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 third edition of Taifas Balkan Film and Culture Festival, set to take place in Timișoara between October 13 and October 19, will include a retrospective dedicated to Romanian director Radu Jude. The public will be able to see the director's short films, in addition to a preview of his latest production, Dracula, presented at […]
Sursa International Light Art Festival, an event featuring immersive installations, projections, and light structures, will take place at the National Library of Romania from October 13 to October 19. The event brings together international and Romanian artists “in a visual dialogue about technology, architecture and sensitivity,” the organizers announced. “We wanted to build the opportunity […]
Romania’s Defense Ministry has signed a contract worth RON 50.4 million with Rheinnmetall Automecanica, a subsidiary of the German defense industry giant Rheinmetall, for the delivery of drone detection systems, Economedia.ro reported. The radar system will be delivered within 18 months at most and will reportedly be...
The former Steaua Roșie cinema in Cluj-Napoca will reopen as Edison-House of Music, a cultural hub dedicated to music and community, the organizers of the Jazz in the Park festival announced. Built in the early 1900s, the Edison building became, after World War II, the Steaua Roșie cinema. After 1989, the venue underwent several changes […]
Unprecedented amounts of precipitation have been recorded in Romania as cyclone Barbara hit the country on October 5-8, according to the authorities. At the same time, Bucharest exceeded the absolute maximum levels of rain for October. “Between October 5–8, 2025, Romania was affected by the Mediterranean cyclone Barbara, which formed over the Ionian Sea and […]
Romania is one of six European countries recently selected to develop a new artificial intelligence and supercomputing center under the EuroHPC – AI Factories program. The project, known as the AI Factory, will be Romania’s first national AI infrastructure, marking a major step toward strengthening its digital and research capabilities. The initiative will be led […]
