CEC Bank, gross profit of 14.9 mln lei in Q1

CEC Bank recorded a gross profit of 14.9 million lei in the first quarter of 2010, at a credit balance of 9.4 billion lei, announced on Tuesday the savings bank. Deposits totaled 15.1 billion lei.

„Corporate loans activity continued to be the bank’s main preoccupation. As such, in Q1 2010 new loans were given in the amount of 374 million lei (7,378 credits), their majority to the agriculture sector, namely 271 million lei (7,179 credits). Of them, 52 million lei are credits for structural funds”, CEC informs in a release.

Compared to March 31, 2009, the credit balance for corporate sector, including Local Administrations and Local Public Authorities (AAPL) rose by 946.68 million lei (+27.7 percent). In the same period of one year corporate clients and AAPL used credit facilities from CEC Bank in the amount of 8.1 billion lei. Compared to March 31, 2009 the credit balance given to individuals declined 3.36 percent.

Solvency degree stood at 16.89 percent. On March 31, 2010 CEC Bank had a number of 1,544 restructured credits in its portfolio, accounting for 9.29 percent of the total value of credit portfolio. Deposits attracted from non-banking clients, amounted on March 31, 2010 at 15.1 billion lei, a rise by 9.8 percent from Dec. 31, 2009. On March 31, 2010 the bank was running 1,285 operative units, almost half renovated and arranged in accordance with the new brand, as well as a chain of 838 ATM and 1,394 POS. Number of active cards stood at 791,906.

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