What are the medium-term objectives of UniCredit Tiriac Bank, given the role played by financial institutions in the economic recovery of the country?
Romanian market remains a strategic point for UniCredit Tiriac Bank’s medium and long term objectives. Our aim is to continue to invest, lending towards the industry, thus financing the real economy and to continue to be a trustworthy partner for our clients.As we have previously stated, on medium term, the growth potential for financing comes especially from the Corporate segment. Current relatively low consumer confidence and modest economic growth impacting Retail area, could only be overcome through sustained actions supporting companies and industry by all players of the market.UniCredit Tiriac Bank has constantly gained market share in these last 3 years and constantly increased financing volumes, as well as customer deposits. At the end of September 2012, for example, our loan portfolio was up 13.7% year-on-year and up 10.8% year-to-date. This included very consistent increases, of 45% year-to-date in small business and 21% year-to-date growth in mid-size corporate portfolio. These figures are just one proof of our strong commitment to the Romanian market.
What are the advantages of UniCredit Tiriac Bank and which elements of the experience acquired at international scale by the Group can also be applied in Romania?