UniCredit has shut down the units that failed to become profitable even after a monitoring period during which measures were taken to eliminate losses.
In Bucharest UniCredit has 46 branches. The bank’s network covers Romania’s major cities with populations of over 50,000, and depending on the market potential, it also plans to cover cities with over 30,000 inhabitants.
According to the bank’s calculations, UniCredit ranked sixth on the market by retail deposits at the end of 2012, and seventh by loans for individuals. Considering the consumer loan portfolio of UniCredit Consumer Financing IFN, UniCredit is set to also rank sixth on retail lending.
(English version by Daniela Stoican)