BUSINESS

Garanti Bank – Allianz-Tiriac, bancassurance partnership

Garanti Bank has signed a partnership with Allianz-Tiriac, a leading insurance company in Romania, through which the bank’s retail, SME and corporate clients will receive a complimentary general insurance when contracting a guaranteed loan, according to a press release. Garanti Bank’s clients who contract secured loans with mortgage collateral will receive an insurance provided by Allianz-Tiriac protecting the goods brought as a guarantee to the bank.  The insurance policy from Allianz-Tiriac covers a wide range of risks, from catastrophic risks (earthquakes, floods, landslides) to robbery.

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