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Cec Bank SA (Romania)

Main Activities: Commercial Banking
Full name: Cec Bank SA Profile Updated: August 26, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2022 Available in: English Download a sample report

In 1996, CEC became a joint stock company having as majority shareholder the ministry of finance. Furthermore in mid 2002, the statute of CEC was modified so that the institution to be able to develop activities typical for commercial banks, with the prior approval of the central bank. The Economy and Finance Ministry, together with CEC management decided in the middle of 2007 that CEC will remain in the property of the Romanian state at least four more years, the privatization being scheduled in 2011, after reorganizing the institution. In May 2008, the name of the company became CEC Bank SA.

Headquarters
Calea Victoriei Nr. 13
Bucharest; Bucharest; Postal Code: 030022

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Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
January 13, 1997
Key Executives
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Director
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Director
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Director
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Director
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Director
Ownership Details
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100%
Subsidiaries
Fondul De Garantare A Creditului Rural - Ifn SA
99.993%
Matasari Holding SA
3.1035%
Societatea De Transfer De Fonduri Si Decontari Transfond SA
2.69%
Company Performance
Financial values in the chart are available after Cec Bank SA report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency RON. Absolute financial data is included in the purchased report.
Net interest income
42.85%
Net fee and commission income
5.5%
Operating profit (EBIT)
22.8%
Net Profit (Loss) for the Period
15.75%
Total assets
22.15%
Total equity
3.6%
Total Assets Trend
-0.52%
Net Interest Income Trend
N/A
Cost to Income Ratio
-4.22%

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