CEC Bank has reported a net profit in 2011 of RON 67.4m, up 26.6 percent from 2010, driven by a 7.3 percent advance in loans to RON 10.3bn, and even faster growth rate in assets (14.3 percent) to RON 24.8bn, said Radu Ghetea, president of CEC Bank Romania.
The deposits attracted by the bank amounted to RON 17.6b, 16.6 percent more than in 2010, against an average growth rate of 9.5 percent in the banking system, mainly driven by the increase of deposits attracted from individual customers (14.5 percent), which proves the confidence of customers in CEC Bank, said Ghetea.
At the beginning of May, the bank increased its share capital by approximately RON 44.2m, to just over RON 1bn.
