CEC Bank becomes primary dealer in the government securities market
As of May 2, Romania's state-owned bank CEC Bank became a primary dealer in the government securities market, joining the other seven primary dealers.
Andrei Chirileasa · Journalist
· Updated · 1 min read
As of May 2, Romania's state-owned bank CEC Bank became a primary dealer in the government securities market, joining the other seven primary dealers.
The main benefits go to the bank's customers, who can now access directly the public debt market at a time when the interest rates are on the rise.
The primary dealer status status allows the bank to participate directly in public tenders and subscriptions of government securities organized on the primary market.
"Getting the status of a primary dealer is a confirmation of the important role that CEC Bank plays in the Romanian financial markets. The government securities market will grow in the next period, and the access to this market will allow us to meet the financing needs of the state, and at the same time to diversify our offer of savings and investment instruments available to customers," said Bogdan Neacșu, General Manager of CEC Bank.
(Photo: Shutterstock)
