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.
Representatives of Romania’s main education trade union federations protested on August 4 for the fourth consecutive day in front of the Ministry of Education and Research, opposing austerity measures introduced under Law 141/2025, which came into force on August 1,
The Declic Community has submitted a petition signed by roughly 90,000 Romanians to the Presidential Administration, calling on president Nicușor Dan to initiate a national referendum on the reform of special pensions. The civic group is demanding that all pensions follow the contributory principle and that the retirement age be the same for all professions, […]
Besides 5.5 GW of installed solar and wind power units already in use, Romania's market regulator ANRE has approved the construction of new units with a combined capacity of nearly 6 GW, which could double the contribution of the green energy (hydro not included) from 20% currently to 40%, according to Ziarul...
Romania’s Ministry of Energy informed on Monday, August 4, that it has authorised OMV Petrom to temporarily use 80,000 tonnes of crude oil and 30,000 tonnes of diesel out of its reserves to offset the effects of refusing two ships carrying a total of 180,000 tonnes of contaminated Azeri crude oil. Minister Bogdan Ivan declared […]
In a first move of this kind on the Romanian capital market, the five investment funds resulted from the mass privatisation scheme in the 90’s – Lion Capital, Evergent Investments, Transilvania Investments, Longshield Investment Group, and Infinity Capital (directly or through subsidiaries) – jointly financed, in full, the EUR 100 million bond issue of real […]
By July 23, the Treasury had borrowed RON 28.93 billion (EUR 5.6 billion) from households this year, a share of 16.7% in the total public financing undertaken by the government to cover the record financing needs, according to data published by the Ministry of Finance and compiled by Cursdeguvernare.ro. The...
