05.18.2015

Radu Gratian Ghetea, who is due to retire from his position as CEC Bank president after eight years, says the most difficult moment of his entire 43-year career in the banking sector was the more

04.06.2015

Real estate compound Green City, developed by Green City Construct, controlled by businessman Dumitru Bucsaru, was put up for sale by its legal administrator, for EUR20 million, while CEC Bank is its more

03.31.2015

Beneficiaries of EU funds taken between 2008 and 2014 should integrally implement their projects by September 30 otherwise they lose the money, Ramona Ivan, head of the Department of Foreign Relations more

02.19.2015

CEC Bank will be able to grant loans totaling RON735 million this year under the state guaranteed mortgage lending First Home program, the bank said in a statement Thursday. more

11.24.2014

Radu Ghetea, who has been at the helm of Romanian state-run CEC Bank since 2007, says he wants the bank to be more active on the lending market but this depends on finding new capital sources and one more

09.11.2014

The European Investment Bank is lending EUR100 million to Romanian state-run CEC Bank to co-finance projects developed by small and medium-sized enterprises (SMEs), midcap companies and public more

07.10.2014

Romanian lender CEC Bank will grant loans totaling EUR10 million to small and medium-sized enterprises based on a loan agreement signed with the European Investment Fund (EIF) via the Joint European more

06.17.2014

Romanian CEC bank’s chief Radu Ghetea said Tuesday that his institution will undergo an asset quality assessment based on the European methodology in view of joining the Single Supervisory more

05.06.2014

Romania’s central bank is waiting to receive a complete list with the new managing directors of CEB Bank before it can authorize any changes in the latter’s management structure, central bank more

05.06.2014

Romanian CEC Bank’s chief executive Radu Ghetea on Tuesday declined to comment about his possible replacement and said his future is in the hands of the Finance Ministry, the sole shareholder of the more

05.06.2014

Romanian lending is showing signs of recovery, with banks reporting increased demand for both business and consumer loans, CEC Bank’s president Radu Ghetea said Tuesday. more

05.06.2014

Romanian state-owned lender CEC Bank Tuesday said its net profit rose 5.4% to about 39 million lei (EUR8.78 million) in 2013, from RON37 million a year earlier. more

04.23.2014

CEC Bank granted loans worth approximately RON2 million in the last two months via the Program on Guaranteeing Loans for Small and Medium Enterprises and is currently checking up loans worth another more

04.15.2014

The level of non-performing loans (NPLs) in the agricultural sector is very low, Radu Gratian Ghetea, head of Romanian state-run lender CEC Bank said Tuesday. more

03.19.2014

Romanian state-run lender CEC Bank should consider listing its shares on the Bucharest Stock Exchange or issuing corporate bonds as a means to attract extra funds and support the local economy, an more

03.07.2014

The management team of state-owned CEC Bank is unchanged at the moment and Romania’s central bank (BNR) has not received any notification from the Finance Ministry or the lender itself about the more

02.20.2014

Radu Ghetea will be dismissed as head of Romania’s state-run CEC Bank, Prime Minister Victor Ponta said Thursday. more

02.11.2014

CEC Bank will benefit from state guarantees of up to RON260 million, allowing it to lend over RON520 million to small and medium-sized businesses seeking loans to fund their working capital, the bank more

01.16.2014

Romanian state-run lender CEC Bank reported a pretax profit of some 65 million lei (EUR14.36 million) in 2013, almost double on the year, government sources said Wednesday. more

09.16.2013

Romaqua, one of the largest Romanian-held companies in the fast moving consumer goods sector, is giving the lead to borrowing in lei, after refinancing an about 500 million lei (EUR112 million) taken more

08.28.2013

Romania’s Economy Ministry selected state-run lender CEC Bank to grant loans under a state-supported program aimed to help young entrepreneurs, which offers non-reimbursable financing of up to more

07.18.2013

Romanian-controlled banks are on their way to extinction, with multiple factors at play: the indiscriminate privatizations conducted in the previous decade amid pressure from external creditors, more

06.26.2013

The European Investment Bank Wednesday said it will lend EUR45 million to Romanian state-run CEC Bank to finance projects of SMEs, mid-caps and public sector institutions in various economic areas, more

06.12.2013

Interest rates on leu-denominated loans will stay high due to weak economic performance, the head of UniCredit Tiriac Bank said Wednesday. more

06.12.2013

Romanian state-owned lender CEC Bank is interested in taking over credit portfolios sold by other institutions as the market share is important for a bank. more