The long-term deposit rating is two notches above the bank’s viability rating (VR) of ‘bb’, reflecting Fitch’s revised view of increased depositor protection, stemming from the bank’s sustainably large resolution debt buffer, the bank said.
The rating actions follow the publication of Fitch’s updated bank rating criteria on May 8, 2026.
“Through these actions, Fitch recognizes CEC Bank’s strong capital position and its significant minimum requirement for the resolution entity’s capital (MREL), which ensures a high capacity to absorb losses and strengthens the bank’s resilience under stress scenarios, thereby supporting depositor safety and the protection of senior creditors,” CEC Bank said.
Established in 1864, CEC Bank is a top universal bank in Romania and provides a full range of services to individuals, small and medium-sized businesses and large corporations. It has the widest network in the country, with more than 1,000 branches and offices.
(English version by Loredana Fratila-Cristescu)