CEC Bank reported a net profit of 274 million RON in the first 9 months

CEC Bank registers a net profit of 274.2 million RON after the first nine months of the year, being above the budgeted level, a financial release shows.

“The evolution of CEC Bank’s results is encouraging, in the context of an environment characterized by uncertainty and a low level of interest rates. We have managed to grow in all areas of activity and continue to implement the bank’s modernization strategy. CEC Bank adapts its business model, aiming at the digitalization of services and the diversification of income sources, by increasing the share of revenues from commissions and operations,” said Bogdan Neacșu, General Manager of CEC Bank.

CEC Bank recorded net interest income of 832.3 million RON, a level close to that of the same period last year, in a context characterized by lower interest rates.

CEC Bank’s total assets rose to 37.5 billion RON, an increase of over 14% since the beginning of the year.