CEC Bank Group reports a net profit of RON 279.8 million in the first half of 2024, of which the bank's net profit was RON 269.5 million, the bank informed on Thursday, in a statement sent on Friday.The bank mentions that it continued to strengthen its position on the market and registered an increase in net assets up to 93.23 billion RON, plus 35% compared to the same period last year.The Bank's net interest income increased by approximately 27% in the first semester of 2024 compared to the first semester of 2023 (respectively by approximately 211 million RON), due to the increase in interest income, generated by the monthly increase in the balance of loans and investments (securities, banks, etc.). Thus, interest income increased by approximately 673 million lei, while interest expenses also registered an upward trend, being increased by approximately 462 million RON.Net commission income increased by approximately 4.1% (respectively by approximately 5.5 million RON), reaching 139 million RON at the Bank's level (157 million RON at the Group's level) in the first semester.The bank mentions that it is consolidating its position as an active player in terms of operations with government securities, maintaining itself at the middle of the year on the first place in the list of primary dealers drawn up by the Ministry of Finance, a ranking that monitors their activity from the last 12 months on the internal market of government securities.CEC Bank ranks third in the ranking of the Romanian banking system according to the number of ATMs and MFMs owned - 1,381 new generation equipment.CEC Bank is the financial institution with the longest tradition in Romania. Founded in 1864, CEC Bank currently has the most extensive national network, with over 1,000 branches and territorial units and with assets of 93.23 billion RON, at the end of the first semester of 2024.The CEC Bank Group came into existence by the takeover, on July 27, 2023, by CEC Bank S.A., of the majority stake (99.993%) of the Rural Credit Guarantee Fund - I.F.N. SADDLE. (FGCR), together with the Ministry of Agriculture and Rural Development.
The SIGNAL IDUNA companies concluded 2024 with a total gross written premium volume of approximately RON 424 million, marking an aggregated growth of 16% compared to the previous year. These financial results reflect the consolidation of a sustainable development strategy, supported by portfolio expansion, digitalization, the launch of new solutions for both individual and corporate […]
Kantar Romania launched, during an event dedicated to their clients, "The Trust Factor – Building Brands That Endure Uncertainty", the top 20 brands that manage to inspire the greatest confidence among the Romanian consumers, based on the analysis of 162 brands from 12 sectors*. In a period marked by uncertainty and skepticism, trust becomes the […]
Balancing career success with personal growth is a challenge many professionals face today. As the pressure to achieve and perform increases, many begin to crave more than just success: they want clarity, alignment, and a deeper sense of purpose. For Lin Holmquist, business coach and one of Europe’s most acclaimed experts in Tantra, Yoga, and […]
CFR Călători, the state-owned railway company for passengers, announced that the first train entirely made up of rolling stock modernized with funds from the EU-backed Recovery and Resilience Fund (PNRR) was introduced on the Bucharest North – Constanța route. The train, which is already running, consists of a locomotive delivered by the Softronic factory in […]
The first edition of Urban Habits (nUH), a festival aiming to be “a space for ideas, debates, co-creation, and experimentation,” takes place between April 26 and April 27 at Lokal and on Erou Ion Călin Street, which will be temporarily transformed into a pedestrian space. The program will address themes ranging from innovation, design, and […]
Mall Moldova, the largest shopping center in the Moldova region, officially opened on April 17 in Iași, covering 110,000 sqm. Developed by Prime Kapital, in partnership with MAS P.L.C., Mall Moldova is part of a large-scale investment plan carried out by the two investors in Iași, worth approximately half a billion euros, which also includes […]
