“We have modified 12% of the loans in the bank’s portfolio, most of which were for European projects. I guess it’s a good thing that 75% of the restructured loans still work,” said Radu Gratian Ghetea, president of CEC Bank.
Speaking at the Mediafax Talks about European Funds conference, Ghetea said CEC Bank provided loans for 9,100 projects that benefit from EU financing.
The total value of the projects is estimated at EUR500 million, Ghetea said.