Garanti BBVA Group Romania signs a strategic partnership with Signal Iduna Asigurare Reasigurare to provide health insurance for all its employees

Bucharest, March 26, 2021 – – Garanti BBVA Group Romania signed a strategic partnership with Signal Iduna Asigurare Reasigurare, to offer all its employees a new benefit, consisting of a health insurance with wide coverage, starting this April. The health insurance is an addition to the current medical subscription that all Garanti BBVA employees are already benefiting of and it can be extended to members of the employees` families.

The health insurance, provided by the Signal Iduna Asigurare Reasigurare, will support hospitalization and surgery, serious illness, and oncology treatments. The insurance policy covers, among others, continuous hospitalization allowance and medical treatments. Other services covered by this plan include second medical opinion, reconstructive plastic surgery, and alternative treatments. Garanti BBVA Romania employees will be able to use their insurance in over 1,200 medical private clinics and hospitals in Romania as well as in Europe and Turkey, for certain treatments.

” The most valuable asset of Garanti BBVA Romania is the human capital we have, and we are grateful for the devotion, commitment and dedication our colleagues proved during the years, especially recently in this challenging period of Covid.

We believe our partnership with Signal Iduna Asigurare Reasigurare gives us the opportunity to offer our colleagues an important benefit for their health, safety, and peace of mind, by adding this health insurance to their benefits package. We are convinced that such new benefit will be highly appreciated and will set the standard in our industry”, stated Çağri Memişoğlu, Deputy General Manager of Garanti BBVA Romania.

Additionally, the insured person will receive the equivalent value of the costs of the medical services not covered by the public health system and for which the insured person paid the costs of the medical services based on an invoice / receipt.

”The past year has recalibrated the way in which extra-salary benefits are perceived by both employees and employers, and has reorganized the priorities in terms of the value they truly offer. At a time when health is the main concern for all of us and the access to medical services can be difficult, we are happy to start this new partnership with Garanti BBVA Romania for which the protection and safety of its employees are paramount”, stated Nicolae Trofin, Member of the Management Board, Signal Iduna Asigurare Reasigurare.

The health insurance segment showed positive dynamics in the first 3 quarters of 2020, with an increase of about 18% compared to the same period of the previous year, at a subscription volume of about RON 351 million, according to data released by the Financial Supervision Authority

About Garanti BBVA

Garanti BBVA Group Romania is composed of Garanti BBVA, Garanti BBVA Leasing (the brand under which Motoractive IFN SA operates), and Garanti BBVA Consumer Finance (the brand under which Ralfi IFN SA operates), which complete the bank’s offer with specific leasing products, as well as consumer loans.

Garanti BBVA Romania is present in Romania since 1998. Over time, the bank has developed a solid client portfolio and extended its digital channels and its range of quality products and services, for all business segments: Retail, SME, and Corporate.

In 2019, Garanti BBVA Romania was declared Superbrand, for the second consecutive year, emerging from a list of over 1,500 brands analyzed by Superbrands Romania.

Moreover, Garanti BBVA was awarded by the prestigious Global Finance magazine for “Best Consumer Digital Bank in Romania”, within the 2020 World’s Best Consumer Digital Banks event, this being the 13th prize that Garanti BBVA received from this reputable publication.

Garanti BBVA Group Romania is held by Garanti BBVA Turkey (TGB), whose majority shareholder is the Spanish financial group Banco Bilbao Vizcaya Argentaria (BBVA).

To stay updated, please visit www.garantibbva.ro/ro/, and follow facebook.com/GarantiBBVARomania and linkedin.com/company/garanti-bbva-romania.

About Signal Iduna Asigurare Reasigurare

Signal Iduna Group is one of the largest financial groups in Germany, formed in 1999 by the merger of SIGNAL Versicherungen, Dortmund and IDUNA NOVA Group, Hamburg. Currently, Signal Iduna is present in Germany, Poland, Hungary, Switzerland and Romania.

On the local market, the operations of the Signal Iduna Group started in June 2008, having as main direction the private health insurances, offering also competitive products on the lines of life insurances and accident insurances.

For more information you can visit the company’s website https://www.signal-iduna.ro/.

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