UniCredit Bank Romania

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

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

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