, Lufthansa Regional, Lufthansa Private Jet, and Swiss International Air Lines. Launched in 1993 by Lufthansa, it has around 16 million members worldwide, making it Europe’s largest Frequent Flyer Programme.

Miles & More members earn award miles when flying with any of the many Star Alliance airline partners as well as hundreds of partners on the ground. The award miles earned can be redeemed for flight or non-flight awards.

About Lufthansa

Deutsche Lufthansa AG is a fully privatized group of companies offering air transport services including passenger airlines, logistics, flight catering, aircraft maintenance and information technology. Lufthansa is a founding member of the Star Alliance, and has developed one of the most comprehensive alliance networks in the industry.

Lufthansa in Romania currently offers 114 weekly flights from Bucharest, Cluj, Sibiu, and Timisoara to its hubs in Frankfurt and Munich. With Lufthansa Italia now also daily flights between Bucharest and Milan are available on a Airbus A319 with service offering an Italian touch.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes approximately 21 billion transactions each year, and provides industry-leading analysis and consulting services to financial institution customers and merchants. Through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com.

UniCredit announces its Green Deal: The Group commits to reducing its CO2 emissions by 30% by 2020 supporting the 20-20-20 goal set by the EU

07.05.2009

This is the goal of the Environmental Sustainability Program developed at international level in collaboration with WWF. Reduction targets will be defined for the emissions of offices and branches as well as for indirect emissions related to lending and investment banking activities. Emissions performance will be monitored every three years and, if there is a difference between reduction goals and results achieved, the Group will fund internationally certified offsetting projects.

UniCredit Group and WWF signed a strategic international partnership agreement aimed at integrating environmental sustainability and climate change into the banking business in accordance with Group CEO Alessandro Profumo’s vision of making the Group become the European leader in terms of sustainability. The first ambitious goal UniCredit has set is to reduce CO2 emissions by 30% by 2020, thus supporting the EU energy goal – also known as ’20-20-20’ – defined in the “Climate & Energy Package”.

“Our Climate Change strategy”, said UniCredit Deputy CEO Paolo Fiorentino, “is based on the introduction of specific policies integrated into the banking business, as well as on the development of our Environmental Sustainability Program along three main paths: the reduction in internal emissions resulting from the Group’s banking activities, the reduction in financed emissions related to lending activities, and the implementation of specific initiatives and projects aimed at strengthening the environmental identity of all Group employees. In addition, we will also support sector initiatives and international protocols focused on the same goals.”

UniCredit’s “environmental roadmap” therefore includes activities to achieve a 30% reduction in CO2 emissions generated by the Bank’s offices and branches by 2020 (mid term goal -15% emissions by 2012). Such internal emissions will be monitored and, if targets are not fully achieved, the Group will implement specific offsetting projects to close the gap to the announced target. This will be done using high-value credits, the “Gold Standard”. The first step will be the assessment of the actual “carbon footprint” of the Group, evaluating by means of a “Carbon Audit” the direct emissions resulting from the Group’s banking activities (internal emissions)

The second strategic and integrated pillar is a strong focus on financed emissions, coherently with the commitment mentioned, particularly promoting energy efficiency and renewables’ lending, as the Group is well aware of the key role a banking institution can play through financial leverage in the transition towards a low-carbon economy. For this reason, in 2009 the Group, together with WWF, plans to develop an innovative model in the banking industry that will measure the actual environmental impact of the loan portfolio in terms of GHG emissions, and therefore make it possible to steer lending decisions according to these criteria, thus enabling the Bank to contribute to the development of the Green Economy.

Within this framework, the first innovative product promoting energy efficiency has been developed in partnership with WWF: House Efficiency is a loan product targeted, at this preliminary stage, at Group employees in Italy. It will be launched over the next few days and later extended to the other countries where the Group operates. It is an inexpensive loan supported by energy consulting services. This loan product will generate real benefits such as savings on energy bills and CO2 emission reduction, which will be monitored and certified for reporting.

For example, for the residential sector in Italy: based on the available data (consumption / energy savings), in order to reduce CO2 emissions by one ton every year on average, a family would need to invest €4,000 in energy efficiency measures at their homes, whereas SMEs would reduce their annual CO2 emissions by 12 tons by investing €10,000.
This means that €1 million in green loans granted for energy efficiency can help achieve significant reductions in CO2 emissions; more specifically:
- in households: around 250 tons - as a basis for comparison consider that 250 tons of CO2 emissions saved correspond to the emissions of around 110 cars over one year, that is, 1.6 million km travelled*
- in SMEs: around 1,200 tons - as a basis for comparison consider that 1,200 tons of CO2 emissions saved correspond to 300 round-trip flights between Rome and New York for one person*.

“With this partnership we intend to support UniCredit in its virtuous plan to progressively integrate environmental issues into the Group strategies. This year WWF celebrates the Year of Climate 2009 and we are glad to contribute with our knowledge and experience to the implementation of this ambitious program. The commitment of a leading European banking group to reducing its carbon emissions is favorably welcome. Steering the investment and credit line portfolio to provide credit facilities and financial support for the most virtuous sectors can play a strategic role in tackling climate change”, said Michele Candotti, Director General of WWF Italy.

“2009 is a crucial year for climate change, as world leaders will be called to take action to tackle global warming agreeing on a global deal for climate that should be finalized at the Copenhagen COP” added Kim Carstensen, Leader of WWF Global Climate Deal Initiative.

“Even in a context such as the current one,” continued Paolo Fiorentino, “we cannot forget that we must develop our business by acting responsibly, as we know that sustainability is the key to our future and the future of our children, and that environmental protection is for us not only a commitment but also a significant business opportunity”.

* Estimate based on EU Footprint Calculator data

UniCredit Tiriac Bank reduces the level of interest rates for Individual Loans

04.05.2009

Bucharest. May 4. 2009 - Starting today, UniCredit Tiriac Bank reduced the level of interest rates for individual loans by up to 3%, at the same time simplifying the interest rate calculation formula.

The interest rate calculation formula for the loan products requested by individual customers starting May 4, 2009 is presently formed by the EURIBOR/LIBOR/RBOR 6M level plus a bank margin that covers the credit risks taken by the financing (interest rate = EURIBOR/LIBOR/RBOR 6M + bank margin). Customers who have already taken a loan on the old formula will benefit from the decrease in the interest rate following the decrease of the country risk (CDS). The interest rate is revised biannually, on June 30 and December 31.

"One of our priorities is to continue with the loans. I think the decrease in interest rates together with a series of measures to make customer services more effective will contribute to an improvement in demands. The interest rate calculation structure was simplified due to our customers requests", according to Mr Zoltan Major, Vice-President for UniCredit Tiriac Bank, responsible for the Retail Division.

To make calculations more accessible, the MRR component was eliminated (costs that result from the application of the compulsory minimum reserve mechanism) and CDS - previously used by the bank for the loan interest rate formula.

Apart from granting loans, in order to support its customers. UniCredit Tiriac Bank gives them the opportunity to restructure their previous loans by rescheduling payments for free (extending the loan period and decreasing monthly payments), changing the loan currency, for a fee of 1% of the loan value and granting a grace period of up to 6 months, during which only the interest rate is paid.

The interest rates for the main loan products offered by UniCredit Tiriac Bank:

House Loan for Purchasing and Building Houses
RON 17.54%; DAE 19.82%
EUR 10.54%; DAE 11.55%
USD 10.31%; DAE 11.31%

Car Loan
RON 21.54%; DAE 26.30%
EUR15.04%; DAE 18.22%

Study Loan
RON 18.54%; DAE 21.19%
EUR 9.54%; DAE 10.64%
USD 9.31%; DAE 10.38%

Personal Mortgage Loan
RON 18.54%; DAE 21.13%
EUR 11.54%; DAE 12.79%
USD 11.31%; DAE 12.53%

Credit card
RON 26.54%; DAE 30.70%
EUR 17.04%; DAE 19.66%

Overdraft
RON 23.54%
EUR 19.54%
USD 18.31%

5-Year Personal Loan without Mortgage*
RON 26.04%; DAE 31.84%
EUR 18.04%; DAE 21.61%
USD 16.81%; DAE 19.60%

10-Year Personal Loan without a Mortgage*
RON 27.04%; DAE 32.71%
EUR 19.04%; DAE 22.35%

5-10 Year Refinancing Loan
RON 26.54%; DAE 31.37%
EUR 18.54%; DAE 21.73%

* Personal loans without mortgage and consumer loans are granted through UniCredit Consumer Finance. in the bank's branch network throughout the country.

DAE is calculated for the maximum loan period.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network. the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services. with around 600.000 customers and 242 branches. The bank provides a wide range of specialised products and services in Romania. through its partners. UniCredit Leasing Corporation. UniCredit CAIB Securities. UniCredit CAIB Romania. UniCredit Insurance Broker. Pioneer Asset Management. UniCredit Consumer Finance and UniCredit Processes and Administration.

UniCredit Tiriac Bank Introduces New Benefits for the Online B@nking and BusinessNet Customers

28.04.2009

Bucharest, April 28, 2009 - UniCredit Tiriac Bank added new benefits to the Internet banking services to facilitate individuals and companies the downloading of current forms used in bank branches for transactions made through cards issued by the bank.

Through these new facilities, individuals using the Online B@nking service no longer need to go to the bank to change their daily card limit, nor to change order of accounts attached to the cards, nor to decline payment for contested transactions. The latter is also available for BusinessNet customers.

Another new feature is that, within the Internet Banking applications, individuals and companies can set up themselves alerts for any card transaction and the notifications are sent by e-mail, in real time. The account balance can also be received by e-mail, through a simple setup that the customers can operate via Online B@nking or BusinessNet, by selecting the preferred reporting frequency.

In 2008, the total number of users of the Internet Banking services offered by UniCredit Tiriac Bank increased by 150% compared to the previous year. This increase was maintained throughout this year as well, at the end of Q1 2009, the number of new active users of Internet Banking tripled, as compared to the same period of last year.

The service is free of charge for individuals, with no monthly administration or set up fees. To get a digipass device, which generates the Online B@nking access codes, you need to pay a 20-EUR deposit which is reimbursed when you cancel the application.

UniCredit Tiriac Bank and MasterCard® launched a promotion valid until 7 May, through which our Online B@nking customers who purchase a MasterCard Standard or a MasterCard Gold credit card and use it for POS or online transactions of at least RON 30 are eligible to win a ticket for the finals of the UEFA Champions League®, the 2008 – 2009 season. The winning ticket is offered courtesy of MasterCard®, official sponsor of the UEFA Champions League®.

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About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 242 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

The Alternative Sociale Association and UniCredit Tiriac Bank Support Children and Elderly People Affected by the Emigration of Close Relatives

22.04.2009

600 children and 500 elderly people in Iasi County will benefit from a substantial assistance programme to reintegrate them into the community

Bucharest, April 22, 2009 - The Alternative Sociale Association and UniCredit Tiriac Bank, supported by the Unidea Foundation, start the project "MIGRATIONS - Fighting the negative effects of migration amongst children and elderly people who stay behind”, which will continue until 2011.

The beneficiaries of this project are 600 children and 500 elderly persons in Iasi county, whose close relatives left to work abroad. The two categories of beneficiaries will receive psychological, social and legal assistance, as well as basic support in terms of food, essential school supplies, clothes or medicine, according to their needs.

"Migrations is a programme initiated by Unidea Foundation and UniCredit Group in Germany, Serbia and, now, in Romania, which aims to reduce the impact the migration phenomenon has on children and elderly people, who are strongly affected when their close relatives go abroad to work," said Anca Nuta, CSR Manager for UniCredit Tiriac Bank. "According to a survey by UNICEF and the Alternative Sociale Association, two years ago in the Moldova region, Romania, over 100,000 children had one or both parents leave to work abroad. These children have the right to a normal life and will now have more chances to be reintegrated into the community they live in."

"Migration for work purposes affects children as well as the elderly. Although many of the parents who go to work abroad leave their children with their grandparents, our experience showed that, often times, it is the elderly, and not only the children, who need psychological, social and medical assistance. This is why this project is addressed to children and elderly people as well," said Catalin Luca, CEO for the Alternative Sociale Association.

The programme includes a campaign meant to inform the public and make it aware of the complex issues related to the work migration phenomenon. Thus, the first stage of the programme will take place at a national and international level and will promote ways in which parents who went abroad to work can claim, in the country where they are, an allowance for the children they left behind. The second part of the campaign aims to raise awareness in the local Iasi communities and to get them involved in supporting the elderly who face difficulties.

The project "Fighting the negative migration effects amongst children and elderly people who stay behind" was initiated and will be implemented by the Alternative Sociale Association, and it will continue during the next two years with UniCredit Tiriac Bank, supported by the Unidea Foundation, which will cover the estimated costs of EUR 480,000, to reduce the impact of the migration phenomenon on the most vulnerable population categories, in an area which is seriously affected by this."

The programme is implemented in co-operation with the County Police Inspectorate, with the Iasi Community Assistance Association, The General Social Assistance and Child Protection Association in Iasi, The Iasi County Pension House.

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On The Alternative Sociale Association
The Alternative Sociale Association was founded in 1997 by a group of students at the Social Assistance Faculty within the Al. I. Cuza University in Iasi. Its main activities include supporting the justice reform, preventing and fighting human trafficking, preventing the abuse, neglect, exploitation and institutionalisation of children, providing psychological and social services for children, elderly people and minors who have been victimised. The association also deals with surveys, research, methodologies and resource publications related to these fields.

About The Unidea Foundation
The Unidea - UniCredit Foundation was created to put the values and ideals of UniCredit Group into practice. Unidea is fully financed by the Group and it is a separate entity, with its own Managing Council, formed by important representatives of civilian life. The Unidea - UniCredit Foundation is directly involved in implementing projects chosen in line with its strategy, and it promotes voluntary work, social involvement and charitable donations. In 2008, The Unidea - UniCredit Foundation initiated, developed and supervised co-operation projects in the countries where UniCredit Group is present as well as in other countries, such as Benin and Burkina Faso.

About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 242 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

UniCredit gives 1 million euro to help Abruzzo. A fund-raising initiative has been launched among 170,000 employees in all 22 countries where the Group operates.

16.04.2009

UniCredit Group is close to the people affected by the earthquake in Abruzzo (Italy) and, to testify its commitment, has allocated 1 million euro to help the region.

Within the solidarity initiative, the Group will also invite its 170,000 employees, in the 22 countries where it operates, to collaborate by donating an amount equivalent to one hour's gross salary as further help.

UniCredit Tiriac Bank opened a bank account for this purpose, so that its employees can contribute with donations by May 31st 2009.

UniCredit Tiriac Bank Launches Two New 4 and 7-Month Deposits, with Promotional Interest Rates for Individual Customers

Innovative offfer, unique on the Romanian market, for 7-month deposits – preferential interest rate granted by the bank even when the deposited sum is withdrawn before term

Bucharest, April 14, 2009 - UniCredit Tiriac Bank offers promotional interest rates for two new savings products for individuals, the 4 and 7-month deposits, with fixed interest rates. The promotion is valid until May 31, 2009. Now, the bank is offering yields of up to 14% a year on RON deposits and up to 7% per year on EURO deposits.

The 7-month deposits uniquely offer preferential interest rates for customers who decide to withdraw their money before term, that is 6% for RON deposits and 3% for EURO. When deposits are cancelled for different terms, the current account interest rate is applied.

The minimum starting sum is RON 1,000 or EUR 1,000, with no deposit or withdrawal fee, if the sums are withdrawn from the bank branch on due date.

“The two deposits for 4 and 7 months with promotional interest rates are an addition to the 2-month deposit, launched at the end of last year,” according to Alina Lupes, Mass Segments Manager for UniCredit Tiriac Bank. „We’re thereby satisfying the needs of our customers, who are now looking for the best saving options, as well as the easiest ways of accessing bank products. Apart from the very attractive yields, they have the option to start deposits even without going to the bank and being conditioned by the branch opening hours, without any additional costs," Alina Lupes added.

Individual customers can start deposits in any of our 242 branches and agencies throughout the country, through the Online B@nking service, and in our 30 offices offering the Non-Stop Banking service.

Interest rates for 2, 4 and 7-month deposits

Deposited sum	RON	EUR
< 5.000	13,00%	5,50%
5.000 – 25.000	13,25%	6,00%
25.000 - 50.000	13,50%	6,50%
> 50.000	14,00%	7,00%

About UniCredit Tiriac Bank
UniCredit Tiriac Bank is part of the UniCredit Group network, the largest banking group in Central and Eastern Europe. UniCredit Tiriac Bank is a genuine "one-stop-shop" of financial services, with around 600,000 customers and 242 branches. The bank provides a wide range of specialised products and services in Romania, through its partners, UniCredit Leasing Corporation, UniCredit CAIB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Consumer Finance and UniCredit Processes and Administration.

UniCredit Tiriac Bank and METRO Cash & Carry Romania launch their first co-branded credit card dedicated to companies

09.04.2009

Credit line equivalent of up to 30,000 EUR and a grace period of 50 days
Discounts within the METRO network and its partner stores
Unique insurance package for items purchased nationally on METRO cards

Bucharest, April 9, 2009 - UniCredit Tiriac Bank and METRO Cash & Carry announce the launch of the first cobranded card on the Romanian market dedicated to companies that are METRO customers. Thus, they benefit from a very useful payment tool for their business, whether it is traditional trade or HoReCa, which assigns more floating capital and enables access to a series of promotions on METRO products as well as their partner companies’ products.

The maximum limit of the credit line offered by the bank is the RON equivalent of 30,000 EUR, but must not exceed more than 10% of the company’s average turnover, to be calculated based on the last balance for an entire financial year. The loan is granted over a 36-month period, and the extension is calculated on maturity, if the eligibility conditions announced by the bank are fulfilled. The minimum sum to be reimbursed is 10% of the amount owed to the bank at the end of each transaction cycle.

The METRO UniCredit Tiriac Bank is available in the project’s first stage of implementation to METRO customers in Iasi and Craiova, before being implemented nationally. However, cards issued in the trial phase will be valid in all METRO hypermarkets and partner stores nationwide, and they can be used just like any other payment card at POS and ATM.

The items purchased from the METRO stores using the METRO credit card issued by UniCredit Tiriac Bank will be insured, free of charge, against damage or theft for a 15-day period from the purchase date. The insurance automatically applies to minimum purchases of RON 150.

”The main challenge our customers come up against is capital flow and the new product we are launching together with our partner, UniCredit Tiriac Bank, is meant to offer tangible support, through its credit line and its related promotions,” according to Francois Oliver, General Director, METRO Cash & Carry Romania. Thus, through this direct financial support project, we complete METRO's initiatives to support our customers and professionals in traditional or HoReCa trades, whilst endeavouring to revitalize the Romanian economy, in a very challenging year.”

Today, METRO meets all the main business needs of their customers, through specialized educational programmes for each type of business (Competence Centre for Gastronomy, Competence Centre for Resellers, Solutions Centre for Offices), through promotional prices for products, direct consultancy given by METRO sales specialists, and, now, financial support tn the form of the METRO UniCredit Tiriac Bank credit card, issued under the Visa logo, the first Romanian co-branded card for companies. This compliments other financial support products, especially tailored for professional customers (restaurants, hotels, etc.) that METRO Cash&Carry Romania has developed in liason with its partners.

For further details on the card’s features and the participating partners, please contact a METRO consultant or visit any of UniCredit Tiriac Bank branches.

Start in the application process for the 7th edition of the New Europe Master in Banking and Entrepreneurship

07.04.2009

Master’s program dedicated to the practical understanding of the European Banking system
UniCredit Group will cover up to Euro 22,000 of the registration fees for up to 30 students enrolled in the Master’s program
Deadline for submitting applications is June 30, 2009

Bucharest, April 7, 2009 – UniCredit Group announces the 7th edition of the New Europe Master in Banking and Entrepreneurship, due to start in autumn of 2009.

The Master’s program is open to graduates (both bachelor’s and master’s degrees) and young professionals with up to two years of professional experience from Romania and other Central and Eastern European countries. Successful candidates should have a university degree, a certificate to demonstrate proficiency in English and internship or work experience, preferably finance-related.

The program will be run on the duration of one academic year, giving selected students the chance to participate in at least 1,000 academic hours of classes, workshops and seminars in period from October 2009 to April 2010. This first stage of the program is followed by a 3-month internship in May – July 2010 and the final thesis in September 2010.

Professors from Italian and Eastern European universities, as well as banking sector professionals will guide students through the realities of the financial environment, helping them develop and enhance entrepreneurial skills in order to start a career in the banking field.

Starting October 2009, up to 30 selected candidates will attend classes in Italy, at the former Franciscan monastery Convento di San Francesco, located in Conegliano, an Italian town known for its original entrepreneurial activities. UniCredit Group will award selected students with a scholarship covering up to Eur 22,000 of the registration fee, the candidate having to cover the rest of EUR 3,000 up to Eur 25,000 value of tuition.

This post-graduate program was initiated in 2003 in collaboration with Fondazione Cassamarca and aims at providing a technical and practical understanding of the European banking system and of the relationships between banks and business communities.

About UniCredit Group
UniCredit is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, with over 40 million clients and more than 10,200 branches, approximately 174,000 employees at 31 December 2008.

In the CEE region, UniCredit operates the largest international banking network with over 4,000 branches and outlets, where around 78,000 employees serve more than 28 million customers.

The Group operates in the following CEE countries: Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

UniCredit Tiriac Bank Records 37% Growth in 2008 Net Profit

18.03.2009

A net* profit of RON 358.3mn in 2008 reported, up 37% compared to 2007 and up more than 2 times compared to 2006 which lays the foundation for stability in a challenging economic environment
Fast expansion and market outperfromance with 53% increase in loans, 31% in deposits and 71% of distribution network (101 new units)

18 March 2009 - UniCredit Tiriac Bank reports a 37% annual growth in audited net profit under IFRS, reaching RON 358.3mn** , estimated at more than 10% of the recurring comparable profit of the Romanian banking system*** . Profitability level remains high ROE at 21.3% (23.2% adjusted of the impact of new branches) and ROA of 2.4%.

UniCredit is Best Trade Finance Provider 2009 in CEE, Austria and Poland and Best Bank for Payments & Collections in CEE 2009

06.03.2009

The renowned magazine "Global Finance" has named the UniCredit Group as the "Best Trade Finance Provider 2009" in CEE, Austria and Poland as well as "Best Bank for Payments & Collections in CEE 2009". Decisive for winning this award were, among other things, business volume, market share, reach, product innovation, services and price policy in the countries concerned.

"We are very proud of these awards, which underscore our important position in the these markets. Our recipe for success is the unique combination of local know-how and global expertise joining forces with our IT systems to develop innovative solutions that are specially tailored to our customers - no matter what language they speak. The awards are also a clear evidence of the commitment of our first-rate employees to serve our clients. I am sure that in future other awards will follow," says Marco Bolgiani, head of the Global Transaction Banking Division.

The UniCredit Group is among the top three financial institutions in Europe in the area of transaction banking. The Global Transaction Banking Division of the Group offers products, services and solutions in the following areas: cash management and eBanking, trade finance and supply chain management as well as structured trade and export finance. "Global Finance" is one of the leading international finance magazines with more than 285,000 readers in 160 countries.

UniCredit Tiriac Bank Offers Promotional Interest Rates for 1 Month SME Deposits and for Individuals 2 Month Deposits

03.03.2009

Bucharest, March 3, 2009 - Up to 30 April, UniCredit Tiriac Bank offers promotional interest rates for SME one-month deposits and extends the promotion for two-month deposits for individuals until the end of March.

SME customers will benefit from promotional interest rates for one-month deposits. The minimum deposit is RON 10,000 or EUR 3,000, which is standard for this customer sector. The one-month interest rate is 15% per year for RON deposits and 6% for EUR deposits. The bank does not charge a starting or an administration fee for this product.

The promotion for the two-month deposits for individuals, launched at the end of last year, has been extended until 31 March, with the same interest rate of up to 14% per year for RON deposits and up to 7% per year for EUR, based on the deposited amount. The minimum deposit is RON 1,000 or EUR 1,000, and there is no starting, deposit or withdrawal fee - if the sum is withdrawn on maturity.

"The promotions we launched last year are still proving successful as they were designed to meet our customers' desire to make beneficial short-term savings," according to Dan Stancu, Retail Division Sales Manager for UniCredit Tiriac Bank. "At the end of March, we will launch new deposit products for our individual customers, including a four-month and a seven-month deposit option, as well as a variable interest rate one."

Our individual customers have the possibility to start a deposit even without going to the branch, through the Online B@nking application, as well as manage their own deposits. Any customer can start a deposit in one or more of over 240 branches and agencies within the UniCredit Tiriac network.

DEPOSITS (OFFER valid up to March 31, 2009)
Deposit term	Tiers	RON	EUR
Deposit term	RON / EUR	RON	EUR
2 months	5	13,00	5,50
	5.000 – 25.000	13,25	6,00
	25.000 – 50.000	13,50	6,50
	>50.000	14,00	7,00

About UniCredit Tiriac Bank

UniCredit Tiriac Bank is part of UniCredit Group, the largest banking group In Central and Eastern Europe. UniCredit Tiriac Bank is one of the most relevant players on the Romanian banking market, with total assets of 4.5 billion EUR (on September 30, 2008). UniCredit Tiriac Bank is a true "one-stop-shop" financial service, with a current database of over 600,000 customers and over 240 branches. In Romania, the bank offers a wide range of specialised products and services through its partners, UniCredit Leasing Corporation, CA-IB Securities, UniCredit CAIB Romania, UniCredit Insurance Broker, Pioneer Asset Management, UniCredit Markets and Investment Banking, UniCredit Processes and Administration.

PAVILION UNICREDIT - the first independent center for contemporary art and culture in Romania

19.02.2009

BUCHAREST, February 19th, 2009 - PAVILION UNICREDIT, the centre for contemporary art and culture, officially opened with the exhibition “STATEMENT”, curated by Lia Perjovschi. The Center is opened for the public in the center of the capital city, in Victoria Square.

PAVILION UNICREDIT is a space for the knowledge and interest in society, city and community, a work-in-progress independent space, a space for the production and research in the fields of visual, discursive and performative. It is a space of critical thinking, and it promotes a certain artistic perspective on art and cultural institutions, one that implies a socio-political involvement.

The Center will set up every year three-four exhibitions, discursive events, a film projection schedule and an informal educational program entitled The Free Academy. It will shelter one of the most important areas of information in the entire country, which is constituted of the Contemporary Art Archive (archive created by Lia and Dan Perjovschi) and the Pavilion Resource Room (a non-archive created by Razvan Ion and Eugen Radescu).

The structural design, the architecture of the space was created by Adriana Mereuta. The space is an unusual one for a centre of contemporary art and it was designed in such a way so as to preserve the elements of the original space, of the Communist building. Simultaneously, the architectural project added functionality and conception to its utility, while maintaining as centre of gravity, in its core, the archives/information.

PAVILION UNICREDIT is the first centre for contemporary art and culture in Romania and it is the result of an extended cooperation between the BUCHAREST BIENNALE team and UNICREDIT TIRIAC BANK.

Visiting address: 1 Şos. Nicolae Titulescu (Victoria Square), Bucharest
E-mail: pavilion@pavilionmagazine.org
Telephone: 031-103-4131

Opening hours:

Tuesday – Friday: 12.00 – 19.00
Saturday – Sunday: 14.00 – 21.00
Closed on Mondays

UniCredit Tiriac Bank grants MGV Distri-Hiper 15 Million EUR Financing

30.01.2009

Bucharest, January 30, 2009 - MGV Distri-Hiper, the Auchan hypermarkets operator in Romania, was granted 15 million EUR by UniCredit Tiriac Bank, for opening two stores in Bucharest and Suceava.

Of the total financing value, 10 million EUR have been granted over 6 years, half of this sum being used to purchase equipment for the two hypermarkets in Militari, Bucharest, and Iulius Mall, Suceava, and the remaining 5 million EUR representing working capital.

"Launching these two hypermarkets at the end of last year was a very important achievement for us. Ensuring long-term resources for these projects was our number one priority from the financial point of view and this is why we are very grateful that the UniCredit financing was successful", said Michele Ceresoli, Chief Financial Officer Auchan Romania.

"Given the present market situation, it is important for banks to continue to support their customers with long-term investment loans. To make this partnership official, the business model and the professional management of the company were of utmost importance, said Răsvan Radu, UniCredit Ţiriac Bank. Executive President.

In 2008, UniCredit Ţiriac Bank had very good position in the corporate segment, with a 53% increase of the value of the granted loans and a 57% deposit increase.

About MGV Distri-Hiper

MGV Distri-Hiper SA was founded in 2005 to open and operate Auchan hypermarkets in Romania and currently owns 6 Auchan hypermarkets and a supermarket. French retailer Auchan recently announced purchasing 51% of MGV Distri-Hiper, the operator of the Auchan hypermarkets in România. Following this transaction, the group increased their participation to 100% of the company's capital. Their expansion in Romania will continue this year, by opening two more Auchan hypermarkets in Timisoara and Constanta.

UniCredit Tiriac Bank Offers 6 Months Free Access To Online Banking and Business Net

26.01.2009

January 26, 2008 - UniCredit Ţiriac Bank launched a promotion for the free trial of the bank’s Online Banking and Business Net services, addressed to individuals as well as to SMEs. For agreements signed up to March 31, the bank offers free access to the digipass device for six months.

When these 6 months are up, the customer can choose to return the account access device to the issuing branch and to close his Online Banking account or to continue using it, by paying the guarantee.

"In 2008, the number of transactions made through the Internet by our individual and SME customers doubled compared to 2007. It is certain that online transactions are gaining appreciation and we think they will continue to expand, given the cost advantages as well. Our recently launched campaign is part of a series of measures aiming to improve the quality of our services, in this case, by offering our customers who wish to manage their accounts online the free access to our Internet banking services," said Zoltan Major, UniCredit Ţiriac Bank vice-president for the Retail Division.

The bank has 50% lower fees for Internet transactions compared to the ones performed in branches.

The promotion is addressed to customers who are new to online banking as well as to additional individual or corporate customers who will have access to this service through the customers that already have it.

The Online Banking service is available for free, and clients only need to pay the bank administration fee (RON 7.5 / EUR 2 a month), and through one of the two product and service packages, Optim or Premium. The packages contain a RON current account and a foreign currency account, a Visa Electron or Maestro debit card, overdraft, direct debit, telephone service, Online Banking, Info SMS and a MasterCard Standard credit card for the Optimum package, and a MasterCard Gold credit card for the Premium package.

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