Unicredit Tiriac: expecting growth in second half of 2010
June 2010 - From the Print Edition
Italian financial institution Unicredit Tiriac Bank saw its profit slashed by half in the first three months of 2010 compared to the same period in 2009, to 16 million Euro, due to the market stagnation and the increase in credit risk.
“The market context was difficult for the banking system, considering that Romania’s economy remained in recession in the first trimester,” Rasvan Radu, CEO and executive president of Unicredit Tiriac Bank tells The Diplomat. “The credit risk kept increasing...
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