Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CEC Bank registers net profit up by 5.12%...

CEC Bank registers net profit up by 5.12% in 2021

March 17, 2022

CEC Bank reported a net profit of 355 million RON in 2021, going up by 5.12% from the previous year, and assets have gone up by 22.7% and exceeded the threshold of 50 billion RON, according to the bank's results.Last year, net income from interest reported by CEC Bank summed up 1.1 billion RON and remained stable when comparing with the previous year, while net income from fees has gone up by 11.4%, to the value of 297.5 million RON.CEC Bank's net profit has gone up in 2021 to 355 million RON (estimated, currently being audited), which has gone up from 337.7 million RON in 2020.According to the quoted source, the total portfolio of loans granted to non-banking customers (account balance) has gone up by 17% in 2021 (over market average of 14.8%) to up to 26.9 billion RON.At the same time, deposits attracted from clients have gone up by 20.8% from year to year to year (41.9 billion RON), with a share of approximately 70% of the population segment.The data communicated by the bank shows that in 2021 it has granted 6,700 new mortgage loans, with a value of over 1.7 billion RON (+53% from 2020), approved approximately 850 investment loans, of over 3.3 billion RON (+133%) and supported over 8,000 companies with financing for current activity, with a value of over 5.7 billion RON.According to the results, the rate of non-performing loans registered a level of 5.28%, with a slight decline from 5.52% registered at the end of 2020.Founded in 1864, CEC Bank currently has the most extended national network, with over 1,000 branches and territorial units with assets that exceeded 50 billion RON at the end of 2021.  

The text of this article has been partially taken from the publication:
http://actmedia.eu/financial-and-banking/cec-bank-registers-net-profit-up-by-5.12-in-2021/96294
Read in full - click here
Central Romania: Two castles in Cluj county to host events and reopen after renovation works

Two castles in Romania's Cluj county, namely the Rákóczi-Bánffy Castle in Gilău and Bánffy Castle in Răscruci, will reopen in the coming weeks and host events dedicated to visitors.  Rákóczi-Bánffy Castle in Gilău, one of Transylvania's historical monuments, will reopen its doors after a seven-year renovation process aimed at transforming it into a multifunctional cultural […]

Romanian heritage to be celebrated at Romanian Community Summit 2024 in Chicago

The second edition of the Chicago Romanian Community Summit will take place on May 25, aiming to unite the Romanian community in Chicago. Leaders from various sectors - business, education, culture, and religion - will come together during the event to celebrate their shared heritage and establish a forum for addressing challenges. The summit also […]

Cast of Netflix’s hit show Bridgerton comment on Romanian superstitions

In a recent promotional spot, Nicola Coughlan, Claudia Jessie, and Hannah Dodd, all part of the cast for Netflix’s hit show Bridgerton, played a game of True or False, Romanian Romance Edition. The game consisted of saying whether or not a particular superstition was actually true in Romanian folklore or if it was made up. The first […]

Blood donors get free tickets at Romania’s Untold and Neversea summer festivals

The organizers of the Untold and Neversea festivals in Romania announced the start of the 10th edition of their blood donation campaign - Blood Network. Under this initiative, blood donors can get free one-day tickets for the two summer events. This year's Blood Network runs between May 18 and June 30. Music fans can donate […]

Romanian Adrian Ahriţculesei climbs Everest

Romanian mountaineer Adrian Ahriţculesei reached the summit of Mount Everest, Earth's highest mountain above sea level, after a 12-hour climb. The expedition, which started on April 11, is scheduled to end on May 30. "Ahriţculesei Adrian conquered the Roof of the World. He is on Everest (8,848 m). Next comes the hardest part of this […]

Finnish fast food chain Hesburger opens first restaurant in Romania, plans EUR 8 mln investments in first year

Hesburger, the largest chain of fast food restaurants in Finland and the Baltic countries, has entered the Romanian market with a first restaurant in Râmnicu Vâlcea. A family business with a history of over 50 years, Hesburger currently operates in nine countries and has over 470 restaurants. The company aims to open 10 new locations […]