CEC Bank has registered in 2018 a gross profit of RON 432.97 million, the best performance of the past 11 years, a release posted on Monday on the bank’s website reads.
The credit portfolio for legal persons increased by 12.1% against 2017, as compared to 6.8% in the average banking system, the source reads.
The credit portfolio for natural persons has also increased by 7.3% in the previous year.
The new credit in 2018 has increased by 5.34%, to about RON 7 billion.
“Continuing the policy of supporting the absorption of European Funds, the bank financed until the end of 2018 some 48,046 eligible projects to access European funds, with an overall value of grants of RON 13,932 million,” the release reads.
The balance of attracted deposits from non-banking clientele has increased by 1.1% against the previous year.
The net value of the balance at the end of 2018 was of RON 29.320 billion, down by 7.4% against 2017, following the fall of availability in the BNR account, in accordance with the minimum obligatory reserves for the enforcement period. CEC Bank says this has led to the decrease of the market share by assets volume from 7.41% at the end of 2017 to 6.51% at the end of 2018, however the bank has kept the 7th position in the Romanian banking system.