CEC Bank, the most profitable period in history

The Minister of Finance, Adrian Câciu, says that CEC Bank, a state bank, is going through the most profitable period in history. The bank paid dividends worth over 600 million lei to the Romanian state, he claims.

“The approval, at the end of 2021, of the financial mechanisms by which the capitalization process of CEC Bank was completed, started in 2019, shows its efficiency. CEC Bank transferred over 634 million lei to the state budget, on account of the dividends from the profit related to the years 2019 and 2020 ”, announced the Minister of Finance.

From a statistical point of view, it is the most profitable period in the bank’s history, considers Adrian Câciu.

“Preliminary data for 2021 show that CEC Bank is going through the most profitable period in history and this must be an opportunity for the economy in the context of achieving sound financial stability and be reflected in increasing the degree of financial intermediation at the national level. Romanian companies benefit from another competitive alternative of credit for development, provided, indirectly, by the Romanian state “, said Adrian Câciu.

Most of the net profit was distributed based on the agreement agreed with the European Commission in 2019.

Source: Cotidianul RO by www.cotidianul.ro.

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