CEC Bank
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CEC Bank Group Posts RON687.9M Net Profit In 2024
Financial group CEC Bank posted ROIN687.9 million net profit in 2024, an increase of 30% on 2023, while assets increased by 19% to RON99.33 billion.
European Commission: CEC Bank’s RON1B Recapitalization Not State Aid
The European Commission has concluded that Romania’s EUR200 million (RON1 billion) recapitalization of fully state-owned CEC Bank does not constitute state aid within the meaning of the EU s...
CEC Bank Receives European Commission’s Approval For Capital Increase
CEC Bank has received approval from the European Commission to increase its capital, while Exim Banca Romaneasca is still waiting for it, financial market sources say.
CEC Bank Selects Swiss Banking Software Firm Temenos To Modernize Its Core Banking Systems
Romanian state-owned lender CEC Bank has selected Swiss-based banking software specialist Temenos to streamline its retail and corporate core banking systems.
CEC Bank Lists New Issue Of Bonds On Bucharest Stock Exchange On Dec 20, Amounting To EUR300M
CEC Bank, the third largest bank in Romania by assets, is listing on Friday (Dec.20), on the Regulated Market of the Bucharest Stock Exchange (BVB) a EUR300 million issue of senior non-prefe...
Clifford Chance Badea Assisted Banks in CEC Bank’s Latest EUR300M Bond Issue
Clifford Chance Badea and Clifford Chance Frankfurt have assisted Erste Group Bank A.G. and ING Bank N.V. as Joint Lead Manager and Co-Arrangers, and BT Capital Partners, as Co-Manager, in t...
CEC Bank Grants Tu Agrar Farm EUR3.3M Investment Loan to Purchase Shares of Foreign Investor
CEC Bank has granted Tu Agrar farm, part of Rodbun group, a EUR3.3 million investment loan for the acquisition of shares of Frontier Invest Goup, a company that owns around 560 hectares of i...
Dentons Advises CEC Bank On Update Of Its Medium-Term Note Program, On EUR300M Senior Non-Preferred Eligible Notes Issuance
Global law firm Dentons has announced in a press statement on Dec 2 that it has advised CEC Bank on the update of its existing Medium-Term Note (MTN) Program followed by the raising of EUR30...
CEC Bank Successfully Closes A New Bond Issue Worth EUR300M On International Markets
CEC Bank has successfully closed a new bond issue worth EUR300 million on international markets, through a issue of Senior Non- preferred MREL Eligible Notes.