CEC Bank

CEC Bank
Company type	State-owned
Industry	Finance and Insurance
Founded	1 December 1864
Founder	Alexandru Ioan Cuza; Enric Winterhalder (first director)
Headquarters	Bucharest, Romania
Area served	Romania
Key people	Bogdan Neacșu – president
Products	Commercial banking, Investment banking, Private banking, Asset management
Revenue	1.47 billion RON (298.7 mil. €) (2021)
Net income	RON 424,3 mil. (2022)
Total assets	RON 61.748,7 mil. (2022)
Website	www.cec.ro

CEC Bank (prior to May 6, 2008 Casa de Economii și Consemnațiuni, but already known then as CEC),^[1]^[2] is a state-owned Romanian banking institution.^[3]^[4]

In 1990, shortly after the Romanian Revolution of 1989, CEC had a 32.9% share of the Romanian market for banking; by 2006 this had fallen to 4.03%.^[5] At the end of 2009, CEC Bank had 1,351 branches, more than 800 of which were in rural Romania.^[6] After 2017 CEC began a protracted modernization process and as of January 2024, it had grown back to third-largest bank in Romania.^[7]

^ (in Romanian) "CEC Bank a lansat un credit pentru studii postuniversitare", Wall-Street.ro, 19 April 2012. Accessed 12 June 2012.
^ Timeline – Continuation Archived 2016-03-05 at the Wayback Machine, cec.ro (CEC Bank). Accessed 13 June 2012.
^ (in Romanian) CEC Bank, majorare de capital de 55 mil. euro Archived 2019-12-08 at the Wayback Machine, originally published in the Romanian Business Standard, 29 July 2009. Accessed 12 June 2012 on money.ro.
^ (in Romanian) Despre CEC Bank – Tabel cronologic Archived 2012-12-21 at archive.today, cec.ro. Accessed 12 June 2012.
^ (in Romanian) Radu Ghețea, CEC Bank: Solvabilitatea băncii depășește 18% Archived 2014-07-14 at the Wayback Machine, originally published in the Romanian Business Standard, 24 November 2009. Accessed 12 June 2012 on money.ro.
^ (in Romanian) CEC Bank a acordat anul trecut credite cu valori cuprinse între 87 de lei și 25 milioane euro, originally from Mediafax, 7 February 2010. Accessed 12 June 2012 on money.ro.
^ (in Romanian) Claudia Medrega, Schimbări surpriză la vârful topului băncilor mari. Banca de stat CEC Bank urcă surprinzător pe podium pe locul 3 în topul celor mai mari bănci după active în 2023, depăşind BRD, care coboară pe 4. În 2022, CEC Bank ocupa locul 6 în top, 20 March 2024, zf.ro. Accessed 20 March 2024.

[1] (in Romanian) "CEC Bank a lansat un credit pentru studii postuniversitare", Wall-Street.ro, 19 April 2012. Accessed 12 June 2012.

[timeline-2-2] Timeline – Continuation Archived 2016-03-05 at the Wayback Machine, cec.ro (CEC Bank). Accessed 13 June 2012.

[sts2010-01-04-3] (in Romanian) CEC Bank, majorare de capital de 55 mil. euro Archived 2019-12-08 at the Wayback Machine, originally published in the Romanian Business Standard, 29 July 2009. Accessed 12 June 2012 on money.ro.

[despre-4] (in Romanian) Despre CEC Bank – Tabel cronologic Archived 2012-12-21 at archive.today, cec.ro. Accessed 12 June 2012.

[cp2010-01-04-5] (in Romanian) Radu Ghețea, CEC Bank: Solvabilitatea băncii depășește 18% Archived 2014-07-14 at the Wayback Machine, originally published in the Romanian Business Standard, 24 November 2009. Accessed 12 June 2012 on money.ro.

[u9_2010-08-07-6] (in Romanian) CEC Bank a acordat anul trecut credite cu valori cuprinse între 87 de lei și 25 milioane euro, originally from Mediafax, 7 February 2010. Accessed 12 June 2012 on money.ro.

[results2023-7] (in Romanian) Claudia Medrega, Schimbări surpriză la vârful topului băncilor mari. Banca de stat CEC Bank urcă surprinzător pe podium pe locul 3 în topul celor mai mari bănci după active în 2023, depăşind BRD, care coboară pe 4. În 2022, CEC Bank ocupa locul 6 în top, 20 March 2024, zf.ro. Accessed 20 March 2024.

[1]

[2]

[3]

[4]

[5]

[6]

[7]