Credit Europe Bank Romania closed its first semester in 2018 with a gross profit of RON 44 M

Credit Europe Bank Romania made a gross profit of RON 44 million in the first half of 2018, a significant increase from 28 million RON – the gross profit recorded in the same period in 2017.

“The results of Credit Europe Bank Romania in the first six months of this year reflect a good implementation of the targets set for 2018 and we are confident that the positive trend will continue in the second half of 2018 also. Next we will focus on expanding the segment of credit cards and corporate loans as part of our growth,” said Yakup Cil, CEO of Credit Europe Bank Romania.

On June 30, 2018, the total customer deposits increased, reaching more than 700 million euros, the total assets amounted to almost 964 million euros, and the portfolio of loans exceeded 440 million euros.

In the retail segment, the card activity, especially through CardAvantaj, continued to be a major growth engine.

In Romania, Credit Europe Bank provides a large number of products and services for individuals, SMEs and corporations, through a network consisting of 56 branches, agencies and working points.

In 2018, Credit Europe Bank (Romania) SA celebrates 25 years of existence on the local market. Member of the Credit Europe Bank NV Dutch financial group, the bank has been active since 1993, when it operated under the name Commercial and Industrial Credit Bank, subsequently becoming Finansbank (2000) and then, in 2007, following a rebranding process, receiving the Credit Europe Bank Romania naming.