Romanian CEC Bank reports EUR 7.6 mln gross profit in 2012 and ups corporate loans portfolio

Romanian state - owned lender CEC Bank had a gross profit of some EUR 7.6 million (RON 33.5 million) in 2012, according to the bank. CEC Bank’s portfolio of loans to corporate customers went up 32 percent in 2012 compared to the previous year, while its assets increased by 8.5 percent. The bank’s market share was 7.3 percent in 2012. Last year, the Romanian bank’s non-performing loan ratio was 19.5 percent, while the solvency ratio stood at a level of 15.9 percent. In 2012, CEC Bank increased the number of individual customers by around 100,000, while the number of corporate clients also went up by some 15,000, reads a statement of the bank. The number of CEC Bank clients using internet banking was over 20,000. The Romanian lender currently has a total of 3.3 million individual customers and 147,000 corporate clients, over 1,100 agencies and branches and around 6,540 employees. Irina Popescu, irina.popescu@romania-insider.com (photo source: the bank)