05.06.2014

Romanian lending is showing signs of recovery, with banks reporting increased demand for both business and consumer loans, CEC Bank’s president Radu Ghetea said Tuesday. more

05.06.2014

Romanian state-owned lender CEC Bank Tuesday said its net profit rose 5.4% to about 39 million lei (EUR8.78 million) in 2013, from RON37 million a year earlier. more

04.23.2014

CEC Bank granted loans worth approximately RON2 million in the last two months via the Program on Guaranteeing Loans for Small and Medium Enterprises and is currently checking up loans worth another more

04.15.2014

The level of non-performing loans (NPLs) in the agricultural sector is very low, Radu Gratian Ghetea, head of Romanian state-run lender CEC Bank said Tuesday. more

03.19.2014

Romanian state-run lender CEC Bank should consider listing its shares on the Bucharest Stock Exchange or issuing corporate bonds as a means to attract extra funds and support the local economy, an more

03.07.2014

The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about the more

02.20.2014

Radu Ghetea will be dismissed as head of Romania’s state-run CEC Bank, Prime Minister Victor Ponta said Thursday. more

02.11.2014

CEC Bank will benefit from state guarantees of up to RON260 million, allowing it to lend over RON520 million to small and medium-sized businesses seeking loans to fund their working capital, the bank more

01.16.2014

Romanian state-run lender CEC Bank reported a pretax profit of some 65 million lei (EUR14.36 million) in 2013, almost double on the year, government sources said Wednesday. more

09.16.2013

Romaqua, one of the largest Romanian-held companies in the fast moving consumer goods sector, is giving the lead to borrowing in lei, after refinancing an about 500 million lei (EUR112 million) taken more

08.28.2013

Romania’s Economy Ministry selected state-run lender CEC Bank to grant loans under a state-supported program aimed to help young entrepreneurs, which offers non-reimbursable financing of up to more

07.18.2013

Romanian-controlled banks are on their way to extinction, with multiple factors at play: the indiscriminate privatizations conducted in the previous decade amid pressure from external creditors, more

06.26.2013

The European Investment Bank Wednesday said it will lend EUR45 million to Romanian state-run CEC Bank to finance projects of SMEs, mid-caps and public sector institutions in various economic areas, more

06.12.2013

Interest rates on leu-denominated loans will stay high due to weak economic performance, the head of UniCredit Tiriac Bank said Wednesday. more

06.12.2013

Romanian state-owned lender CEC Bank is interested in taking over credit portfolios sold by other institutions as the market share is important for a bank. more

06.11.2013

Romanian state-run lender CEC Bank has secured a EUR25 million credit line from the Council of Europe Development Bank (CEB) to finance productive investment in the public and SME sectors, the more

06.10.2013

Romanian state-owned lender CEC Bank has increased its share capital by 32.5 million lei (EUR7.14 million) to RON1.12 billion by capitalizing on its 2012 profits, the bank said in a statement Monday. more

05.27.2013

Romanian state-owned lender CEC Bank will borrow EUR25 million from the Council of Europe Development Bank (CEB) to finance investment projects developed by small and medium-sized enterprises and more

05.27.2013

Romanian state-owned lender CEC Bank Monday said its net profit fell to 37 million lei (EUR8.5 million) in 2012, from RON67.4 million a year earlier, on higher provisioning for bad loans. more

05.23.2013

Raiffeisen Bank was the most profitable bank in Romania last year, posting 392 million lei (EUR90 million) in net profit. more

09.18.2012

Romanian state-owned lender CEC Bank Tuesday said its loan portfolio was up 6.7% to 11.2 billion lei (EUR2.5 billion) at the end of August, from RON10.5 billion in December last year. more

07.03.2012

Romanian state-owned lender CEC Bank increased by EUR11.5 million the guarantee ceiling for the state supported “First Home” program this year, after the bank exhausted the amount initially more

05.22.2012

Romanian state-owned lender CEC Bank Tuesday reported a 26.6% increase in its net profit to 67.4 million lei (roughly EUR15.2 million) in 2011, on higher revenue from lending. more

03.30.2012

Romania’s state-owned lender CEC Bank granted farmers 10,294 loans worth nearly EUR20 million in the first three months of 2012, CEC Bank president Radu Ghetea said Friday at the conference Mediafax more

12.12.2011

The fact that state-owned Romanian lender CEC Bank is no longer allowed to increase its share capital from the profits of previous years is an error, Monday said the bank's president Radu Ghetea. more