CEC Bank
CEC Bank (prior to May 6, 2008 Casa de Economii și Consemnațiuni, but already known then as CEC), is a state-owned Romanian banking institution.
| Company type | State-owned |
|---|---|
| Industry | Finance and Insurance |
| Founded | 1 December 1864 |
| Founder | Alexandru Ioan Cuza Enric Winterhalder (first director) |
| Headquarters | , Romania |
Area served | Romania |
Key people | Bogdan Neacșu – president |
| Products | Commercial banking, Investment banking, Private banking, Asset management |
| Revenue | 1.47 billion RON (298.7 mil. €) (2021) |
Net income | RON 424,3 mil. (2022) |
| Total assets | RON 61.748,7 mil. (2022) |
| Website | www |
In 1990, shortly after the Romanian Revolution of 1989, CEC had a 32.9% share of the Romanian market for banking; by 2006 this had fallen to 4.03%. At the end of 2009, CEC Bank had 1,351 branches, more than 800 of which were in rural Romania. After 2017 CEC began a lengthy moderisation process and as of January 2024, it became the third largest in Romania
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.