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.
Examin, a Romanian startup specializing in AI-powered video analytics, has secured EUR 200,000 in pre-seed funding from a private investor. The funds will be directed toward a market-ready product, creating an AI-driven prototype for quality inspection in manufacturing processes (AI Quality Inspection), developing its first AI Video Analytics camera, expanding the team, and scaling marketing […]
The beginning of 2025 brought increased pollution in the Bucharest-Ilfov area, as traditional pollutants such as cars and heating systems met low wind speeds, high humidity, and thermal inversion. The latter three prevent pollutant particles from dispersing and instead keep them at ground level. As a result, the level of pollution has doubled in the […]
Prosecutors from Romania's National Anticorruption Directorate (DNA) reportedly detained Vlad Oprea, the mayor of the popular mountain town of Sinaia, for 24 hours on Thursday, January 23. He faces corruption charges in a case investigated by the DNA, with further searches set to take place at the Sinaia City Hall later today, in the presence […]
For over a decade, Rockna has been synonymous with pushing the limits of digital-to-analog conversion, creating devices that resonate deeply with audiophiles worldwide. Now, in partnership with ASSIST Software, Rockna's latest innovation, the Wavedream Reference Signature, ushers in a new era of audio fidelity, fusing technological mastery with unparalleled sound reproduction. A...
Mihail Sebastian and the Young People with Lily Souls, a documentary webcomic created by Diaspora Civică Berlin, an organization supporting the community of Romanians in Germany's capital, will be presented on January 27 in Bucharest, at the headquarters of the Romanian Cultural Institute (ICR). Inspired by the diary of writer Mihail Sebastian, the webcomic combines […]
Romania will use high-precision robotic equipment to measure airborne dust particles in three major cities, namely Brașov, Timișoara, and Bucharest. These robots will precisely determine the mass fraction of PM10 and PM2.5 particles collected from air quality monitoring stations, eliminating human error, the National Agency for Environmental Protection (ANPM) announced. The first such robot was […]
