Garanti Bank, one of the most innovative and dynamic banks on the local market, has signed a partnership with Allianz-Țiriac, 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, said the bank in a statement.

Garanti Bank’s clients who contract secured loans with mortgage collateral will receive an insurance provided by Allianz-Țiriac protecting the goods brought as a guarantee to the bank. The insurance policy from Allianz-Țiriac covers a wide range of risks, from catastrophic risks (earthquakes, floods, landslides) to robbery.

“We are delighted of signing this new bancassurance partnership, which is expected to deliver significant value to Garanti Bank clients. The two companies, Garanti Bank and Allianz-Țiriac, have strong and well-established presences on the local market and together we will offer both a competitive banking product, as well as an insurance offering maximum protection for the clients’ goods”, stated Cagri Memisoglu (pictured), Deputy General Manager, Garanti Bank.

“The new partnership with Garanti Bank is aligned with our multi-channel distribution strategy which aims to make our products accessible to different client categories. We are glad of signing the partnership with Garanti Bank and having been presented with the opportunity of offering comprehensive protection for the bank’s clients’ properties”, stated Virgil Șoncutean, Chief Sales Officer Allianz-Țiriac.