Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. CEC Bank becomes primary dealer on government bond...

CEC Bank becomes primary dealer on government bond market

May 22, 2022

Starting Monday, CEC Bank will become the primary dealer on the government bond market, informs the bank in a release.According to the quoted source, this status allows the bank to participate directly in the public auctions and subscriptions of government bonds organized on the primary market, together with the other 7 financial institutions that have the status of primary dealer."Obtaining the status of primary dealer is a confirmation of the important role that CEC Bank plays in the Romanian financial markets. The government bond market will grow in the next period and access to this market will allow us to meet the financing needs of the state, and, at the same time, to diversify our offer of savings and investment tools available to customers," said Bogdan Neacsu, General Manager of CEC Bank.In the last 12 months, the volume of government bond transactions carried out by the bank on the secondary market, weighted with maturity coefficients, amounted to over RON 25 billion."Along with a steady presence in the primary government bond market, CEC Bank has thus met the legal turnover requirements required to obtain primary dealer status. This status will allow CEC Bank to participate in government bond auctions and issues, both on their own account and on behalf of their clients," the release said.CEC Bank is the financial institution with the longest tradition in Romania. Founded in 1864, CEC Bank currently has the largest national network, with more than 1,000 branches and territorial units and assets of RON 50.6 billion, at the end of 2021.CEC Bank is a top universal bank on the Romanian market and offers a complete range of products and services to individuals, SMEs and large corporations, through multiple distribution channels: banking units, ATM networks, internet banking, mobile banking and the virtual store CEC_IN - where 100% online banking products and services can be accessed.

The text of this article has been partially taken from the publication:
Read in full - click here

  Fondul Proprietatea (hereinafter “The Fund”) published today its financial results for the first three months ended on 31 March 2022 and would like to share the following highlights:   The Fund’s share price registered a strong performance in the first three months reaching a price of RON 2.11 at 31 March 2022, a record […]

Romania’s economy grows 6.5% in first quarter, but pace may not last

Romania’s economy posted a surprising 6.5% growth rate in the first quarter, but economists predict a significant slowdown for the rest of the year, euractiv.com reads. Romania’s GDP grew 6.5% in the first quarter of 2022 compared with the same period of 2021, the statistics institute said in a flash estimate Tuesday (17 May).   […]

Euroins Romania: The time to pay for car repairs continues to be fast: 5 days is the average compensation time

  Euroins Romania Asigurare-Reasigurare SA, the most important player in the Romanian insurance industry, announces new positive results in terms of the time required to process claims and prompt payment of claims in which are not recorded human casualties   On average, in Q1 2022, Euroins paid the claims in just 5 days, 25% faster […]

Current arrears up by RON 12 billion in first four months of 2022

Current arrears increased by RON 12 billion in the first four months of this year, the president of the National Tax Administration Agency (ANAF), Lucian Ovidiu Heius, told on Friday a press conference, mentioning that he will send inspectors to companies to find out what is going on."I noticed a phenomenon in the first four […]

 iBanFirst analysis: The RON’s unusual stability is likely to continue throughout all this year

  Romania is in a very unusual situation. The country is having the most stable exchange rate against the EUR this year compared with CEE peers, the lowest key rate at 3.75 % while running large twin deficits.   This is likely to continue all this year, according to the most recent forecast by the […]

The internal flows of companies in the financial-banking industry can be affected by the rapid pace of legislative novelties

The internal flows of the companies in the financial-banking industry may be affected by the rapid pace of the legislative novelties, the growth of the number of fiscal reports, digitization of the fiscal administrations, and the intensification of the exchange of information between the Romanian fiscal authorities and those of other countries, said the specialists […]